Enerlabs Signs Agreement to Purchase 2nd Laboratory

May 09, 2013, 11:34 ET from Enerlabs, Inc.

OKLAHOMA CITY, May 9, 2013 /PRNewswire/ -- Enerlabs, Inc. (OTC pink:ENLB), an energy & environmental laboratory company, announced today that it has signed an Asset Purchase Agreement to acquire a 2nd testing laboratory for $3,400,000.00. Subject to financing, closing is anticipated within the next 90 days.

This laboratory, headquartered in Oklahoma, is a full service environmental testing lab with offices in Oklahoma City, OK and Dallas, TX.  Their management has over 50 years of experience as laboratory analysts and managers.  The lab opened in 2000 with a focus on providing environmental consulting/engineering, governmental, and industrial clients with reliable and comprehensive organic and inorganic analysis of water, soil, and waste characterization.  As a NELAP accredited laboratory, with state certifications in Oklahoma, Texas, Kansas, Louisiana and North Dakota, this laboratory employs the highest standards of lab processes and procedures.

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.

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SOURCE Enerlabs, Inc.