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NW Tech Capital Inc, (PINK SHEETS:NWTT) recently reported that the company has finalized the merger with Bermal Contracting Ltd., a BC Canada company.
Bermal Contracting Ltd. offers substantial revenues and a sizable operations, currently excavating patio stone (Horizontal & Stand up Veneer), ledge stone, stackable stone & corner stone, and boulder stone. All stone comes in a number of unique colors, variety of textures and shades, allowing landscapers to create individualized and customized designs. Based on the Share Purchase Agreement NWTT had purchased Bermal Contracting Ltd. for 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.
NWTT excavates high quality stone used for landscaping. The variety of unique stone found in the BC quarry are very popular among developers and is often used for rock walls, fireplaces, ponds, patios, house exteriors, fire pits, flower beds, stairs and walkways.
Caterpillar Inc. (NYSE:CAT) recently reported that the company has plans to open an engineering design center in Rapid City, S.D. The new facility, known as the Black Hills Engineering Design Center, will provide additional engineering support services for Caterpillar’s U.S. operations and will complement the company’s existing engineering design centers in Chennai, India, and Champaign, Ill.
CAT has been making progress possible and driving positive and sustainable change on every continent. With 2009 sales and revenues of .396 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.
Mohawk Industries, Inc. Common (NYSE: MHK) recently reported that Larry W. McCurdy, director of Mohawk Industries, Inc., and Chairman of its Audit Committee, passed away today at the age of 75. Mr. McCurdy had been a member of Mohawk’s board since the company’s initial public offering in 1992.
Larry was a key contributor to our growth over the past two decades, said Jeffrey S. Lorberbaum, CEO of Mohawk. He had a distinct perspective that combined all aspects of finance, marketing and manufacturing to positively position a business in a competitive environment. He brought a keen intellect and unique experience that reached across a broad array of subjects. Larry was a strategic thinker who helped us find innovative solutions to the challenges we faced. We will miss his good counsel and friendship. Our thoughts and prayers are with his family during this difficult time.
In addition to his service on the Mohawk Board, Mr. McCurdy served as Chairman, President and Chief Executive Officer of Echlin Inc. After Echlin’s merger with Dana Corporation in 1998, he served as President of the Dana Automotive Aftermarket Group. He had previously served as President and Chief Executive Officer of Moog Automotive, Inc., until Moog’s acquisition by Cooper Industries, Inc. He was Executive Vice President – Operations for Cooper following the acquisition. Mr. McCurdy also served on the Boards of Directors of Affinia Group Inc., General Parts, Inc. and Lear Corporation.
MHK is a leading supplier of flooring for both residential and commercial applications. Mohawk offers a complete selection of carpet, ceramic tile, laminate, wood, stone, vinyl, and rugs. These products are marketed under the premier brands in the industry, which include Mohawk, Karastan, Ralph Lauren, Lees, Bigelow, Dal-Tile, American Olean, Unilin and Quick Step. Mohawk’s unique merchandising and marketing systems assist its customers in creating the consumer’s dream. Mohawk provides a premium level of service with its own trucking fleet and over 250 local distribution locations.
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