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NW Tech Capital, Inc. (Formerly Known as Cybertel Capital Corporation) Signs a Definitive Acquisition Agreement to Purchase TeleDigit, Inc.
NW Tech Capital, Inc. Signs a Definitive Acquisition Agreement to Purchase TeleDigit, Inc.- Tuesday January 29, 9:20 am ET
VANCOUVER, WA and PORTLAND, OR-- Board of Directors has announced the Company has signed a definitive acquisition agreement to acquire the Portland, Oregon based telecommunications company TeleDigit, Inc. Under the stock exchange transaction NW Tech Capital will acquire 100% ownership of TeleDigit, Inc. as a subsidiary of NW Tech Capital.
"Over the past ten years TeleDigit has had progressive growth every year and we look forward to its continued growth in the future," states Jim Wheeler, CEO of NW Tech Capital. "The acquisition will add to NW Tech Capital TeleDigit's existing business which will produce approximately 1.75 million dollars in revenue for 2007." Jim Wheeler, CEO of NW Tech Capital, also states: "The revenues are up approximately 11% from what we thought they would be when we signed the letter of intent in December and we continue to be pleased with the TeleDigit results."
The transaction will include a business and funding plan to expand the growth of TeleDigit, Inc.'s current service offerings, as well as to introduce additional service offerings to the existing market that TeleDigit, Inc. provides, such as Data and Wireless networking and integration and engineering, providing a full scope of Telecommunication and Data networking services to include: Voice Over IP (VoIP), Telecom and data equipment sales and service, Wireless equipment sales and service, including integration and engineering services.
The closing date of the agreement is subject to the approval of a qualified PACOB certified public auditor. We believe that the audit should get under way within the next two weeks. Complete details of the transaction will be filed in the form of an 8K within the next week.