Tech Laboratories, Inc. Announces Share Repurchase Program

Apr 30, 2001, 01:00 ET from Tech Laboratories, Inc.

    NORTH HALEDON, N.J., April 30 /PRNewswire/ -- Tech Laboratories, Inc.
 (OTC Bulletin Board:   TCHL) today announced that its board of directors has
 approved a program to repurchase up to 200,000 shares of its common stock.
 The company said that such a purchase may be made from time to time at
 prevailing prices in the open market by block purchase or in private
 transactions and may be discontinued at any time.  The stock repurchase will
 be funded through available cash.  The company has approximately 4.3 million
 shares of its common stock presently outstanding.
     Bernard M. Ciongoli, Tech Labs' president and chief executive officer,
 said.  "The share repurchase program is being implemented to optimize Tech
 Labs' use of capital and enhance shareowner value.  We believe our common
 stock is undervalued and represents a highly attractive investment."
     Tech Laboratories, Inc. is the owner of the DynaTraX(TM) Digital Matrix
 Switch Technology which is a protocol independent digital network management
 tool.  It resides between the physical layer and distribution layer of a
 network and allows for the simple management of entire network structures and
 remote multiple site networks, all from a single desktop workstation.
     Tech Laboratories, Inc., under its wholly-owned subsidiary, Tech Labs
 Community Networks, Inc. ("TLCN"), offers residential communities a bundled
 turnkey solution for digital broadband networks.  Residential communities in
 Florida will be the first to launch TLCN's voice, video and data solutions,
 with many other communities nationwide to follow.  Tech Laboratories will use
 its Tech Labs Connect structured cabling equipment, including home
 connectivity boxes, wall outlets, cables and the DynaTraX(TM) Matrix Switch
 Technology to provide a gateway device for delivery of broadband-bundled
 communication services.
     For more information, please go to the Tech Laboratories, Inc. website,
 http://www.techlabsinc.com and click on Global Network Management
 Communications.
     Tech Laboratories, Inc., through its subsidiary Tech Logistics, Inc., also
 manufactures and sells an infrared perimeter intrusion detection system (IDS).
 The IDS System has been approved by the US Air Force for inclusion in the
 Tactical Automated Security System's (TASS) $500 million program.  The IDS
 System has been sold to Los Alamos National Laboratories and has been the
 subject of a blanket order to provide 50 IDS Systems to the US Air force.
     To view video on DynaTraX(TM), go to the Tech Laboratories, Inc. website,
 http://www.techlabsinc.com, click on "Global Network Management
 Communications" and download video.
 
     This announcement contains certain forward-looking statements within the
 meaning of the Private Securities Litigation Reform Act of 1995.  Such
 statements are subject to certain risks and uncertainties that could cause
 actual results to differ materially from those presently anticipated or
 projected.  Tech Laboratories. Inc. cautions investors not to place undue
 reliance on forward-looking statements, which speak only as to management's
 expectations on this date.
 
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SOURCE Tech Laboratories, Inc.
    NORTH HALEDON, N.J., April 30 /PRNewswire/ -- Tech Laboratories, Inc.
 (OTC Bulletin Board:   TCHL) today announced that its board of directors has
 approved a program to repurchase up to 200,000 shares of its common stock.
 The company said that such a purchase may be made from time to time at
 prevailing prices in the open market by block purchase or in private
 transactions and may be discontinued at any time.  The stock repurchase will
 be funded through available cash.  The company has approximately 4.3 million
 shares of its common stock presently outstanding.
     Bernard M. Ciongoli, Tech Labs' president and chief executive officer,
 said.  "The share repurchase program is being implemented to optimize Tech
 Labs' use of capital and enhance shareowner value.  We believe our common
 stock is undervalued and represents a highly attractive investment."
     Tech Laboratories, Inc. is the owner of the DynaTraX(TM) Digital Matrix
 Switch Technology which is a protocol independent digital network management
 tool.  It resides between the physical layer and distribution layer of a
 network and allows for the simple management of entire network structures and
 remote multiple site networks, all from a single desktop workstation.
     Tech Laboratories, Inc., under its wholly-owned subsidiary, Tech Labs
 Community Networks, Inc. ("TLCN"), offers residential communities a bundled
 turnkey solution for digital broadband networks.  Residential communities in
 Florida will be the first to launch TLCN's voice, video and data solutions,
 with many other communities nationwide to follow.  Tech Laboratories will use
 its Tech Labs Connect structured cabling equipment, including home
 connectivity boxes, wall outlets, cables and the DynaTraX(TM) Matrix Switch
 Technology to provide a gateway device for delivery of broadband-bundled
 communication services.
     For more information, please go to the Tech Laboratories, Inc. website,
 http://www.techlabsinc.com and click on Global Network Management
 Communications.
     Tech Laboratories, Inc., through its subsidiary Tech Logistics, Inc., also
 manufactures and sells an infrared perimeter intrusion detection system (IDS).
 The IDS System has been approved by the US Air Force for inclusion in the
 Tactical Automated Security System's (TASS) $500 million program.  The IDS
 System has been sold to Los Alamos National Laboratories and has been the
 subject of a blanket order to provide 50 IDS Systems to the US Air force.
     To view video on DynaTraX(TM), go to the Tech Laboratories, Inc. website,
 http://www.techlabsinc.com, click on "Global Network Management
 Communications" and download video.
 
     This announcement contains certain forward-looking statements within the
 meaning of the Private Securities Litigation Reform Act of 1995.  Such
 statements are subject to certain risks and uncertainties that could cause
 actual results to differ materially from those presently anticipated or
 projected.  Tech Laboratories. Inc. cautions investors not to place undue
 reliance on forward-looking statements, which speak only as to management's
 expectations on this date.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X65444013
 
 SOURCE  Tech Laboratories, Inc.