SOURCE: Let's Talk Recovery, Inc.

October 31, 2006 09:45 ET

Let's Talk Recovery, Inc. Announces Joint Venture Agreement to Operate Recovery Facility

BEVERLY HILLS, CA -- (MARKET WIRE) -- October 31, 2006 -- Let's Talk Recovery, Inc. (PINKSHEETS: LKRV) announced today that the company has entered into a joint venture agreement to operate and manage the Laguna Beach Recovery Center, a unit of Laguna Beach Recovery, Inc.

Under the terms of the Joint Venture Agreement with Laguna Beach Recovery, Inc., LKRV shall manage the facility for three years, renewable annually thereafter. LKRV will provide a wide range of operational and managerial services such as: marketing the facility to the community, managing the operations of the facility, managing all employee and contractor relations, services and performance, engaging the services of a medical director and staff, and ensuring compliance with local, state and federal regulations and codes.

The three-year Agreement, which commences on November 1st, provides for revenue, profit and business asset sharing between LKRV and Laguna Beach Recovery, Inc. Michael A. Mische, CEO & President of LKRV, had this to say, "LKRV is very excited by this joint venture with Laguna Beach Recovery, Inc. The Agreement represents another milestone accomplishment for LKRV and its shareholders as it marks our entrance into the facility management marketplace. We expect positive cash flow and an accretive effect on earnings per share sometime in the second quarter of 2007, pending licensing and permit approval."

Under the Agreement, LKRV will operate the facility using its proprietary treatment programs, which integrate industry proven methods into effective and customized treatment protocols for those suffering from addictions.


Let's Talk Recovery, Inc. (PINKSHEETS: LKRV) is a publicly traded company offering dynamic, socially responsible solutions to the rapidly growing recovery community. Targeting multiple addictions across all segments of the population, Let's Talk Recovery, Inc. specializes in developing content-rich, realistic, accurate, technologically advanced and highly customizable products and services designed to effectively help addicts, the healthcare profession and society to successfully recover.

Let's Talk Recovery, Inc. is organized into four distinct operating units: LTR Media Group -- including the LTR Radio Program, the LTR Radio Network, and other related media including television, print, and internet; LTR Operations Group -- including Facilities Acquisition, Ownership, Management and Shared Service Operations; LTR Services Group -- including Operational Consulting, Intervention Services and Seminar/Speaker Services; and LTR Educational Group -- including Educational Content Development, Recovery Practitioner's Network (RPN), Custom Programming and LTR University.

For more information about Let's Talk Recovery, Inc. please visit: or which also links to the company's corporate website.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Let's Talk Recovery, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

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