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TECHALT INC (U-TCLT) - News Release

Techalt, Inc. Announces Licensing Agreement for Stan's Rodeo Ointment Sports Cream

2008-03-20 14:55 ET - News Release


SEATTLE -- (Business Wire)

Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" or "Company") announced that it has finalized a licensing agreement to develop and market Stan’s Rodeo Ointment (“SRO”), a sports cream product that can accelerate the healing time for abrasions, lacerations, blisters and other open wounds to the skin, while diminishing the pain that often results from such injuries. SRO was invented by Stanley Johnston, former head athletic trainer for the Los Angeles Dodgers and professional rodeo rider, who endured frequent hand injuries while competing on the professional rodeo tour. Currently available by prescription, SRO is used by several prominent Olympic and professional athletes. Mr. Johnston has sold SRO to 20 Major League Baseball clubs, the National Basketball Association, the National Hockey League and several major colleges. It is estimated at least two dozen professional pitchers use SRO on a regular basis. Techalt also acquired the rights to develop Stan’s Blister Rub (“SBR”), which is a combination of materials that strengthen the skin after it has healed to reduce the likelihood of the reoccurrence of blisters to the applied area.

Patent protection has been filed covering the formulations and processing of SRO with the US Patent and Trademark Office with a patent expected in May 2008.

Under the licensing agreement, Techalt will raise capital to fund SRO’s efforts to obtain approval from the Food and Drug Administration to sell SRO over the counter. Upon FDA approval these crèmes would enter the lucrative multi-billion dollar OTC protecting and healing crèmes markets.

Techalt’s business model as a public holding company is to pursue quality opportunities in developing early to mid-stage alternative technology, communications, environmental and health and wellness companies.

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"), as such, may involve risks and uncertainties. Forward-looking statements 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. 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 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.

Contacts:

Techalt, Inc., Seattle
Joseph J. Malone, 786-375-0556
[e-mail]
www.EquityDigest.com

Source: Techalt, Inc.