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November 6, 2009
NW Tech Capital, Inc. Seeks to Rebuild in 2010
June 12, 2008
NW Tech Capital, Inc. Completes Audit of Teledigit, Inc., and sets new closing date.
NW Tech Capital, Inc. Announces It Will Seek Acquisitions in China Targeting Companies With $5,000,000 in Revenue
NW Tech Capital, Inc. (Formerly Known as Cybertel Capital Corporation) Files the Acquisition Agreement to Purchase Teledigit, Inc.
NW Tech Capital, Inc. (Formerly Known as Cybertel Capital Corporation) Signs a Definitive Acquisition Agreement to Purchase TeleDigit, Inc.
NW Tech Capital, Inc. Seeks to Rebuild in 2010
VANCOUVER, WASHINGTON / PORTLAND, OREGON, November 6, 2009 –NW Tech Capital, Inc (Pink Sheets: NWTT) today announced that it has been unable to raise necessary capital to complete it funding requirement to maintain its subsidiary, Teledigit Inc. as stated in the original purchase agreement.
James Wheeler-CEO of NW Tech Capital stated: “We have been unable to complete our financial requirements to maintain Teledigit, Inc. as a subsidiary of NWTT. Therefore the management of Teledigit Inc. has found NWTT in default of our agreement and has separated from NW Tech Capital. We regret that it has come to this but we have exhausted all of our resources in seeking funding to maintain Teledigit as a subsidiary”.
A settlement separation agreement was signed by both parties on July 1, 2009 and effective as of April 1, 2009. Until recently NWTT thought that we could satisfy the dispute and continue with Teledigit, but we have been unsuccessful at resolving the financial requirement.
NW Tech Capital is now seeking new funding sources and investment companies to replace Teledigit Inc. and regain market support. Currently NWTT is reviewing a couple of new industries and speaking with Venture Capital companies to fund a new direction for NWTT, although no agreements have been reached at this time.
NWTT plans to post its quarterly financial to its web-site within the next couple of weeks once completed.