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Stock Report On Nwtt And Cellcom Israel - Pennytobuck.com

NW Tech Capital Inc

NW Tech Capital Inc. (PinkSheets:NWTT) recently announced that it is completing negotiations for British Columbia-based Bermal Contracting Ltd., which excavates high quality ledge stone for use in landscaping.

This stone is unique and is used by developers and contractors for use in rock walls, fire pits and fireplaces, ponds, flower beds, walkways, stairs and pretty much any other imaginable hardscaping that a property owner might want. The merger is part of NWTTs commitment to raise value for shareholders by merging with strong, viable businesses throughout North America, Europe and Asia.

NWTT is pleased to announce, they have finalized the merger with Bermal Contracting Ltd., a BC Canada company.

Based on the Share Purchase Agreement (Pink Sheets filing July 30, 2010) NWTT had purchased Bermal Contracting Ltd. for six hundred million (600,000,000) shares of NWTT Common Stock. This stock will be restricted, and subject to rule 144. Moreover NWTT has secured contractual assurances that Bermal Contracting must meet reasonable financial and business obligations and milestones set between the parties, satisfactory to NWTT board and in the best interest of NWTT shareholders.


Bermal Contracting Ltd. is a viable already operational business with substantial revenues assets operations and goodwill. The company is in the process of updating its new web site and unveiling its future plans with its recent marriage to NWTT.

Bermal plans to start producing stone and pallets of varying size that will be sold directly to medium and high-end landscapers. At this time, NWTT is investing in equipment in order to start and run operations. The company plans to be on target in 2011 for this further planned expansion.

Cellcom Israel Ltd. (NYSE:CEL), announced that since the Israeli Ministry of Communications, or MOC, has not released its final determination with respect to the previously reported proposed interconnect tariff reduction and in light of the potentially material impact of the MOC's decision on CEL's business results, CEL is postponing the release of its financial results for the second quarter ended June 30, 2010 until next Thursday, August 26, 2010, before the US markets open. This way they can provide its results for the second quarter as well as preliminary assessments of the MOC's final decision (assuming it has been made by then) and still meet (and allow its controlling companies to meet) the legal obligation to announce second quarter results by the end of this month.

CEL will be hosting a conference call on august 26, 2010 at 9:30 am ET (6:30 am PST, 14:30 GMT, 16:30 Israel time). During this call, management will review and discuss the results and will be available to answer questions. To participate, please call one of the following teleconferencing numbers. Please begin placing your calls at least 10 minutes before the conference call commences.

If you are unable to connect using the toll-free numbers, please try the international dial-in number.

UK Dial-in Number: 0-800-917-5108

Israel Dial-in Number: 03-918-0610

at:9:30 am EST; 6:30 am PST;14:30 GMT Time; 16:30 Israel Time.

The conference will be broadcast live on the investor relations section of CEL's website: http://investors.ircellcom.co.il. After the call, a replay of the call will be available under the same investor relations section.


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by: Bill Pennyman
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