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NW Tech Capital Inc. (NWTT) Finalized Merger With BC Gravel Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 3, 2010) - NW Tech Capital Inc, (PINK SHEETS:NWTT) (http://www.nwtechcapital.com) is pleased to announce, that the company had finalized the merger with Bermal Contracting Ltd., a BC Canada company.

Bermal Contracting Ltd. offers substantial revenues and a sizable operations, currently excavating patio stone (Horizontal & Stand up Veneer), ledge stone, stackable stone & corner stone, and boulder stone. All stone comes in a number of unique colors, variety of textures and shades, allowing landscapers to create individualized and customized designs.

Based on the Share Purchase Agreement (Pink Sheets filing July 30, 2010) NWTT had purchased Bermal Contracting Ltd. for six hundred million (600,000,000) shares of NWTT Common Stock. This stock will be restricted, and subject to rule 144. Moreover NWTT has secured contractual assurances that Bermal Contracting must meet reasonable financial and business obligations and milestones set between the parties, satisfactory to NWTT board and in the best interest of NWTT shareholders.

In other company news and events, this week the company will complete a set of filings with OTC Markets appointing new officers/directors of Bermal to NWTT roster in conjunction with the merger.

Bermal Contracting Ltd. is a viable already operational business with substantial revenues assets operations and goodwill. The company is in the process of updating its new web site and unveiling its future plans with its recent marriage to NWTT. Bermal plans to start producing stone and pallets of varying size that will be sold directly to medium and high-end landscapers. At this time, the company is investing in equipment in order to start and run operations. The company plans to be on target in 2011 for this further planned expansion.

Bermal Contracting Ltd. financials will be posted shortly.

About Mina Mar Group:

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Mina Mar Marketing Group, MMMG (www.minamargroup.net) offers publicly traded companies full array of services such as Investor Relations and maintenance investor awareness.

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Safe Harbor Statement

Information in this news release may contain statements about future expectations, plans, prospects or performance of NW Tech Capital Inc. that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be", "expects", "may affect", "believed", "estimate", "project" and similar words and phrases are intended to identify such forward-looking statements. NW Tech Capital Inc. cautions you that any forward-looking information provided by or on behalf of NW Tech Capital Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. NW Tech Capital Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond NW Tech Capital Inc.'s control. In addition to those discussed in NW Tech Capital Inc.'s press releases, public filings, and statements by NW Tech Capital Inc.'s management, including, but not limited to, NW Tech Capital Inc.'s estimate of the sufficiency of its existing capital resources, NW Tech Capital Inc.'s ability to raise additional capital to fund future operations, NW Tech Capital Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match NW Tech Capital Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. NW Tech Capital Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

CONTACTS:
Investor Relations:
Tel: 1–647–426–1640; www.minamargroup.net/helpdesk, Investor Relations Department Inquiry, www.minamargroup.net (IR), for (M&A) and Corporate Matters, www.minamargroup.com

 
aus der Diskussion: NW Tech Capital, Inc. (NWTT) - Fakten
Autor (Datum des Eintrages): jochen310771  (03.09.10 22:22:10)
Beitrag: 93 von 1,220 (ID:40099373)
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