SOURCE: Techlabs, Inc.

April 29, 2008 08:38 ET

Techlabs to Create Subsidiary to Develop Nutrient Enhanced Water Beverage Line and Signs Letter of Intent for Licensing

JENSEN BEACH, FL--(Marketwire - April 29, 2008) - Techlabs, Inc. (PINKSHEETS: TCHL) reported that it intends to establish a new subsidiary and acquire a license to develop, manufacture and distribute an enhanced organic water beverage.

The Company has signed a letter of intent to acquire a license from the owner of the patent(s) (US Patent #6,855,358 B1) and possesses the trade secrets necessary to manufacture a "cold filled" nutrient enhanced water product. The Company intends enter into a definitive agreement upon the completion of the due diligence process.

About Techlabs, Inc.

Techlabs ( www.techlabsinc.net) is primarily engaged in the development of opportunities in the travel, leisure and entertainment industries, with a particular focus on emerging opportunities in the Spanish-speaking markets, including the Caribbean basin and South America. The Company seeks to acquire undervalued unique properties and assets utilizing them to their highest and best use via innovative concepts.

This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events or results to differ materially from those projected in the forward-looking statements as a result of various factors, including those set forth in Techlabs, Inc.'s filings with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Techlabs, Inc. undertakes no obligation to update such statements.

Contact Information

  • For further information regarding the company, contact:
    Techlabs, Inc.
    (267) 350-9210