SOURCE: Laural Resources, Inc.

June 11, 2010 09:30 ET

Laural Resources Announces Acquisition Agreement LOI With Abtech Industries

PHOENIX, AZ--(Marketwire - June 11, 2010) -  Laural Resources, Inc. (OTCBB: LRAL) (the "Company") is pleased to announce that effective June 4th it has entered into a Letter of Intent (the "LOI") with Abtech Industries, Inc., a Delaware corporation ("Abtech"), whereby the Company proposes to acquire all of the issued and outstanding capital stock of Abtech.

Abtech is an environmental technologies firm dedicated to providing innovative solutions to communities and industry addressing issues of water pollutants and contamination and its products are based on polymer technologies capable of removing hydrocarbons, sediment and other foreign elements from still (ponds, lakes and marinas) or flowing water (curbside drains, pipe outflows, rivers and oceans). For more information please visit:

Under certain non-binding terms of the LOI, the parties agree to act towards entering into a definitive agreement by June 25, 2010. At the closing of the Transaction, Abtech will become a wholly-owned subsidiary of the Company and the board of directors and management of Abtech will become the board of directors and management of the Company. The LOI further provides that the definitive agreement would contain customary representations and warranties, covenants and a number of conditions to closing.

Details of the company's business, finances, appointments and agreements 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.

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Laural Resources, Inc.
Mandi Luis, President

Contact Information

  • Investor Relations:
    Phone: +1 (480) 320-4738
    Email: Email Contact