JENSEN BEACH, Fla., March 26 /PRNewswire-FirstCall/ -- Storm Depot
announced that it has opened its first Retail Hurricane Protection Outlet
in Jensen Beach, Florida. The store is the first of a planned 12 store
chain to be in place before the start of the 2007 Hurricane season. The
company stated that its planned stores will be located through out the
Treasure Coast, encompassing Martin, St. Lucie and Indian River Counties,
and will also be located in Palm Beach County. The 12 stores will sell a
wide selection of hurricane shutters, hardware and related materials which
are all approved under the Florida Building Code.
Each store is expected to contribute $550,000-$900,000 in revenue. The
company stated that each store will offer installation services through
Hurricane season starts June 1 and ends November 30 with the peak of
the season being the August - September period. Dr. William M. Gray of the
Colorado State University Department of Atmospheric Science, issued his
first forecast for 2007 on December 8, 2006. The forecast calls for an
above average hurricane season with 14 named storms, 7 hurricanes and 3
intense hurricanes. He has also called for a 25% higher chance of landfall
occurring in Florida than the historical average. According to the
University of Colorado's Forecast team, 2007 will be an above average year
for hurricane activity. Their report states, "We foresee an above-average
Atlantic basin tropical cyclone season in 2007. We anticipate an
above-average probability of United States major hurricane landfall."
On March 14, 2007 Techlabs, Inc. (OTC Bulletin Board: TELA) announced
that it had agreed in principle to acquire Storm Depot International from
Eline Entertainment (Pink Sheets: EEGI)
Techlabs(OTC Bulletin Board: TELA) is a developer of emerging
businesses. The Company's primary focus is centered on developing business
opportunities in the Caribbean basin and South America, including its
planned acquisition of a minimum of a 51% interest in Venezuelan-based
Corporacion SportAlum C.A, which specializes in the fabrication, sale and
installation of sport seating solutions for stadiums, arenas and other
sports and entertainment facilities around the world.
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.
SOURCE Techlabs, Inc.