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[QUOTE]Originally posted by slurpnbabble: [QB] Let's Talk Recovery, Inc. Announces Joint Venture Agreement to Operate Recovery Facility Tuesday October 31, 9:45 am ET BEVERLY HILLS, CA--(MARKET WIRE)--Oct 31, 2006 -- Let's Talk Recovery, Inc. (Other OTC:LKRV.PK - News) announced today that the company has entered into a joint venture agreement to operate and manage the Laguna Beach Recovery Center, a unit of Laguna Beach Recovery, Inc. ADVERTISEMENT Under the terms of the Joint Venture Agreement with Laguna Beach Recovery, Inc., LKRV shall manage the facility for three years, renewable annually thereafter. LKRV will provide a wide range of operational and managerial services such as: marketing the facility to the community, managing the operations of the facility, managing all employee and contractor relations, services and performance, engaging the services of a medical director and staff, and ensuring compliance with local, state and federal regulations and codes. The three-year Agreement, which commences on November 1st, provides for revenue, profit and business asset sharing between LKRV and Laguna Beach Recovery, Inc. Michael A. Mische, CEO & President of LKRV, had this to say, "LKRV is very excited by this joint venture with Laguna Beach Recovery, Inc. The Agreement represents another milestone accomplishment for LKRV and its shareholders as it marks our entrance into the facility management marketplace. We expect positive cash flow and an accretive effect on earnings per share sometime in the second quarter of 2007, pending licensing and permit approval." Under the Agreement, LKRV will operate the facility using its proprietary treatment programs, which integrate industry proven methods into effective and customized treatment protocols for those suffering from addictions. [/QB][/QUOTE]
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