IRVINE, Calif., May 29, 2007 (PRIME NEWSWIRE) -- "An increase in mergers and acquisitions in a given industry is nearly always a bullish sign, especially when it's occurring in the highly-charged alternative fuels arena," stated SmallCap Sentinel analyst D.R. Clark.
"Savvy companies are eagerly completing acquisitions to broaden their footprint in this growth market," Clark added. "This perhaps explains Tech Laboratories Inc. (OTCBB:TLBT) signing of a letter of intent to acquire Biodiesel Solutions, Inc. (BSI) on Friday. The move will only give Tech Laboratories the assets and intelligence of BSI, but also affirms their confidence in this growth market."
About Tech Laboratories Inc. (OTCBB:TLBT)
Tech Labs is an emerging greentech company closing the loop between modern consumerism and America's insatiable demand for energy. The Company is establishing its position in what many believe to be the largest economic opportunity of the 21st Century -- a sustainable solution to the world's $5 trillion addiction to oil consumption.
BSI manufactures the BiodieselMaster(r), a factory-built biodiesel processing plant that is appropriately scaled for a variety of customers, including small communities, farms, farm co-ops and trucking fleets.
The landmark agreement furthers Tech Laboratories' stated mission to augment core operations and assets through opportunistic acquisitions of green technologies and products.
For investor-specific information and resources, visit http://www.trilogy-capital.com/autoir/tlbt_autoir.html
An informational report titled "Better Mousetrap Files" is available at www.SmallCapSentinel.com and will discuss established and emergent publicly traded alternative fuel stories including Nova Biosource Fuels Inc. (AMEX:NBF), Better Biodiesel, Inc. (OTCBB:BBDS), Solectron Corporation (NYSE:SLR) and BP PLC (NYSE:BP).
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