SOURCE: Mezey Howarth Racing Stables

June 25, 2008 08:00 ET

Mezey Howarth Racing Stables Announces LOI to Acquire ABTTC, Inc., Adding $4,000,000 in Revenue to Company

SAN CLEMENTE, CA--(Marketwire - June 25, 2008) - Mezey Howarth Racing Stables, Inc. (OTCBB: MZYH) is pleased to announce that the Company has entered into a letter of intent (LOI) with ABTTC, Inc.

This proposed acquisition would give the Company almost immediate revenue of approximately $4 million per year. The purchase price is 2.85 times gross revenue of ABTTC. The gross revenue number shall consist of the preceding 12 months of revenue and be based on the final audited number. The shareholders of ABTTC, Inc. (A Better Tomorrow) shall receive $1,750,000 in Common Shares of Mezey Howarth Racing Stables at $.01 per share. Additionally, the ABTTC shareholders will receive the remaining amount in Preferred Stock.

A Better Tomorrow is a Murrieta, Calif.-based drug, alcohol and gambling treatment center with a wide range of programs, including pain management and treatment for addiction to prescription drugs. Its website is www.abttc.com. The company's revenues were approximately $4,000,000 in 2007.

Established in 2004, A Better Tomorrow is accredited by the Commission on Accreditation of Rehabilitation Facilities (CARF), placing it in the top 5 percent of drug and alcohol treatment centers in California. CARF accreditation also enables A Better Tomorrow's 28-day residential and outpatient treatment programs to be covered by most major insurance carriers. Financing is also offered to clients with strong credit histories.

A Better Tomorrow draws a diverse client mix from California, Nevada and Arizona. The clinic also generates a steady stream of clients from across the country who are referred to A Better Tomorrow by A Positive Outcome, the company's professional intervention service division. A Better Tomorrow also has bilingual therapists who provide treatment to Spanish-speaking patients.

The deal is expected to close on or before August 1, 2008. ABTTC, Inc. has begun the audit process and it is expected to be completed shortly. The Company will file pro forma financials within 75 days of the close date. A shareholder meeting will be held on July 7, 2008 to ratify the LOI and a proposed name change.

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995:

This press release contains, and Mezey Howarth Racing Stables may from time to time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Mezey Howarth Racing Stable's control that could cause actual results to differ materially from such statements. In particular, statements using words such as "may," "should," "estimate," "expect," "anticipate," "intend," "believe," "predict," "potential," or words of similar import generally involve forward-looking statements.