Microlab Online Inc.

January 18, 2010 16:50 ET

Microlab Enters Into Letter of Agreement

TORONTO, ONTARIO--(Marketwire - Jan. 18, 2010) - Microlab Online Inc. (CUB:MCLB), reports that after the year end, the company entered into a letter of agreement to acquire a new Ontario and Michigan based producer and supplier of mobile asset platforms in a share exchange that is intended to constitute a reverse takeover transaction. The transaction is subject to completion of definitive agreements, appropriate shareholder approvals, and approval for listing of the combined entity. There is no assurance a listing application will be approved. It is unknown at this time if or when the transaction will close.

Investors are cautioned that, except as disclosed in the Management Information Circular or Filing Statement to be prepared in connection with the transaction, any information released or received with respect to the reverse takeover may not be accurate or complete and should not be relied upon. Trading in the securities of Microlab Online Inc. should be considered highly speculative.

No exchange or regulating authority has neither approved nor disapproved the contents of this press release.

Microlab Online Inc. has 16,592,500 outstanding common shares.

Contact Information

  • Microlab Online Inc.
    A. G. Dragone
    (416) 447-4884
    (416) 447-8868 (FAX)