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Techalt, Inc. in Final Negotiations to Acquire Electric Vehicle Parts Company and Licensing Rights for Sports Injury Cream
Publish Date : 1/19/2008 3:31:00 AM Source : Sports News Onlypunjab.com
Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" the "Company") today announced that it is in the final stages of negotiations to acquire one of the largest online suppliers of electric vehicle parts and components. The Company plans to announce the signing of the merger agreement as early as next week.
The Company also announced it is in final negotiations to acquire the licensing rights for a cream best known for treating and preventing open wounds to the skin often incurred through athletic activities. This cream significantly shortens the healing time for abrasions, laceration and blisters, and help to diminish the pain associated with those injuries. This cream is being used by several professional athletes. The Company anticipates a definitive licensing agreement by February.
Techalt a public holding company in the business of identifying, acquiring and developing early to mid-stage alternative technology, communications, environmental and health and wellness companies.
Forward-Looking Statements
This press release contains statements that may include "forward looking statements" within meaning of Section 27A of Securities Act of 1933, as amended, and Section 21E of Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding Techalt's business strategy, plans and objective and statements of non-historical information. These forward looking statements are identified by the use of forward-looking terminology as "believes," "expects," “intends” or similar expressions, involve known and unknown risks and uncertainties. Although Techalt believes the expectations reflected in these forward-looking statements are reasonable, they may prove to be incorrect and involve assumptions, risks and uncertainties. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Techalt's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Techalt's periodic reports that are filed with and available from the Securities and Exchange Commission. Forward-looking statements attributable to Techalt’s or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than required under the securities laws, Techalt does not assume a duty to update these forward-looking statements. |
Shivraj Singh still in coma
Publish Date : 2/25/2005 10:12:00 AM
Polo player Shivraj Singh, hospitalised here after an accident in Jaipur a week ago, remained in critical condition Thursday, two days after neurosurgeons operated on him.
Dharamsala prepares to host India-Pakistan match
Publish Date : 2/25/2005 9:54:00 AM
At a quaint stadium set against the backdrop of the snow-capped Dhauladhar ranges, this home to the exiled Dalai Lama is preparing to host the state's first international ....
Beckham boots the baby
Publish Date : 2/25/2005 9:40:00 AM
Third-time father David Beckham has had the name of his baby son Cruz sewn into his football boots.
Pakistani inspection team visits Chinnaswamy Stadium
Publish Date : 1/29/2005 2:03:00 PM
A Pakistani team Friday visited M. Chinnaswamy Stadium, which will host a Test in the upcoming series, and met the police commissioner here as part of its venue assessment tour of the country.
India could climb to second spot in ICC Test ratings
Publish Date : 1/29/2005 1:56:00 PM
India could climb to an unprecedented second spot from their present third in the International Cricket Council (ICC) Test ratings if they beat Pakistan ....
Sportspersons, managers in unique workshop
Publish Date : 1/29/2005 1:55:00 PM
Seven-time World billiards champion Geet Sethi, ace cricketers Anil Kumble and Sanjay Manjrekar and Olympian Ashwini Nachappa will don a different hat when they share ....
Jyoti excels as five Indians make the cut, Atwal out
Publish Date : 1/29/2005 1:49:00 PM
Jyoti Randhawa kept the Indian flag flying as he shot four-under 68, one of the handful of scores in 60s, to be at three-under 141 midway through the Caltex Singapore Masters ....
Karthikeyan sets pace at go-karting qualifiers
Publish Date : 1/29/2005 1:34:00 PM
After being set a scorching pace by ace driver Narain Karthikeyan Friday, three riders from Hyderabad booked berths in the grand finals of a go-karting challenge to be held in Mumbai next month.
Encyclopaedia apologises for Beckham mistake
Publish Date : 1/29/2005 10:54:00 AM
Soccer star David Beckham received an apology from the Philips Encyclopaedia which wrongly informed readers that he plays for Italian team Inter Milan.
Charity cricket match raises Rs.100 mn for tsunami hit
Publish Date : 1/29/2005 10:47:00 AM
Virender Sehwag hit a fluent 83 as Kapil Dev XI defeated Aamir Khan XI by two wickets in a charity match played for the victims of the tsunami here Friday night, raising well over Rs.100 million ($2mn).
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