SOURCE: Techlabs, Inc

March 11, 2008 09:21 ET

Techlabs' Sirenas Resorts Subsidiary Identifies First Affiliate Program Member

JENSEN BEACH, FL--(Marketwire - March 11, 2008) - Techlabs, Inc. (PINKSHEETS: TCHL) reported that its Sirenas Resorts subsidiary has identified the first member of its affiliate program. The company's recently announced affiliate program was initiated in order to allow the company to refer its patrons to other "Fantasy Vacation" experiences when the patron cannot be accommodated in a Sirenas micro resort, much like a Five Star Hotel referring its customers to another property when their hotel is full or otherwise has no availability and the vacation dates of the guest are not adjustable. Additionally the program will allow Sirenas to derive additional revenue via placement fees paid by the affiliate.

In addition, representatives of the company and the affiliate member completed a due diligence trip to the Puerto Plata area of the Dominican Republic over the past week and are evaluating several properties for the Dominican location. The micro resort property in the Dominican Republic will be operated as a joint venture between Sirenas and the affiliate.

The Dominican Republic is situated on the eastern part of the second-largest island in the Greater Antilles, Hispaniola, and is easily accessible by direct flights from major cities in the United States, including Atlanta, Miami and New York, as well as from Europe and other locations in the Caribbean region. According to the World Tourism Organization, the Dominican Republic is the Caribbean's number one tourist destination. The Dominican Republic is considered one of the world's premier destinations for golf, with over 22 courses designed by the industry's most famous names, including Robert Trent Jones, Pete Dye, Jack Nicklaus, Gary Player and Tom Fazio, and various water sports as well. The country also boasts 19 national parks, six scientific reserves, 32 natural monuments, 15 natural reserves, two marine sanctuaries and nine protected parcels of islands. Four of the tallest peaks in the Caribbean are here, the highest of which is Pico Duarte at 10,128 feet above sea level. The country's unspoiled beaches, fishing, whale-watching, spas and casinos will please the most discriminating traveler.

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 unique properties and utilize them to their highest and best use. An example is its specialty micro resort approach catering to various themes from total relaxation, to sports such as wind surfing and kiting. Most notable is the development of all-inclusive Caribbean micro-resort erotic fantasy island vacation packages. The company's unique vacation packages offer travelers in the 35+ age demographic an intimate personal experience in a party environment.

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

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

  • Contact:
    Techlabs, Inc.
    (267) 350-9210