SOURCE: Textechnologies, Inc.

January 18, 2008 10:50 ET

TXTG Makes Announcement

WASHINGTON, DC--(Marketwire - January 18, 2008) - The Board of Textechnologies, Inc. (PINKSHEETS: TXTG) has decided against its earlier reported plans to acquire, their previously signed Letter of Intent having been withdrawn. This decision was predicated upon multiple factors including a final analysis of Inc.

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"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward-looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward looking statement to reflect changes in the Company's expectations or future events.

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