BELFAST, June 23 /PRNewswire-FirstCall/ - NW Tech Capital Inc.'s (PinkSheets: NWTT) interim management seeks a consulting firm to facilitate merger opportunities for the company. This news follows the press release on June 14, where amongst other things the company announced a sale of the controlling interested to a European based consortium and change in NWTT management (effective June 11, 2010).
With the management change, the EU based NW Tech Capital Inc., will start to seek viable merger candidates to imbue the holding company with value. To assist with this process, the company is currently in discussions with a Toronto Canada based investor relations (IR) company Mina Mar Marketing Group (www.minamargroup.net) and a mergers and acquisition's (MA) firm Mina Mar Group (www.minamargroup.com) for the purpose of IR work and consulting the interim management and NWTT to accommodate these merger opportunities.
While NWTT has a specific interest in merging with stable, UK or EU based companies and/or Chinese companies that would offer a strong growth opportunities.; a USA based manufacturing opportunity (south eastern part of USA) is currently being carefully looked at. Management also believes in the presented growth potential of China, and desires to retain an advisor with specific knowledge of the region, and explore that opportunity as well.
Immediate plans in NWTT turnaround plan include a new web site that will be updated on a timely basis, frequent communications with its shareholders and the commencement of filings to achieve transparency.
Further updates will follow.
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.
SOURCE NW Tech Capital Inc.