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Techalt, Inc. Announces Accelerated Closing Schedule for Its Merger Partner EV Parts, Inc.
Jan 31, 2008 8:04:00 PM
Copyright Business Wire 2008
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SEATTLE--(BUSINESS WIRE)--

Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" or the "Company") today updates its shareholders and the investment community that its signed merger agreement with EV Parts, Inc. ("EV Parts"), a leading online supplier of electric vehicle parts and components, which the Company previously announced it expected to close on or before March 18, 2008, is now anticipated to close the first week in February 2008.

David Moore President of Techalt stated, "We have been very busy trying to meet the conditions necessary to close the merger agreement with EV Parts and I am extremely pleased that it looks like the merger will close much earlier than initially expected."

The Company also wishes to announce that due diligence review of the company holding the licensing rights to the cream best known for treating and preventing open wounds to the skin often incurred through athletic activities is complete and final contracts to acquire the licensing rights to the cream are in legal review.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements which are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. These forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) obtaining necessary financing and managing existing debt; (3) completing the investigation, acquisition and integration of new business opportunities; (4) complying with federal, state and local government and international regulations; and (5) other factors over which we have little or no control.

Source: Techalt, Inc.

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For Techalt
Inc.
Seattle
Media & Investor Relations:
Joseph J. Malone
786-375-0556
[e-mail]
www.EquityDigest.com