UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 15, 2007
TECHLABS, INC.
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(Exact name of registrant as specified in its charter)
FLORIDA 000-26233 65-0843965
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State or other (Commission (IRS Employer
jurisdiction of File Number) Identification Number)
incorporation)
1820 NE JENSEN BEACH BLVD., SUITE 634, JENSEN BEACH, FL 34957
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(Address of executive offices and Zip Code)
Registrant's telephone number, including area code: 267-350-9210
8905 KINGSTON PIKE, SUITE 313, KNOXVILLE, TN 37923
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (SEE General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 133-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
On February 15, 2007 the Registrant issued a press release announcing it had
received an investment from Eline Entertainment Group of ten million shares
(10,000,000) of Eline's common stock in exchange for a ten percent (10%)
interest in a subsidiary of Techlabs, through which Techlabs is pursuing certain
ventures in the Caribbean basin and South America. A copy of this press release
is hereby incorporated by reference and furnished as part of this Current Report
as Exhibit 99.1.
On March 6, 2007, the Registrant issued a press release announcing that Eline
Entertainment Group, Inc.'s had consummated its investment in Techlabs, having
issued to Techlabs ten million shares (10,000,000) of its common stock in
exchange for a ten percent (10%) interest in a subsidiary of Techlabs, through
which Techlabs is pursuing certain ventures in the Caribbean basin and South
America. The Registrant further announced that Techlabs further noted that Eline
Entertainment Group's Storm Depot International subsidiary reported last week
that it has an agreement in place to add another dealer for its hurricane
protection products in Palm Beach County, Florida. A copy of this press release
is hereby incorporated by reference and furnished as part of this Current Report
as Exhibit 99.2.
On March 8, 2007, the Registrant issued a press release announcing that Eline
Entertainment Group, Inc.'s Storm Depot International subsidiary has agreed to
commit to the purchase of aluminum extrusion products for the 2007 hurricane
season from Techlabs' recently formed subsidiary, Hemisphere Metals. A copy of
this press release is hereby incorporated by reference and furnished as part of
this Current Report as Exhibit 99.3.
On March 14, 2007, the Registrant issued a press release announcing that it
entered into an agreement in principle to acquire Storm Depot International from
Eline Entertainment Group, Inc. The press release further noted that as
currently contemplated, Techlabs will initially issue 4 million shares of its
common stock to Eline in exchange for 100% ownership of Storm Depot
International, in addition to as-yet to be negotiated additional amounts of
common stock to be issued to Eline and the management of Storm Depot based on
performance benchmarks achieved by Storm Depot. A copy of this press release is
hereby incorporated by reference and furnished as part of this Current Report as
Exhibit 99.4.
On April 13, 2007, the Registrant's principal shareholder, Yucatan Holdings,
issued a press release announcing that it had brokered a deal in principle
between The BigHub.com, Inc. (Pinksheets: BHUB - News) and Techlabs, Inc.
(OTCBB: TELA - News). Techlabs, Inc. plans to forward split its shares one
hundred to one and to tender for all unregistered shares issued to investors of
BHUB on a one for one basis. A copy of this press release is hereby incorporated
by reference and furnished as part of this Current Report as Exhibit 99.5.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press Release issued February 15, 2007 regarding investment
from Eline Entertainment Group.
99.2 Press Release issued March 6, 2007 regarding consummation of
investment transaction with Eline Entertainment Group.
99.3 Press Release issued March 8, 2007 regarding agreement for
purchase of extrusion products by Eline Entertainment Group
subsidiary.
99.4 Press Release issued March 14, 2007 regarding agreement
in principle to acquire Storm Depot International from Eline
Entertainment Group, Inc.
99.5 Press Release issued April 13, 2007 regarding proposed
tender for the unregistered shares of The BigHub.com, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Techlabs, Inc.
Date: April 16, 2007 By: /s/ Jayme Dorrough
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Jayme Dorrough, President
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