NW Tech Capital Inc. (NWTT) Enters Merger Negotiations with a Canadian Company

Jun 29, 2010, 15:52 ET from NW Tech Capital Inc.

BELFAST, June 29 /PRNewswire-FirstCall/ - NW Tech Capital Inc, (NWTT; http://www.nwtechcapital.com) announced that the company entered into merger negotiations with an undisclosed company based in British Columbia, Canada.

NWTT management is currently negotiating a merger with a company that focuses on contracting and quarrying in British Columbia. In order to secure uninterrupted negotiations with NWTT, the company doesn't wish to disclose its name at the present time, but permitted NWTT management to introduce the company business.

The Canadian company excavates high quality ledge stone, used for landscaping. The unique stone found in the BC quarry is very popular among developers and is often used for rock walls, fireplaces, ponds, patios, house exteriors, fire pits, flower beds, stairs and walkways. The company has a miner licence and intends to invest in the necessary mining equipment.

NWTT management believes this mining company is a great opportunity in a new market niche that will raise the company value in the upcoming quarters. NWTT is now completing its due diligence with this company and details about the new merger company and the partnership will be released soon.

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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.

CONTACT: nwttech@nym.hush.com

SOURCE NW Tech Capital Inc.