Techlabs, Inc. Announces Ten-for-One Forward Split
May 16 2007 - 10:44AM
PR Newswire (US)
JENSEN BEACH, Fla., May 16 /PRNewswire-FirstCall/ -- Techlabs, Inc.
(OTC Pink Sheets: TELA.PK) today announced today that its Board of
Directors has declared a ten-for-one forward stock split of its
issued and outstanding common stock. The record date for the
forward split will be May 31, 2007 and the anticipated effective
date will be June 1, 2007. Techlabs will provide supplemental
information as to the new CUSIP number as the effective date of the
forward stock split nears. Techlabs is a developer of emerging
businesses. The Company recently reported that it reached an
agreement in principle to license the Storm Depot International
name logo and related materials from Eline Entertainment Group,
Inc. (Pink Sheets: EEGI). This agreement represents the development
of a business strategy whereby Techlabs, Inc. through a wholly
owned subsidiary, will begin to market the Storm Depot concept
through a franchise system. For further information regarding the
company, contact Techlabs, Inc. at (267) 350-9210. This press
release contains forward-looking statements, some of which may
relate to Techlabs, Inc. and which involve numerous risks and
uncertainties. Actual results, performance or achievements could
differ materially from those anticipated in such forward-looking
statements as a result of certain factors, including those set
forth in Techlabs, Inc.'s filings with the Securities and Exchange
Commission. DATASOURCE: TechLabs, Inc. CONTACT: Techlabs, Inc.,
+1-267-350-9210
Copyright