NW Tech Capital, Inc. Announces Its 1st China Deal to Acquire Controlling Shares of 400 Chain Drugstores, With Over 51 Million RMB ($7.4 Million USD) in Revenue for 2007

SOURCE:

NW Tech Capital, Inc.

2008-08-19 08:45:00

VANCOUVER, WA and HONG KONG–(EMWNews – August 19, 2008) – NW Tech Capital, Inc. (OTCBB: NWTT) announced today that it has entered into a Letter of Intent to

acquire 51% of the controlling shares of Zhuhai Jialun Guangcai Chain

Drugstore Co., Ltd. (“ZJG Drugstores”). The ZJG Drugstores produced over 51

million RMB ($7.4 million USD) in revenue for 2007 and between

January-April 2008 revenues were up approximately 22% over the prior year

for the same period. The ZJG Drugstores will become part of NWTT following

a financial audit required by the SEC and upon satisfactory completion of

the final acquisition agreement. James Wheeler, CEO of NWTT, will be

meeting with the management team of the ZJG Drugstores chain to finalize

the acquisition, audit issues, and timeline for completion of the

acquisition.

Mr. Wheeler stated: “We are extremely excited that we are underway with our

plans to do business in China and look forward to finalizing the terms of

the acquisition agreement with ZJD Drugstores when we meet in Zhuhai, China

and Hong Kong in September, 2008. ZJD Drugstores are on a very impressive

growth rate and we look forward to their continued success as a part of NW

Tech Capital, Inc.”

The ZJG Drugstores own over 400 chain drugstores in Guangdong Province in

the cities of Zhuhai, Zhongshan, Fuschan, and Dongguan with over 700

internally manufactured products. The Guangdong Province has a population

of over 88 million people. The ZJG Drugstores and over 2000 individual

drugstores use Gugangcai Software which was developed by Jialun Guangcai

Software Co. Ltd. This software provides the logistic and management

platform for the drugstores, wholesalers, manufacturers and administrators.

James Wheeler, CEO of NWTT, stated, “The Zhuhai Jialun Guangcai Chain

Drugstore Co., Ltd. is a great company with a proven track record of

success. We are honored to become a team member. We will have additional

information following the September 2008 meetings with management of the

ZJG Drugstores in Zhuhai, China and Hong Kong. We anticipate that this

will be the 1st of many opportunities for NWTT in China.”

About Zhuhai Jialun Guangcai Chain Drugstore Co., Ltd.

Zhuhai Jialun Guangcia Chain Drugstore is a retail and wholesale for

Chinese Traditional Medicine materials, Traditional Chinese Medicine Patent

Prescription, Chinese Traditional Medicine Slices, biochemical

pharmaceutics, biological products (except for the bio-products for

preventive use), chemical, antibiotics; the retail for foodstuff and health

products; the retail and wholesale for chemical products (except for

dangerous chemicals and easy made drugging chemicals), cosmetic and general

goods; the retail and wholesale for Class II medical instruments (except

for the items with licenses). Additional information regarding the ZJD

Drugstores is available at http://www.gzhuang.cn/zhuhai/e_index.asp.

About NW TECH CAPITAL, INC.

NW Tech trades on the OTC Bulletin Board under the ticker symbol “NWTT.”

For more information on NW Tech Capital contact investor@nwtechcapital.com

or visit web sites at www.nwtechcapital.com

Certain Information

Investors are cautioned that certain statements contained in this document

as well as some statements in periodic press releases and some oral

statements of NWTT officials are “Forward-Looking Statements”: within the

meaning of the Private Securities Litigation Reform Act of 1995 (the

“Act”). Certain statements in this news release may contain

forward-looking information and are based on Management’s current

expectations, estimates and projections subject to change. Words such as

“anticipates,” “expects,” “intends,” “plans,” “targets,” “projects,”

“believes,” “seeks,” “estimates” and similar expressions are intended to

identify such

forward-looking statements. These statements are not guarantees of future

performance and are subject to certain risks, uncertainties and other

factors, some of which are beyond our control and are difficult to predict.

Therefore, actual outcomes and results may differ materially from what is

expressed or forecasted in such forward-looking statements. You should not

place undue reliance on these forward-looking statements. Unless legally

required, the Company undertakes no obligation to update publicly any

forward-looking statements, whether as a result of new information, future

events or otherwise. The Company disclaims any information that is created

or distributed by any outside party and endorses only information that is

communicated by its official Press Releases.

Contact Information:
NW Tech Capital, Inc.
James Wheeler
Chairman & CEO
E-mail:

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