SOURCE: Drayton Harbor Resources, Inc.

November 18, 2008 08:00 ET

Drayton Harbor Resources Signs LOI With Software Developer You.i Labs

CARSON CITY, NV--(Marketwire - November 18, 2008) - Drayton Harbor Resources, Inc. (OTCBB: DHBR) ("Drayton" or the "Company") is pleased to announce it has entered into a Letter of Intent ("LOI") with You.i Labs ("You.i") of Ottawa, Ontario, Canada.

Under the terms of the LOI, Drayton intends on entering into a Development Services Agreement ("DSA") under which You.i Labs will develop certain mobile content creation and delivery solutions for the company and associated intellectual property. Both parties have agreed in principal to enter into a Definitive Agreement on or before November 30th, 2008.

Further specifics outlining the agreements between both parties can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database.

About You.i Labs (www.youilabs.com)

You.i Labs is a privately held software company working at the intersection of gaming, art, mobility, mathematics, man-machine interaction, and software design. The Company is reinventing how people interact with, control, and are entertained by mobile handsets and consumer electronics. The Company is working with some of the world's leading consumer electronics, mobile device, and mobile software vendors to create immersive and imaginative 2D/3D graphical user interfaces -- interfaces that extend the machine and unite the user. The Company's GUI engines and related input and control products allow device designers and manufacturers to rapidly develop and deploy novel GUIs for resource-constrained hardware platforms. Utilizing You.i Labs products allow developers and manufacturers to create visually stunning, content-driven graphical user interfaces, shorten and simplify the design and development cycle, and, most importantly, increase market attraction and traction for their product sales.

Notice Regarding Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding development and exploration activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Drayton to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Drayton Harbor Resources, Inc. or any affiliates, has little or no control. Risks, uncertainties and other factors are discussed in documents filed from time to time by Drayton with the Securities Exchange Commission. There is no assurance that Drayton's expectations will be realized, and actual results may differ materially from those expressed in the forward-looking statements.

Contact Information

  • Per Drayton Harbor Resources, Inc.

    For more information contact:
    Boundary Point Investor Relations, Inc.
    Toll Free: 888-729-3427 (DHBR)