Frisco, Texas, United States
NT Technologies, Inc. (OTC:NTTI) has announced the completion of a share exchange transaction, effective March 30, 2007, with NeXplore Technologies, Inc. ("NeXplore"). The combined publicly traded company will operate as NT Technologies and will focus on the emergent Internet search and social computing industry. NT Technologies will operate under the leadership of the NeXplore management team and will continue to trade on the Over-the-Counter Stock Market under the symbol "NTTI."
Edward Mandel, chief executive officer of NT Technologies, said, "The steady growth in online advertising presents a tremendous opportunity for companies that can provide a truly rich and unique online experience for Internet users, and a compelling value proposition for today's Internet-savvy marketers. Merging NT Technologies with NeXplore provides a public vehicle to further pursue the commercialization and monetization of NT Technologies' portfolio of next-generation search and social computing tools and destinations. The completion of this transaction marks a strategic step in our overall game plan, and we look forward to aggressively executing on our product development and marketing initiatives."
Hanover Financial Services of Boulder, Colorado served as financial advisor to NeXplore Technologies, Inc. on the share exchange.
About NT Technologies, Inc.
NT Technologies, Inc. (OTC:NTTI), a Nevada corporation, improves the online experience by providing Web tools and destinations that empower people to drive and define a World Wide Web perfectly suited for their unique needs, interests, and online pursuits. For more information about NT Technologies, visit www.nexplore.com.
Forward-Looking Statements: A number of statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to commercialize a proprietary product, our ability to generate product sales and operating profits, potential vulnerability of technology obsolescence, potential competitive products by better capitalized companies, potential difficulty in managing growth, dependence on key personnel, and other risks which will be described in future company Securities and Exchange Commission filings.
CONTACT: NT Technologies, Inc. Investor Contact: Ronald Blekicki 303-494-3617 info@hanoverfinancialservices.com or Media Contact: Rory Doherty 214-459-6321 rdoherty@NeXplore.com
Source: Business Wire (Business Wire India)