Bermal Contracting Ltd. (NWTT) Stone Cutting Merger
January 20 2011 - 6:30AM
Marketwired
NW Tech Capital Inc. (PINK SHEETS: NWTT) (www.nwtechcapital.com)
subsidiary Bermal Contracting Ltd. is pleased to announce that it
is in negotiations with a construction and manufacturing
conglomerate which operates 6 companies. The company is of the
opinion that this is a material event that requires a news release
as it may establish a steady demand channel for Bermal's stone
products.
One of the targeted companies divisions is in the process of
establishing a stone-cutting and sheet rock manufacturing outlet.
The merger would use products supplied by Bermal Contracting. This
operation could further process Bermal's raw materials for a wide
variety of uses for a number of markets.
Bermal believes that working with this conglomerate could become
an ongoing concern and establish a solid and consistent business
partnership to use and process its high-quality patio, ledge,
stack-able, corner and boulder stone, which offers a serious growth
opportunity for the company.
More details will be released shortly and on a timely basis.
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: NW Tech Capital Inc. Investor Relations 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
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