NW Tech Capital, Inc. (Formerly: Cybertel Capital Corp) Announces It Will Seek Acquisitions in China Targeting Companies With $5
22 February 2008 - 1:15AM
Marketwired
VANCOUVER, WA announced today that its Board of Directors had
approved sending a delegation to China to seek out merger and
acquisition opportunity. Formerly known as Cybertel Capital Corp,
NWTT is a technology base provider to national and regional
businesses and other consumers in the Pacific Northwest.
James Wheeler President and CEO stated, "We are an established
technology company looking for merger and acquisition
opportunities. As a public company, we can offer companies in China
entry into the USA financial markets through a business strategy
that leverages our position as a public company. As a small
business issuer reporting to the Securities and Exchange
Commission, we believe private companies in China will team up with
us to take them public in the USA. This model has been proven
successfully by other companies who used their management and
regulatory experience to close M&A opportunities with much
larger private and public companies."
"We are targeting companies in China that have approximately
$5,000,000 in annual revenues, EBIDTA of in excess of $500,000 or
more and a 5-year history of operations. Also, we will look for a
professional management team in place with a proven business line.
We think that there is a great opportunity for synergy in China
with US-based companies like NWTT. The reason we have approved a
foreign market such as China is that management feels they have a
better opportunity to find companies that fit our requirements and
will allow NWTT to grow faster with a more consistent and higher
rates of return. Many companies in China are very profitable and
looking for ways to enter the US Market. By acquiring these
companies it gives them entrance into the USA Public market and at
the same time increase the Shareholder value of NWTT."
NWTT's delegation to China will depart in March 2008 in search
of M&A opportunities. Further information will be made
available upon execution of definitive agreements."
About NW TECH CAPITAL, INC.
NW Tech Capital is a holding company with interests in areas of
telecommunications, data management, information systems and public
safety communication and response solutions. NW Tech trades on the
OTC Bulletin Board under the ticker symbol "NWTT."
For more information on NW Tech Capital contact
investor@nwtechcapital.com.
Certain Information
Investors are cautioned that certain statements contained in
this document as well as some statements in periodic press releases
and some oral statements of NWTT officials are "Forward-Looking
Statements": within the meaning of the Private Securities
Litigation Reform Act of 1995 (the "Act"). Certain statements in
this news release may contain forward-looking information and are
based on Management's current expectations, estimates and
projections subject to change. Words such as "anticipates,"
"expects," "intends," "plans," "targets," "projects," "believes,"
"seeks," "estimates" and similar expressions are intended to
identify such forward-looking statements. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and other factors, some of which are beyond our
control and are difficult to predict. Therefore, actual outcomes
and results may differ materially from what is expressed or
forecasted in such forward-looking statements. You should not place
undue reliance on these forward-looking statements. Unless legally
required, the Company undertakes no obligation to update publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise. The Company disclaims any
information that is created or distributed by any outside party and
endorses only information that is communicated by its official
Press Releases.
Contact Information: NW Tech Capital, Inc. Vancouver, WA James
Wheeler Chairman & CEO E-mail: Email Contact
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