Enerlabs Signs Agreement to Acquire 3rd Company
OKLAHOMA CITY, May 11, 2015 /PRNewswire/ -- Enerlabs, Inc. (OTC pink: ENLB) is pleased to announce the execution of a purchase agreement to acquire Zalco Laboratories (Zalco), a California company. Subject to financing, Zalco will become a wholly owned subsidiary of Enerlabs.
For over 30 years, Zalco has an established reputation in providing accurate, timely and cost effective testing services for petroleum, power, agricultural and governmental clients:
- The company has a state certified, ELAP accredited analytical laboratory capable of producing quality environmental tests for large volumes and complex samples.
- During 2014, the company established a well testing affiliate to provide on-site production and fluid level testing for petroleum clients.
Please see Zalco's website at www.zalcolabs.com
Management sees a synergy between Zalco and the previously announced companies, STS and AccuSteam, which should create opportunities to expand on the full line of products and services offered by the companies combined.
Further announcements will be forthcoming.
About Enerlabs, Inc.
The management of Enerlabs, Inc. has 25 years of experience working in public companies. We are currently negotiating to combine our public resources with established laboratories and related services companies that have experienced personnel, up-to-date equipment and a history of providing reliable service to their clients. Our strategy is to gain certain advantages through networking the companies that participate such as, volume discount purchasing, combined accounting, group insurance, cross-over sales, shared software and most importantly shared ideas. Please visit Enerlabs, Inc.'s website at www.enerlabsinc.com.
Safe Harbor for Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause Enerlabs' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, Enerlabs expressly disclaims any intent or obligation to update any forward-looking statements.
SOURCE Enerlabs, Inc.
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