From the Wires
Cybertel Capital Corporation Signs a Non-Binding Letter of Intent to Acquire TeleDigit, Inc.
Cybertel Capital Corporation Signs a Non-Binding Letter of Intent to Acquire TeleDigit, Inc.
Dec. 12, 2007 02:00 PM
VANCOUVER, WA and PORTLAND, OR -- (MARKET WIRE) -- 12/12/07 -- Cybertel Capital Corporation
(OTCBB: CBEL) Board of Directors has announced the Company has signed a
Non-binding Letter of Intent to acquire the Portland, Oregon based
telecommunications company TeleDigit, Inc. The pending transaction will
acquire a minimum of eighty percent (80%) ownership of TeleDigit, Inc. as a
subsidiary of Cybertel Capital Corporation.
"Over the past ten years TeleDigit has had progressive growth every year
and we look forward to its continued growth in the future," states Jim
Wheeler, CEO of Cybertel Capital Corp. "The acquisition will add
TeleDigit's existing business which will produce approximately 1.5 million
dollars in revenue for 2007."
The transaction will include a business and funding plan to expand the
growth of TeleDigit, Inc.'s current service offerings, as well as to
introduce additional service offerings to the existing market that
TeleDigit, Inc. provides, such as Data and Wireless networking and
integration and engineering, providing a full scope of Telecommunication
and Data networking to include: Voice Over IP (VoIP), Telecom and data
equipment sales and service, Wireless equipment sales and service,
including integration and engineering services.
"We feel TeleDigit has positioned themselves well in the communication
field. 2007 revenues will be about $1.5 million and with the additional
services that CBEL plans on bringing in with other new acquisitions we will
continue the expansion of the existing services. We feel additional growth
potential is extremely high," stated Jim Wheeler.
About TeleDigit, Inc.
TeleDigit, Inc. is a locally owned and operated telecommunications company
in the Pacific Northwest. Established in 1995, TeleDigit, Inc. bases its
operations out of Portland, Oregon serving customers throughout the West
coast, with a national contract to service all voice systems for a National
chain of dentist offices. TeleDigit, Inc. provides installation and
service for your business voice needs, including key systems, PBXs,
voicemail, and cabling.
About Cybertel Capital Corporation
Cybertel Capital Corporation is a holding company with interests in areas
of telecommunications, data management, information systems and public
safety communication and response solutions. Cybertel trades on the OTC
Bulletin Board under the ticker symbol CBEL. For more information on
Cybertel or TeleDigit contact investor@cbclinc.com or visit web site at
www.teledigitinc.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 STGI 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:
Cybertel Capital Corporation
Vancouver, WA
James Wheeler
Chairman & CEO
E-mail: Email Contact
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