FRISCO, TEXAS, April 12 /CNW/ - NT Technologies, Inc. (OTC:NTTI) today
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,
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.
For further information:
For further information: NT Technologies, Inc. Investor Contact: Ronald
Blekicki, 303-494-3617 firstname.lastname@example.org or Media Contact:
Rory Doherty, 214-459-6321 rdoherty@NeXplore.com