NW TECH CAPITAL, INC. ANNOUNCES IT HAS SIGNED AND CLOSED A DEFINITIVE AGREEMENT AND HAS PURCHASED MICROHOLDINGS US, INC. A PUBLICLY TRADED PINK-SHEET COMPANY
November 17, 2008
NW Tech Capital, Inc. (NWTT.OB) announced today that it has entered into and closed a definitive agreement to acquire the Pink Sheet listed company Microholdings US, (MCHU.PK) Inc. The closing took place November 14, 2008.
James Wheeler stated: “Today, our purchase of Microholdings US provides us with another opportunity to bring value to our shareholders who will benefit from both M&A with Microholdings US and the organic growth of our wholly owned subsidiary Teledigit, Inc. The purchase agreement provides us with controlling interest in Microholdings US. We anticipate further announcements in the near future regarding Microholdings US. NWTT is currently considering two separate deals for placement into Microholdings. More information can be found on Microholdings US at www.microholdingsus.com. Until then we are focusing on the growth of Teledigit which continues to produce historic revenues for us.”