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Friday, 01/14/2011 9:33:52 AM

Friday, January 14, 2011 9:33:52 AM

Post# of 14801
A PR from 6/30/10

Talent Alliance, Inc. (PINKSHEETS: TLAN) today announced it has reached agreement with Hua Neng Long Yuan Technology Company Beijing, Ltd. ("HNLY") on pricing of the Company's stock regarding its acquisition of a minority interest of HNLY. According to the Company both parties have agreed on a set price of $.05 per share. Established in 1992 with offices throughout greater China, HNLY is a privately held electronics and software distributor in Beijing, China.

Under the terms of the previous agreement, the Company will issue stock valued at $500,000 and a deferred cash payment in the amount of $70,000 for the acquisition. The Company and HNLY were recently engaged in discussions regarding the valuation of the $500,000 in securities. The Company and HNLY have agreed that for the basis of the transaction, the Company will issue 10,000,000 shares to HNLY in consideration for the interest, which has priced the Company's stock at $.05 or five cents per share.

In addition to this acquisition and several other proposed acquisitions, the Company's Board of Directors also voted to increase the Company's authorized shares to 900,000,000 to provide for share-based capital for acquisitions and other financing activities.

Completion of the acquisition is subject to the satisfaction of several conditions, including, without limitation, the execution of a definitive acquisition agreement, the satisfactory completion of due diligence, compliance with applicable laws, and other conditions.