OKLAHOMA CITY, Dec. 19, 2013 /PRNewswire/ -- Enerlabs, Inc. (OTC pink:ENLB) today announced that the company has reached verbal agreements to merge with four companies.
One of the companies manufactures and sells a variety of chemicals and products.
The other three companies are energy and environmental testing laboratories.
The combined annual revenue of the four companies is approximately $30,000,000.
The merger of the four companies, which is expected to take place in early 2014, is subject to the execution of definitive agreements and the approval of the merger by the shareholders of these companies.
More specific information regarding the pending merger will be announced at a later date.
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. 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.