SOURCE: Nettel Holdings, Inc.

April 03, 2007 09:15 ET

Tougi Has Entered Into a Definitive Agreement to Acquire the Business Unit of HTD Co.

PORTLAND, OR -- (MARKET WIRE) -- April 3, 2007 -- Nettel Holdings, Inc. (OTCBB: NTTL) division Tougi has entered into a definitive agreement to acquire the business unit of HTD Co.

HTD is currently the third largest manufacturer of boxes, packaging, and advertising displays in Vietnam. Its client base lists over 1,000 domestic and international clients, and includes many Fortune 500 and Global 500 companies (please visit www.tougi.net to view a list of companies and their products and services). The manufacturing and processing plant is located in an 80,000 square foot facility in Vietnam. Some of the products and services provided by HTD are: Folding Cartons, Retail Packaging Boxes, Custom Designed Packaging, Printing Packaging Solutions, Food Packaging, and Plastic Packaging.

Acquiring the HTD business unit is a strategic acquisition that adds significant value to Tougi's product offerings. The company expects to capitalize on significant growth opportunities by:

--  Cross-selling of products between the companies in HTD's customer
    base.
--  Leveraging HTD's well established relationships with many large
    clients in Asia, Europe, and North America.
    
In addition, the acquisition of the HTD business unit will provide an immediate opportunity to generate revenue and profits, because all contracts and purchase orders will be completed under Tougi.

The transaction is expected to close early in the second quarter of 2007. The company is currently working on similar acquisitions with several other companies located in China and Vietnam.

Contact Information

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