EX-99.1
5
pr_10262006.htm
PRESS RELEASE
Press Release NorthTech October 21, 2006
NORTHTECH CORPORATION
Suite 421 - 1917 West 4th Avenue, Vancouver BC, V6J 1M7
Symbol: NTEE
NorthTech Announces Merger with Wholly Owned Subsidiary and
Name Change to Platinum Research Organization, Inc.
October 26, 2006
VANCOUVER - October 26, 2006 - NorthTech Corporation ("
NorthTech
") (OTCBB:
NTTE) announced today that effective October 31, 2006, NorthTech will merge (the
"
Merger
") with and into Platinum Research Organization, Inc. ("
Platinum
"),
a Nevada corporation, and wholly-owned subsidiary of NorthTech, pursuant to an
Agreement and Plan of Merger, dated October 18, 2006, for the purpose of
effecting a change a change of name to NorthTech and a recapitalization of
NorthTech's capital stock.
Upon the Merger, each outstanding share of NorthTech Common Stock will be
automatically exchanged for and became five shares of Platinum Common Stock, and
the Platinum common stock is expected to begin trading on the OTC Bulletin Board
under a new symbol yet to be assigned by the OTCBB. The NorthTech common stock
had traded under the symbol NTTE. In addition, Platinum will assume the
outstanding warrants of NorthTech which will become exercisable for shares of
Platinum Common Stock. Each warrant exercisable for one share of NorthTech
Common Stock will be automatically exercisable for five shares of Platinum
Common Stock
at the
same price as one share of NorthTech Common Stock. Letters of transmittal are
being sent to the former NorthTech shareholders requesting that they exchange
their NorthTech stock certificates for Platinum stock certificates.
NORTHTECH CORPORATION
/s/ Cecelia Pineda
Per:
Cecelia Pineda, President & C.E.O.
For further information please contact:
Cecelia Pineda, President
Telephone: 604-689-4088
Forward-Looking Statements
Certain statements made in this document are forward-looking. Such statements
are indicated by words such as "expect", "should", "anticipate", "may" and
similar words indicating uncertainty in facts and figures. Although NorthTech
believes that the expectations reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations reflected in such
forward-looking statements will prove to be correct. Actual results could differ
materially from those projected in the forward-looking statements as a result
of a variety of factors.

EX - 99 . 1 5 pr _ 10262006 . htm PRESS RELEASE Press Release NorthTech October 21 , 2006 NORTHTECH CORPORATION Suite 421 - 1917 West 4th Avenue , Vancouver BC , V6J 1M7 Symbol : NTEE NorthTech Announces Merger with Wholly Owned Subsidiary and Name Change to Platinum Research Organization , Inc . October 26 , 2006 VANCOUVER - October 26 , 2006 - NorthTech Corporation ( " NorthTech " ) ( OTCBB : NTTE ) announced today that effective October 31 , 2006 , NorthTech will merge ( the " Merger " ) with and into Platinum Research Organization , Inc . ( " Platinum " ) , a Nevada corporation , and wholly - owned subsidiary of NorthTech , pursuant to an Agreement and Plan of Merger , dated October 18 , 2006 , for the purpose of effecting a change a change of name to NorthTech and a recapitalization of NorthTech 's capital stock . Upon the Merger , each outstanding share of NorthTech Common Stock will be automatically exchanged for and became five shares of Platinum Common Stock , and the Platinum common stock is expected to begin trading on the OTC Bulletin Board under a new symbol yet to be assigned by the OTCBB . The NorthTech common stock had traded under the symbol NTTE . In addition , Platinum will assume the outstanding warrants of NorthTech which will become exercisable for shares of Platinum Common Stock . Each warrant exercisable for one share of NorthTech Common Stock will be automatically exercisable for five shares of Platinum Common Stock at the same price as one share of NorthTech Common Stock . Letters of transmittal are being sent to the former NorthTech shareholders requesting that they exchange their NorthTech stock certificates for Platinum stock certificates . NORTHTECH CORPORATION / s / Cecelia Pineda Per : Cecelia Pineda , President & C . E . O . For further information please contact : Cecelia Pineda , President Telephone : 604 - 689 - 4088 Forward - Looking Statements Certain statements made in this document are forward - looking . Such statements are indicated by words such as " expect " , " should " , " anticipate " , " may " and similar words indicating uncertainty in facts and figures . Although NorthTech believes that the expectations reflected in such forward - looking statements are reasonable , it can give no assurance that such expectations reflected in such forward - looking statements will prove to be correct . Actual results could differ materially from those projected in the forward - looking statements as a result of a variety of factors .