SOURCE: Techlabs, Inc.

March 27, 2008 11:09 ET

Techlabs, Inc. Increases Stake in the, Inc.

JENSEN BEACH, FL--(Marketwire - March 27, 2008) - Techlabs, Inc. (PINKSHEETS: TCHL) reported today that in conjunction with its investment in that it had obtained a NOBO list of reflecting outstanding shares of 1,261,170,486.

Techlabs further announced it had redeemed 89,677,838 shares of from shareholders in private transactions, raising its ownership to approximately 14%.

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About Techlabs, Inc.

Techlabs is primarily engaged 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 such as its specialty micro resort approach catering to various themes from total relaxation, to sports such as wind surfing and kiting.

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.