Techlabs, Inc. Completes Acquisition Of Byers Food, Inc.
Jensen Beach, FL - Techlabs, Inc. reported that it has completed the acquisition of Byers Food, Inc. Byers is a full service consumer products sales and marketing company specializing in the Natural and Organic food products. The company is based in Franklin Park, Illinois and is operated by its founder and president Francis P. Manzo.
Byers Food is focused on organic and gourmet foods to be distributed through gourmet retail stores, supermarkets, club stores and natural food markets. Currently, Byers' soup products are distributed through independent distributors to 150 Hannaford (www.hannaford.com) and 103 Sweetbay (www.sweetbaysupermarket.com) grocery stores. Hannaford and Sweetbay Supermarkets are chains owned by the Belgium-based Delhaize Group.
The Delhaize Group operate over 1,500 stores in 16 States along the eastern coast of the United States. Additional supermarkets under the Delhaize Group include; Food Lion, Bloom, Bottom Dollar and Harvey's. The Delhaize Group had estimated sales of over $17B for 2006.
Hannaford is located throughout the New York-New England area and Sweetbay stores can be found throughout western and central Florida. In addition, Byers' soup line can be found in over 400 independent grocery and gourmet stores throughout the United States. Investors can review the current Byers product line on the internet at: www.byersfood.com.
Byers Food will soon be rolling out a new product called "Chef Crusty's." This product line, under the final stages of development and distribution, is an "all natural" line of bread dippers. The Company is also in the developmental stage of certain frozen seafood and Chinese food products. This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances to differ materially as a result of various factors, including those set forth in Techlabs, Inc.'s filings with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Techlabs, Inc.
SOURCE: Techlabs, Inc.