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Last updated on April 17, 2014 at 21:23 EDT

Enerlabs Signs Agreement to Purchase 1st Laboratory

March 7, 2013

OKLAHOMA CITY, March 7, 2013 /PRNewswire/ — Enerlabs, Inc. (OTC Pink: ENLB), an energy & environmental laboratory company, announced today that it has signed an Asset Purchase Agreement to acquire an energy and environmental testing laboratory in California for $2,250,000.00. Subject to financing, closing is anticipated within the next 90 days. This laboratory is a full service analytical laboratory with 25 employees serving the areas and industries of petrochemical, petroleum products, refinery, manufacturing, wine manufacturing, agricultural and environmental.

Further announcements will be forthcoming.

About Enerlabs, Inc.
The management of Enerlabs, Inc. has 25 years of experience working with public companies in the energy sector. We are currently negotiating to combine our public resources with established laboratories that have experienced personnel, up-to-date equipment and a history of providing reliable service to their clients. Our strategy is to gain certain advantages through networking the laboratories that participate such as, volume discount purchasing, shared software, combined accounting, group insurance and cross-over sales. We look forward to initiating this business plan in 2013. Please visit Enerlabs, Inc.’s website at www.enerlabsinc.com.

Safe Harbor for Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause Enerlabs’ actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, Enerlabs expressly disclaims any intent or obligation to update any forward-looking statements

SOURCE Enerlabs, Inc.


Source: PR Newswire