Thoroughbred Capital Inc.
TSX VENTURE : TBC.P

July 30, 2012 13:56 ET

Thoroughbred Capital Inc. Announces Termination of Letter of Intent to Acquire Innovative Labs LLC

OTTAWA, ONTARIO--(Marketwire - July 30, 2012) -

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Thoroughbred Capital Inc. ("TBC" or the "Corporation") (TSX VENTURE:TBC.P), a Capital Pool Company, announces that, further to its press release dated December 30, 2011 announcing the entering into of a letter of intent (the "LOI") with Innovative Labs LLC ("INO") to acquire all of the issued and outstanding securities of INO, the parties have mutually agreed to terminate the LOI and their respective obligations thereunder.

TBC Common Shares are expected to resume trading on the TSX Venture Exchange effective August 1, 2012.

The TSXV has neither approved nor disapproved the contents of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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