**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


WASHINGTON,
      D.C. 20549





**FORM
      10-Q**





**x**
            **QUARTERLY
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934**




For
      the
      quarterly period ended **March 31, 2008**






**o**
            **TRANSITION
                REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF
                1934**




For
      the
      transition period from __________ to __________.




*Commission
      File No.*  ***000-26913***




**NW
      TECH CAPITAL, INC.**




( (Exact
      Name of Registrant as Specified in its Charter)





**NEVADA**
            
            **86-0862532**(State
                or Other Jurisdiction ofincorporation
                or organization)
            
            (I.R.S.
                EmployerIdentification
                No.)**4603
                NE St. Johns Road, Ste. B**
              **Vancouver,
                Washington**
            
            **98661**(Address
                of Principal Executive Offices)
            
            (Zip
                Code)




Issuer's
      Telephone Number:  (360)-635-6521





Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      preceding 12 months (or for such shorter period that the registrant was required
      to file such reports), and (2) has been subject to such filing requirements
      for
      the past 90 days.  Yes x   No o




Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, a non-accelerated filer, or a smaller reporting company.
      See
      the definitions of “large accelerated filer,” “accelerated filer” and “smaller
      reporting company” in Rule 12b-2 of the Exchange Act.





Large
                accelerated filero
            
            Accelerated
                fileroNon-accelerated
                filero
            
            Smaller
                reporting companyx




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes o  No x




**APPLICABLE
      ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS** **DURING
      THE PRECEDING FIVE YEARS**




Indicate
      by check mark whether the registrant filed all documents and reports required
      to
      be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution
      of securities under a plan confirmed by a court.  Yes o  No o




**APPLICABLE
      ONLY TO CORPORATE ISSUERS**




State
      the
      number of shares outstanding of each of the issuer's classes of common equity,
      as of the latest practicable date: As of May 14, 2008, there were 65,940,154
      outstanding shares of the Registrant's Common Stock, $.00001 par
      value.








**TABLE
      OF CONTENTS**





**Page****PART
                I - FINANCIAL INFORMATION**Item
                1.
            Condensed
                Consolidated Financial Statements
            3Item
                2.
            Management’s
                Discussion and Analysis or Plan of Operation
            12Item
                3.
            Quantitative
                and Qualitative Disclosures about Market Risk
            14Item
                4.
            Controls
                and Procedures
            14**PART
                II - OTHER INFORMATION**Item
                1.
            Legal
                Proceedings
            15Item
                1A.
            Risk
                Factors
            15Item
                2.
            Unregistered
                Sales of Equity Securities and Use of Proceeds
            15Item
                3.
            Defaults
                Upon Senior Securities
            16Item
                4.
            Submission
                of Matters to a Vote of Security Holders
            16Item
                5.
            Other
                Information
            16Item
                6.
            Exhibits
            16




2





**PART
      I - FINANCIAL INFORMATION**





**Item
      1. Condensed Consolidated Financial Statements.**




**NW
                TECH CAPITAL, INC.****(FORMERLY
                CYBERTEL CAPITAL CORPORATION)****CONDENSED
                CONSOLIDATED BALANCE
                SHEETS**




**March
                31, 2008**
            
            **December
                31, 2007****ASSETS**
            
            **(UNAUDITED)**Current
                assetsCash
            
            $
            9,525
            
            $
            16,675Other
                current assets
            
            
            41,000
            
            
            40,000Total
                current assets
            
            
            50,525
            
            
            56,675TOTAL
                ASSETS
            
            $
            50,525
            
            $
            56,675**LIABILITIES
                AND STOCKHOLDERS' DEFICIT****LIABILITIES**Current
                liabilitiesAccounts
                payable
            
            $
            222,051
            
            $
            228,082Accrued
                expenses
            
            
            36,993
            
            
            67,806Notes
                payable to shareholders, net
            
            
            272,539
            
            
            293,064Derivative
                liability
            
            
            211,662
            
            
            140,187Total
                current liabilities
            
            
            743,245
            
            
            729,139TOTAL
                LIABILITIES
            
            
            743,245
            
            
            729,139**STOCKHOLDERS’
                DEFICIT**Series
                A convertible preferred stock, $.001 per share, 5,000 shares authorized;
                84 and 164 shares issued and outstanding
            
            
            -
            
            
            -Series
                  B super voting preferred stock, par value $.00001 per share; 100,000,000
                  shares authorized; 49,200,000 and 50,000,000 shares issued and
                  outstanding
            
            
            492
            
            
            500Common
                stock; $.00001 par value; 2,500,000,000 shares authorized; 38,054,389
                and
                550,363 issued and outstanding
            
            
            381
            
            
            6Additional
                paid-in-capital
            
            
            23,985,975
            
            
            23,656,194Accumulated
                deficit
            
            
            (24,679,568
            )
            
            (24,329,164
            )TOTAL
                STOCKHOLDERS’ DEFICIT
            
            
            (692,720
            )
            
            (672,464
            )TOTAL
                LIABILITIES AND STOCKHOLDERS’ DEFICIT
            
            $
            50,525
            
            $
            56,675




See
      accompanying notes to condensed consolidated financial statements.




3




**NW
                TECH CAPITAL, INC.****CONDENSED
                CONSOLIDATED STATEMENT OF OPERATIONS****(UNAUDITED)**




**For
                the three months ended March 31,****2008**
            
            **2007**REVENUES
            
            $
            -
            
            $
            -Cost
                of goods sold
            
            
            -
            
            
            -Gross
                profit
            
            
            -
            
            
            -EXPENSESSelling,
                general and administrative
            
            
            217,644
            
            
            137,168Bad
                debt recovery
            
            
            (12,221
            )
            
            -TOTAL
                OPERATING EXPENSES
            
            
            205,423
            
            
            137,168OPERATING
                LOSS
            
            
            (205,423
            )
            
            (137,168
            )OTHER
                INCOME (EXPENSE)Interest
                expense
            
            
            (72,147
            )
            
            (1,054
            )Change
                in fair value of derivative liability
            
            
            (71,475
            )
            
            (6,425
            )TOTAL
                OTHER INCOME/(EXPENSE)
            
            
            (143,622
            )
            
            (7,479
            )LOSS
                FROM CONTINUING OPERATIONS
            
            
            (349,045
            )
            
            (144,647
            )DISCONTINUED
                OPERATIONSLoss
                from operations of discontinued business
            
            
            -
            
            
            (7,511
            )LOSS
                FROM DISCONTINUED OPERATIONS
            
            
            -
            
            
            (7,511
            )NET
                LOSS
            
            
            (349,045
            )
            
            (152,158
            )Preferred
                dividend
            
            
            (1,359
            )
            
            (1,938
            )NET
                LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS
            
            $
            (350,404
            )
            $
            (154,096
            )NET
                LOSS PER COMMON SHARE - BASIC AND DILUTEDContinuing
                operations
            
            $
            (0.02
            )
            $
            (75.77
            )Discontinued
                operations
            
            $
            0.00
            
            $
            (3.93
            )Net
                loss per common share
            
            $
            (0.02
            )
            $
            (80.72
            )Weighted
                average number of shares outstanding:Basic
                and diluted
            
            
            18,793,889
            
            
            1,909




See
      accompanying notes to condensed consolidated financial statements.




4





**NW
                TECH CAPITAL, INC.****CONDENSED
                CONSOLIDATED STATEMENTS OF CASH FLOWS****(UNAUDITED)**




**For
                the three months****ended
                March 31,****2008**
            
            **2007****CASH
                FLOWS FROM OPERATING ACTIVITIES**Net
                loss from continuing operations
            
            $
            (349,045
            )
            $
            (144,647
            )Adjustments
                to reconcile net income to net cash provided by operating
                activitiesNotes
                issued for expenses
            
            
            (6,360
            )
            
            -Interest
                expense associated with beneficial conversion feature
            
            
            60,150
            
            
            -Change
                in fair value of derivative liability
            
            
            71,475
            
            
            6,425Common
                stock issued to third parties for services
            
            
            112,430
            
            
            160,220Common
                stock issued for interest payment on debt
            
            
            5,350
            
            
            -Changes
                in assets and liabilitiesPrepaid
                expenses
            
            
            (1,000
            )
            
            -Accounts
                payable and accrued expenses
            
            
            79,850
            
            
            24,956Net
                cash used in continuing operations
            
            
            (27,150
            )
            
            46,954Net
                income (loss) from continuing operations
            
            
            -
            
            
            (7,511
            )Net
                cash provided by (used in) discontinued operations
            
            
            -
            
            
            -(88,563
            )Net
                cash used in operating activities
            
            
            (27,150
            )
            
            (49,120
            )**CASH
                FLOW FROM INVESTING ACTIVITIES**Net
                cash provided by investing activities
            
            
            -
            
            
            -**CASH
                FLOW FROM FINANCING ACTIVITIES**Proceeds
                from related party notes payable
            
            
            20,000
            
            
            -Proceeds
                from notes payable
            
            
            -
            
            
            50,000Proceeds
                from exercise of ESOP
            
            
            -
            
            
            75,804Net
                cash provided by financing activities
            
            
            20,000
            
            
            125,804Net
                cash provided by discontinued operations
            
            
            -
            
            
            (55,671
            )Net
                cash provided by financing activities
            
            
            20,000
            
            
            70,133Cash
                and cash equivalents:Increase
                (decrease) in cash
            
            
            (7,150
            )
            
            21,013Cash,
                beginning of period
            
            
            16,675
            
            
            1,718Cash
                of discontinued operations, beginning of period
            
            
            -
            
            
            19,736Less
                cash of discontinued operations, end of period
            
            
            -
            
            
            (34,948
            )Cash,
                end of period
            
            $
            9,525
            
            $
            7,519





See
      accompanying notes to condensed consolidated financial statements.




5




**NW
                TECH CAPITAL, INC.****CONDENSED
                CONSOLIDATED STATEMENTS OF CASH FLOWS
                (CONTINUED)****(UNAUDITED)**





**For
                the three months****ended
                March 31,****2008**
            
            **2007****SUPLLEMENTAL
                DISCLOSURES**Cash
                paid for interest & taxes
            
            $
            -
            
            $
            2,317Non-cash
                financing and investing activitiesIssuance
                of Note for accrued expense
            
            $
            51,874
            
            $
            -Common
                stock issued to third parties for services
            
            $
            112,430
            
            $
            -Issuance
                of common stock for payment of debt
            
            $
            66,470
            
            $
            -Conversion
                of preferred stock to common stock
            
            $
            -
            
            $
            -Conversion
                of accrued dividend to common stock
            
            $
            59,819
            
            $
            -Accrued
                preferred stock dividends
            
            $
            1,359
            
            $
            -





See
      accompanying notes to condensed consolidated financial statements.




6


NW
      TECH
      CAPITAL, INC.


(FORMERLY
      CYBERTEL CAPITAL CORPORATION)


Notes
      to
      the Condensed Consolidated Financial Statements


March
      31,
      2008 and December 31, 2007





**NOTE
      1 -** **SUMMARY
      OF SIGNIFICANT ACCOUNTING POLICIES**





*Basis
      of Presentation*





The
      accompanying unaudited interim financial statements of NW Tech Capital ("NWTT"
      or the “Company”) have been prepared in accordance with accounting principles
      generally accepted in the United States of America and the rules of the
      Securities and Exchange Commission ("SEC"), and should be read in conjunction
      with the audited consolidated financial statements and notes thereto contained
      in the Company's Annual Report on Form 10-KSB for the fiscal year ended December
      31, 2007 filed with the SEC on March 31, 2008 (the “2007 Form 10K-SB”). In the
      opinion of management, all adjustments, consisting of normal recurring
      adjustments, necessary for a fair presentation of financial position and the
      results of operations for the interim periods presented have been reflected
      herein. The results of operations for the interim period are not necessarily
      indicative of the results to be expected for the full fiscal year. Notes to
      the
      financial statements which would substantially duplicate the disclosure
      contained in the audited financial statements for 2007 as reported in the 2007
      Form 10K-SB have been omitted.





*Basic
      and Diluted Net Loss per Share*





The
      basic
      net loss per common share is computed by dividing the net loss by the weighted
      average number of common shares outstanding. Diluted net loss per common share
      is computed by dividing the net loss adjusted on an “as if converted” basis, by
      the weighted average number of common shares outstanding plus potential dilutive
      securities. For the quarters ended March 31, 2008 and 2007, potential dilutive
      securities had an anti-dilutive effect and were not included in the calculation
      of diluted net loss per common share. In January 2008, the Company affected
      a
      1:1000 reverse split, as well as doing the same thing on February 7, 2007 and
      a
      change in par value from $.001 per share to $.00001 per share. All shares and
      per share amounts for the quarters ended March 31, 2008 and 2007, have been
      restated to reflect the splits as if they had occurred on the first day of
      the
      first period presented.




**NOTE
      2 - MATERIAL EVENTS**





*Acquisitions*





On
      January 29, 2008, the Company signed an acquisition agreement to purchase a
      Portland, Oregon-based company named Teledigit Inc. The acquisition agreement
      is
      to purchase 100% of Teledigit Inc. in exchange for 800,000 shares of the
      Company’s series “E” Preferred Stock valued at $1.00 per share. The acquisition
      is scheduled to close by July 31, 2008, pending the completion of an
      audit.





*Reverse
      Split*





On
      January 21, 2008, the Company effected another 1000-to-1 reverse split. All
      shareholder equity accounts have been stated to reflect such stock split as
      of
      the earliest date presented in the financial statements.





*Name
      Change*





On
      January 18, 2008, the Company filed a Certificate of Amendment with the State
      of
      Nevada changing its corporate name to NW Tech Capital, Inc.





*Discontinued
      Operations*





On
      December 31, 2007, a separation agreement was reached between the Company and
      AireWire releasing AireWire back to its original state (before the acquisition)
      and returning $1,000,000 dollars worth of Series “C” stock back to the
      Company.




7


NW
        TECH
        CAPITAL, INC.
 (FORMERLY
        CYBERTEL CAPITAL CORPORATION)
 Notes
        to
        the Condensed Consolidated Financial Statements
 March
        31,
        2008 and December 31, 2007


**NOTE
      3 - GOING CONCERN**




As
      shown
      in the accompanying financial statements, for the three months ended March
      31,
      2008, NWTT incurred recurring net losses from continuing operations in the
      amount of $349,045 and has an accumulated deficit of $24,679,568 and a working
      capital deficit of $692,720 as of March 31, 2008. These conditions raise
      substantial doubt as to NWTT’s ability to continue as a going concern. The
      continued support of NWTT creditors, lenders and shareholders is required in
      order for NWTT to continue as a going concern. Management’s plans to support
      NWTT’s operations include cutting overhead costs, borrowing additional funds and
      raising additional capital. NWTT’s inability to obtain additional capital or
      obtain such capital on favorable terms could have a material adverse effect
      on
      its consolidated financial position, results of operations and its ability
      to
      continue operations. The financial statements do not include any adjustments
      that might be necessary if NWTT is unable to continue as a going
      concern.




**NOTE
      4 - NOTES PAYABLE**





All
      of
      the Company’s Notes Payables are short term convertible notes to shareholders
      with interest rates ranging from 8% to 12%.





As
      of the
      quarter ended March 31, 2008, the Company has four notes which may be converted
      into shares of the Company’s common stock based on 70% of the average of the
      lowest three closing bid prices in the past 20 trading days immediately
      preceding the conversion as long as such conversions do not exceed 4.99% of
      the
      then-outstanding common stock of the Company. As of March 31, 2008, three of
      these notes are not convertible until a later date. In relation to the
      convertible feature of these notes, a debt discount totaling $21,429 was
      calculated in accordance with EITF 00-27 and is being amortized over the life
      of
      the debenture. The amortization is being recorded as interest expense and
      totaled $21,429 for the quarter ended March 31, 2008 and for the period from
      inception to March 31, 2008. The embedded conversion option is also accounted
      for under EITF 00-19 and we have accounted for the embedded conversion option
      as
      a derivative liability. Accordingly, the embedded conversion option is marked
      to
      market through earnings at the end of each reporting period. The conversion
      option is valued using the Black-Scholes valuation model and totaled $48,914
      for
      the quarter. During
      the quarter, the noteholders converted a total of $27,624 of principal and
      interest payments. As
      of
      March 31, 2008, the balances of the four notes were $102,908.





As
      of the
      quarter ended March 31, 2008, the Company has two notes which may be converted
      into shares of the Company’s common stock based on 50% of the average of the
      lowest three closing bid prices in the past 20 trading days immediately
      preceding the conversion as long as such conversions do not exceed 4.99% of
      the
      then-outstanding common stock of the Company. In relation to the convertible
      feature of these notes, a debt discount totaling $25,000 was calculated in
      accordance with EITF 00-27 and is being amortized over the life of the
      debenture. The amortization is being recorded as interest expense and totaled
      $10,000 for the quarter ended March 31, 2008 and $25,000 for the period from
      inception to March 31, 2008. The embedded conversion option is also accounted
      for under EITF 00-19 and we have accounted for the embedded conversion option
      as
      a derivative liability. Accordingly, the embedded conversion option is marked
      to
      market through earnings at the end of each reporting period. The conversion
      option is valued using the Black-Scholes valuation model and totaled $109,297
      for the quarter. During
      the quarter, the note Holders converted a total of $27,548 of principal and
      interest payments. As
      of
      March 31, 2008, the balances of the two notes were $42,546.





As
      of the
      quarter ended March 31, 2008, the Company has one note which may be converted
      into shares of the Company’s common stock based on 75% of the average of the
      lowest three closing bid prices in the past 20 trading days immediately
      preceding the conversion as long as such conversions do not exceed 4.99% of
      the
      then outstanding common stock of the Company. In relation to the convertible
      feature of this note, a debt discount totaling $45,000 was calculated in
      accordance with EITF 00-27 and is being amortized over the life of the
      debenture. The amortization is being recorded as interest expense and totaled
      $13,722 for the quarter ended March 31, 2008 and for the period from inception
      to March 31, 2008. The embedded conversion option is also accounted for under
      EITF 00-19 and we have accounted for the embedded conversion option as a
      derivative liability. Accordingly, the embedded conversion option is marked
      to
      market through earnings at the end of each reporting period. The conversion
      option is valued using the Black-Scholes valuation model and totaled $53,452
      for
      the quarter. During
      the quarter, the note Holders converted a total of $11,309 of principal and
      interest payments. As
      of
      March 31, 2008, the balance of the note was $37,708.





As
      of the
      quarter ended March 31, 2008, the Company owes a related party $116,475, without
      interest.





8


NW
      TECH
      CAPITAL, INC.


(FORMERLY
      CYBERTEL CAPITAL CORPORATION)


Notes
      to
      the Condensed Consolidated Financial Statements


March
      31,
      2008 and December 31, 2007





The
      unaudited Chart below summarizes the Notes Payable mentioned in Note
      4:





**Terms**
            
            **Amount**
              **Unaudited****Short
                Term Notes Payable to Shareholders:**-10%
                interest; principal of $20,000; convertible to common stock based
                on 70%
                of average price commencing August 28, 2008; due on February 28,
                2009
            
            $
            20,000-10%
                interest; principal of $30,000; convertible to common stock based
                on 70%
                of average price commencing April 1, 2008; due on October 1,
                2008
            
            
            30,000-8%
                interest; principal of $27,087; convertible to common stock based
                on 70%
                of average price; due on December 31, 2008
            
            
            27,087-10%
                interest; principal of $30,000; convertible to common stock based
                on 70%
                of average price commencing June 20, 2008; due on December 20,
                2008
            
            
            30,000-12%
                interest; principal of $1,054; convertible to common stock based
                on 50% of
                average price; due on demand
            
            
            1,054-8%
                interest; principal of $41,493; convertible to common stock based
                on 50%
                of average price; due on demand
            
            
            41,493-12%
                interest; principal of $37,708; convertible to common stock based
                on 75%
                of average price; due on February 28, 2009; net of unamortized discount
                related to debt discount of $31,278
            
            
            6,430-No
                interest; principal of $116,475
            
            
            116,475**Total
                Short Term Notes Payable to Shareholders**
            
            $
            **272,539**




**NOTE
      5 - STOCK HOLDER’S EQUITY**





*Common
      Stock*





During
      the quarter ended March 31, 2008:





The
      Company issued a total of 6,550,000 shares of common stock for services valued
      at $112,430.





The
      Company issued a total of 8,926,899 shares of common stock for repayment of
      debt
      valued at $66,471.





*Preferred
      Stock*





During
      the quarter ended March 31, 2008:





Holders
      of the Company’s Series A preferred stock converted 80.47 shares of the Series A
      preferred stock and $59,819 of Series A dividends into 2,027,068 shares of
      the
      Company’s common stock.





The
      Company amended the Series B Preferred Stock by increasing the authorized shares
      from 50,000,000 shares to 100,000,000 shares with a par value of $0.00001 per
      share. The Company also added a conversion feature which allows shareholders
      of
      the Series B Preferred Stock to convert one share of Series B Preferred Stock
      into 25 shares of Common Stock upon request of the shareholder.





The
      President and CEO of the Company converted 800,000 shares of his Series B
      preferred stock into 20,000,000 shares of the Company’s common
      stock.





The
      Company designated a new series of preferred stock named the Series E Preferred
      Stock with 10,000,000 authorized shares and a par value of $0.00001. Each share
      of the Series E Preferred Stock is convertible to $1.00 of the Company’s common
      stock six months after issuance.





9


NW
        TECH
        CAPITAL, INC.
 (FORMERLY
        CYBERTEL CAPITAL CORPORATION)
 Notes
        to
        the Condensed Consolidated Financial Statements
 March
        31,
        2008 and December 31, 2007


**NOTE
      6 - DISCONTINUED OPERATIONS**





On
      December 15, 2007, the Company entered into a Mutual Separation Agreement (“the
      Separation Agreement”) with AireWire, Inc. (“AireWire”), effective December 31,
      2007. The Company and AireWire were parties to an acquisition agreement dated
      March 31, 2006 (the “Acquisition Agreement”). Both parties deemed it in their
      best interests to unwind the Acquisition Agreement. The Separation Agreement
      provided that the Company would return the 1,000,000 shares of AireWire’s common
      stock owned by the Company and that AireWire would return the 500,000 shares
      of
      the Company’s common stock owned by AireWire. On the effective date of the
      Separation Agreement, neither party had any obligation to the
      other.




In
      December 31, 2007, the Company recorded a loss from discontinued operations
      and
      recorded a gain on the disposition of this subsidiary. Prior
      year financial statements for 2007 have been reclassified to present the
      operations of AireWire as discontinued operations. There is no activity in
      the
      current year related to AireWire.





The
      following amounts, related to our AireWire business, have been segregated from
      Continuing Operations and included in Discontinued Operations ** in
      the
      Consolidated Statements of Operations:


**March
                31,****2008**
            
            **2007**Revenues
            
            $
            -
            
            $
            174,147Cost
                of goods sold
            
            
            -
            
            
            5,432Gross
                profit
            
            
            -
            
            
            168,715Operating
                expensesSelling,
                general and administrative
            
            
            -
            
            
            174,963Total
                operating expenses
            
            
            
            
            
            (174,963
            )Other
                Income (expense):Interest
                Expense
            
            
            -
            
            
            (1,263
            )Total
                other income
            
            
            -
            
            
            (1,263
            )Loss
                from discontinuing operations
            
            $
            -
            
            $
            (7,511
            )




**NOTE
      7 - ACQUISITIONS AND INVESTMENTS**





On
      January 29, 2008 the Company signed an acquisition agreement to purchase a
      Portland, Oregon-based company named Teledigit Inc. (“Teledigit”). The
      acquisition agreement is to purchase 100% of Teledigit in exchange for 800,000
      shares of the Company’s Series “E” Preferred Stock valued at $1.00 per share.





Teledigit
      is a locally owned and operated telecommunications company in the Pacific
      Northwest. Established in 1995, Teledigit bases its operations out of Portland,
      Oregon serving customers in the greater Portland Metropolitan/Vancouver, WA
      areas.  It provides installation and service for business voice needs,
      including key systems, PBX’s, voicemail, and cabling. Revenues for fiscal year
      2007, exceeded $1.7 million dollars. Currently, the Company is in the process
      of
      auditing the Teledigit books so that the acquisition agreement can be completed.
      The acquisition is still on schedule to be completed by July 31,
      2008.




**NOTE
      8 - RELATED PARTY TRANSACTIONS**





During
      the quarter ending March 31, 2008, the President and CEO of the Company
      converted 800,000 shares of his Series B preferred stock into 20,000,000 shares
      of the Company’s common stock.





10


NW
        TECH
        CAPITAL, INC.
 (FORMERLY
        CYBERTEL CAPITAL CORPORATION)
 Notes
        to
        the Condensed Consolidated Financial Statements
 March
        31,
        2008 and December 31, 2007


**NOTE
      9 - SUBSEQUENT EVENTS**





The
      Company issued a total of 3,500,000 shares of common stock for services valued
      at $11,950.





The
      Company issued a total of 6,406,110 shares of common stock for repayment of
      debt
      valued at $8,836.





Holders
      of the Company’s Series A preferred stock converted 11.29 shares of the Series A
      preferred stock into 6,988,000 shares of the Company’s common
      stock.





On
      April
      1, 2008, the Company signed a convertible promissory note for $25,000 with
      a 10%
      interest rate due March 31, 2009.





Effective
      April 17, 2008, the Company incorporated a new Hong Kong/China company named
“NW
      Tech Capital Group Limited” to engage in completing merger and acquisitions
      opportunities with private China companies.





Effective
      April 18, 2008, the Company designated a new series of preferred stock named
      the
“Series F Preferred Convertible Stock” to consist of 10,000,000 shares to be
      issued at $1.00 per share. The holders of the Series F Preferred Convertible
      Stock shall be entitled to receive annual dividends of 8% when and if declared
      by the Board of Directors and is convertible into shares of the Company’s Common
      Stock at any time after 6 months from date of issuance.





11





**Item
      2. Management’s Discussion and Analysis or Plan of
      Operation** .





**Overview**





*The
      following discussion and analysis should be read in conjunction with the
      Consolidated Financial Statements in the Form 10-KSB for the year ended December
      31, 2007 and the other financial data appearing elsewhere in this Form
      10-Q.*





*The
      information set forth in this Management's Discussion and Analysis of Financial
      Condition and Results of Operations ("MD&A") contains certain
      "forward-looking statements," including, among others (i) expected changes
      in
      the Company's revenues and profitability, (ii) prospective business
      opportunities and (iii) the Company's strategy for financing its business.
      Forward-looking statements are statements other than historical information
      or
      statements of current condition. Some forward-looking statements may be
      identified by use of terms such as "believes," "anticipates," "intends" or
      "expects." These forward-looking statements relate to the plans, objectives
      and
      expectations of the Company for future operations. Although the Company believes
      that its expectations with respect to the forward-looking statements are based
      upon reasonable assumptions within the bounds of its knowledge of its business
      and operations, in light of the risks and uncertainties inherent in all future
      projections, the inclusion of forward-looking statements in this report should
      not be regarded as a representation by the Company or any other person that
      the
      objectives or plans of the Company will be achieved.*





In
      light
      of these risks and uncertainties, there can be no assurance that actual results,
      performance or achievements of the Company will not differ materially from
      any
      future results, performance or achievements expressed or implied by such
      forward-looking statements. The foregoing review of important factors should
      not
      be construed as exhaustive. The Company undertakes no obligation to release
      publicly the results of any future revisions it may make to forward-looking
      statements to reflect events or circumstances after the date hereof or to
      reflect the occurrence of unanticipated events.




**Executive
      Overview**





NW
      Tech
      Capital, Inc. (the “Company,” “we,” “us,” or “our”), formerly Cybertel Capital
      Corporation, was originally organized for the primary purpose of engaging in
      all
      facets of the business comprising the telecommunications industry and was a
      provider of long-distance voice and data telecommunications.




On
      January 29, 2008, we signed an acquisition agreement to purchase a
      telecommunications company named Teledigit Inc. (“Teledigit”). Established in
      1995, Teledigit bases its operations out of Portland, Oregon, serving customers
      in the greater Portland Metropolitan/Vancouver, WA areas. Teledigit has had
      a
      progressive growth rate over the last several years. Its revenues for its last
      year exceeded $1.7 million. Teledigit provides installation and service for
      business voice needs, including key systems, PBX’s, voicemail, and cabling. The
      acquisition agreement is to purchase 100% of Teledigit in exchange for 800,000
      shares of our Series “E” stock worth $1.00 per share. Currently we are in the
      process of auditing the Teledigit books so that the acquisition agreement can
      be
      completed. The acquisition is still on schedule to be completed by July 31,
      2008.





We
      also
      are actively involved in identifying other companies in the telecommunications
      industry for acquisition or strategic partnerships. These companies may be
      providers of long distance service, Voice over Internet Protocol providers,
      consulting companies, prepaid service companies, network management operations,
      or other companies in the telecommunication arena.





We
      also
      are looking into acquisition possibilities and funding from China. Subsequent
      to
      the quarter ending March 31, 2008, we incorporated
      a new Hong Kong/China company named “NW Tech Capital Group Limited” to engage in
      completing merger and acquisitions opportunities with private China
      companies.




We
      currently have insufficient funds to operate our business according to our
      proposed business plan. In addition, if unanticipated expenses, problems, and
      difficulties occur which result in material delays in the development of our
      products, we will not be able to operate within our budget. If we do not operate
      within our budget, we will require additional funds to continue our business.
      We
      may not be able to obtain additional financing as needed, on acceptable terms,
      or at all, which would force us to delay our plans for growth and implementation
      of our strategy, which could seriously harm our business, financial condition,
      and results of operations. If we need additional funds, we may seek to obtain
      them primarily through stock or debt financings. Those additional financings
      could result in dilution to our stockholders.




12




**Recent
      Developments**





On
      January 21, 2008, we effected a 1000-to-1 reverse split of our common stock.
      All
      shareholder equity accounts have been stated to reflect the stock splits and
      change in par value as of the earliest date presented in the financial
      statements.





On
      January 18, 2008, we filed a Certificate of Amendment with the State of Nevada
      changing our corporate name to “NW Tech Capital Inc.”




In
      January 2008, we entered into a purchase agreement with Teledigit Inc.
      (“Teledigit”) a Portland, Oregon-based telecommunications sales and service
      company. Teledigit has been in business since 1996 and has shown progressive
      growth each year for the past 10 years. Teledigit does a wide range of business
      for a national dental company which has locations all across the United States,
      supplying everything from new phone systems to servicing old systems and
      engineering wiring for new offices.





On
      December 31, 2007, a separation agreement was reached between the Company and
      AireWire Inc., releasing AireWire back to its original state (before the
      acquisition) and returning $1,000,000 dollars worth of Series “C” stock back to
      us.




**Critical
      Accounting Policies**





*Accounting
      for Convertible Securities with Beneficial Conversion Features or Contingently
      Adjustable Conversion Ratios.*




We
      carry
      notes with a convertible feature embedded and accounted for them under the
      Financial Accounting Standards Board’s Emerging Issues Task Force (“EITF”) 00-27
      and 00-19.




EITF
      00-27 requires us to calculate the fair value of stock-based embedded convertible
      feature in notes as a debt discount, also known as a beneficial conversion
      feature, or “BCF.” The convertible notes allow the note holder to convert the
      note into common shares of us at a specified discounted rate. The
      value
      of the debt discount is calculated on the date of the note issuance using the
      intrinsic value method. Essentially, the debt discount equates to the difference
      between the note and the fair market value of the stocks if the entire note
      were
      to be converted. The debt discount is expensed as interest ratably on a
      straight-line basis over the requisite service period.




EITF
      00-19 requires the use
      of a
      valuation model to calculate the fair value of the embedded convertible feature
      in the notes. The Company uses the Black-Scholes model, or “BSM,” to calculate
      the fair value of the embedded convertible feature. The BSM incorporates various
      assumptions including expected volatility, expected life, and interest
      rates. The expected volatility is based on the historical volatility of our
      common stock. We base our expected life assumption on its historical experience
      and on the terms and conditions of the notes. Accordingly,
      the embedded conversion feature is marked to market through earnings at the
      end
      of each reporting period and reported as a derivative liability.




**Results
      of Operations for the Three Months Ended March 31, 2008**





We
      generated a net loss of $349,045 for the quarter ended March 31, 2008, compared
      to $152,158 for the same quarter in 2007. The increase in net loss was primarily
      due to an increase in interest expense, change in the value of the derivative
      liability in accordance with EITF 00-19, and an increase in selling and
      administrative expenses. The increase in interest expense consists largely
      of
      the amortization of the beneficial conversion feature, or BCF, as calculated
      in
      accordance with EITF 00-27. The amortization of the BCF and the change in value
      of the derivative liability are non -cash
      expenses that make up a large sum of our expenses.





We
      did
      not generate any revenues from Continuing Operations for the quarter ending
      March 31, 2008 nor did we generate any revenues from Continuing Operations
      for
      the corresponding period in 2007. During the same period in 2007, we had a
      $7,500 loss from Discontinued Operations.





Selling,
      general, and administrative costs were $217,644 during the three months ended
      March 31, 2008, as compared to $137,168 for the corresponding period in 2007.
      This increase was primarily due to stock for services expense.




***Liquidity
      and Capital Resources***





During
      the three-month period ended March 31, 2008, cash used by operations was
      $27,150. We intend to continue to search for ways to expand our business through
      new service contracts and by continuing to search for new acquisitions. We
      anticipate that we will incur smaller losses in the future if we are able to
      expand our business and the marketing of our products and services now offered.
      The losses will continue until the excess of operation and marketing expenses
      is
      overcome by the increase in revenue from operations.




13




During
      the three months ended March 31, 2008, we incurred a net loss of $349,045,
      had
      cash used for operations of $27,150, and cash provided by financing activities
      was $20,000. All of these proceeds were used to fund operations. We continue
      to
      seek short-term financing through debt and equity financing and are also seeking
      long-term financing through debt and/or equity financing through a private
      placement or a retail offering of our common stock.





In
      order
      to execute our business plan, we will need to acquire additional capital from
      debt or equity financing. Our independent certified public accountants have
      stated in their report for the year-end that there is a substantial doubt about
      our ability to continue as a going concern. In the absence of significant
      revenue and profits, we will be completely dependent on additional debt and
      equity financing arrangements. There is no assurance that any financing will
      be
      sufficient to fund our capital expenditures, working capital and other cash
      requirements for the fiscal year ending December 31, 2008. We cannot assure
      you
      that any such additional funding will be available or that, if available, can
      be
      obtained on terms favorable to us. If we are unable to raise needed funds on
      acceptable terms, we will not be able to execute our business plan, develop
      or
      enhance existing services, take advantage of future opportunities or respond
      to
      competitive pressures or unanticipated requirements. A material shortage of
      capital will require us to take drastic steps such as further reducing our
      level
      of operations, disposing of selected assets or seeking an acquisition partner.
      If cash is insufficient, we will not be able to continue operations.





***Off-Balance
      Sheet Transactions***




There
      are
      no off-balance sheet transactions.




***Material
      Commitments***





As
      of the
      date of this Quarterly Report, we do not have any material commitments that
      are
      not reflected as liabilities on our consolidated balance sheet included
      elsewhere in this report, nor does management anticipate any further material
      commitments within the next twelve months.




**Item
      3. Quantitative and Qualitative Disclosures about Market
      Risk.**





Not
      Applicable.




**Item
      4. Controls and Procedures.**





As
      of the
      end of the period covered by this Quarterly Report, we carried out an
      evaluation, under the supervision and with the participation of our Chief
      Executive Officer and Chief Financial Officer of the effectiveness of our
      disclosure controls and procedures. Based on this evaluation, our Chief
      Executive Officer and Chief Financial Officer concluded that, as of the end
      of
      such period, our disclosure controls and procedures are effective to provide
      reasonable assurance that the information required to be disclosed by the
      Company in the reports that it files or submits under the Securities and
      Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed,
      summarized and reported, within the time periods specified in the SEC’s rules
      and forms. It should be noted that the design of any system of controls is
      based
      in part upon certain assumptions about the likelihood of future events, and
      there can be no assurance that any design will succeed in achieving its stated
      goals under all potential future conditions, regardless of how remote.





In
      addition, we reviewed our internal controls over financial reporting, and there
      have been no changes in our internal controls over financial reporting in the
      last fiscal quarter that has materially affected or is reasonably likely to
      materially affect our internal control over financial
      reporting.




14




**PART
      II - OTHER INFORMATION**


**Item
      1. Legal Proceedings.**





Except
      as
      indicated below, the Company is not a party to any pending legal proceeding.
      To
      the knowledge of management, no federal, state or local governmental agency
      is
      presently contemplating any proceeding against the Company. No director,
      executive officer or other person who may be deemed to be an “affiliate” of the
      Company or owner of record or beneficially of more than five percent of its
      common stock is a party adverse to the Company or has a material interest
      adverse to the Company in any proceeding.




(1)
       On or about January 25, 2002, Prudential Home Building Investors, Inc., a
      New Jersey corporation (“Prudential”), filed a complaint against the Company in
      the Superior Court of California, County of San Diego, and Central Division.
      The
      case was designated Case No. GIC 782069, and sought damages in the amount of
      $32,000 for unpaid rent due on the Company’s former La Jolla, California
      facility for the period of September, 2001, through December, 2001, when the
      lease terminated. The Company has accrued this expense and expects no additional
      cost or expense upon settlement of this case.




(2)
       On March 2, 2006, Epstein, Fitzsimmons, Brown, Gioia, Jacobs &
Sprouls, P.C., obtained a $15,000 default judgment against the Company in the
      Superior Court of New Jersey for Morris County. The Company expects no
      additional cost or expense upon settlement of this case.





**Item
      1A. Risk Factors**




There
      have been no material changes from the Risk Factors described in our Annual
      Report on Form 10-KSB for the fiscal year ended December 31, 2007.




**Item
      2. Unregistered Sales of Equity Securities and Use of
      Proceeds.**





The
      following table indicates all sales of unregistered securities by NWTT during
      the quarterly period ended March 31, 2008:




Name
                of Purchaser
            
            Date
            
            No.
                of Shares ofCommon
                Stock
            
            TypeEdify
                Capital Corp
            
            01/03/08
            
            27,068
            
            Conversion
                of Series A Preferred StockMajestic
                Safe-T Products
            
            01/25/08
            
            1,028,800
            
            Conversion
                of DebtJames
                Wheeler
            
            01/25/08
            
            20,000,000
            
            Conversion
                of Series B Preferred StockRoger
                Ettore
            
            01/29/08
            
            280,375
            
            Conversion
                of DebtBellacloud
            
            01/31/08
            
            205,780
            
            Conversion
                of DebtBellacloud
            
            02/18/08
            
            714,286
            
            Conversion
                of DebtExecutive
                Management Services
            
            03/03/08
            
            1,170,515
            
            Conversion
                of DebtBellacloud
            
            03/06/08
            
            857,143
            
            Conversion
                of DebtRoger
                Ettore
            
            03/06/08
            
            500,000
            
            Conversion
                of DebtMajestic
                Safe-T Products
            
            03/14/08
            
            1,000,000
            
            Conversion
                of Preferred A DividendsEdify
                Capital Group
            
            03/14/08
            
            1,000,000
            
            Conversion
                of Series A Preferred StockBellacloud
            
            03/25/08
            
            1,000,000
            
            Conversion
                of DebtRoger
                Ettore
            
            03/26/08
            
            1,570,000
            
            Conversion
                of DebtExecutive
                Management Services
            
            03/31/08
            
            1,600,000
            
            Conversion
                of Debt




15




Management
      believes each of the foregoing persons or entities was either an "accredited
      investor," or "sophisticated investor" as defined in Rule 501 of Regulation
      D
      promulgated under the Securities Act of 1933, as amended (the “Act”). Each such
      person or entity had access to all material information about NWTT prior to
      the
      offer, sale or issuance of these "restricted securities." Management believes
      that these shares were exempt from the registration requirements of the Act,
      pursuant to Section 4(2) thereof.





**Item
      3. Defaults upon Senior Securities.**





None .





**Item
      4. Submission of Matters to a Vote of Security Holders.**





None.




**Item
      5. Other Information.**





None.





**Item
      6. Exhibits.**




Exhibit
                No.
            Description





4.1
            Amendment
                of Designation After Issuance of Class of Series B Preferred Super
                Voting
                Convertible Preferred Stock, filed with the Secretary of State of
                the
                State of Nevada on January 24,
                2008.





4.2
            Certificate
                of Designation for Series E Convertible Preferred Stock, filed with
                the
                Secretary of State of the State of Nevada on January 24,
                2008.





4.3
            Certificate
                of Designation for Series F Convertible Preferred Stock, filed with
                the
                Secretary of State of the State of Nevada on April 21,
                2008.





31.1
            Certification
                of Chief Executive Officer and Chief Financial Officer, James A.
                Wheeler,
                pursuant to Rules 13a-14(a) and 15d-14(a) of the Exchange
                Act.




32.1
            Certification
                of Chief Executive Officer and Chief Financial Officer, James A.
                Wheeler,
                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
                906 of
                the Sarbanes-Oxley Act of 2002.





16




**SIGNATURES**





In
      accordance with the requirements of the Exchange Act, the registrant caused
      this
      report to be signed on its behalf by the undersigned, thereunto duly
      authorized.




NW
                TECH CAPITAL, INC.Dated:
                May 14, 2008
            By:
            /s/ James
              A.
              WheelerJames
                A. Wheeler
              CEO,
                CFO, President and Director




17





**EXHIBIT
      INDEX**





Exhibit
                No.
            Description





4.1
            Amendment
                of Designation After Issuance of Class of Series B Preferred Super
                Voting
                Convertible Preferred Stock, filed with the Secretary of State of
                the
                State of Nevada on January 24,
                2008.





4.2
            Certificate
                of Designation for Series E Convertible Preferred Stock, filed with
                the
                Secretary of State of the State of Nevada on January 24,
                2008.





4.3
            Certificate
                of Designation for Series F Convertible Preferred Stock, filed with
                the
                Secretary of State of the State of Nevada on April 21,
                2008.





31.1
            Certification
                of Chief Executive Officer and Chief Financial Officer, James A.
                Wheeler,
                pursuant to Rules 13a-14(a) and 15d-14(a) of the Exchange
                Act.




32.1
            Certification
                of Chief Executive Officer and Chief Financial Officer, James A.
                Wheeler,
                pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section
                906 of
                the Sarbanes-Oxley Act of 2002.





18