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DATE : 12/12/06, Effective DATE : 12/13/06, OLD SYMBOL/NAME : Tech Laboratories, Inc. Common Stock, SYMBOL/NAME : TLBT Tech Laboratories, Inc. Common Stock New
Split adjuste close yesterday was .021. Now at .015 which is down 29%. there have only been 2 trades in it today. Nothign to get excited about.
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like all the other threads are not just as bad if not worse, atleast this one is actually going up... cant say that about the others
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A stock this thinly traded is impossible to trade. Unless, of course, one has already front-loaded into it over a period of time, and then sells to all the suckers who buy little pieces of it hoping for a miracle...
-------------------- "Entrepreneurship is the last refuge of the trouble making individual."
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Well, it might be getting a little more interesting than Amateur Hour.
It's a shell that was cleaned up late last year. There was a lot of chatter about AVCP R/M into it, hasn't happened. I made decent money from it when it was TCHL. Had some developments todays.
Form 8-K for TECH LABORATORIES INC
7-Mar-2007
Change in Directors or Principal Officers
ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. On February 22, 2007, the Board of Directors of Tech Laboratories, Inc., a corporation organized under the laws of the State of New Jersey (the "Company"), accepted the resignations of Peter Nasca and Craig Press as members of the Board of Directors of the Company and the resignation of Donna Silverman as President, Chief Executive Office and Chief Financial Officer. Neither Mr. Nasca, nor Mr. Press served on any committees of the Board of Directors.
Subsequently, on February 22, 2007, Board of Directors of the Company appointed David Marks as a member of the Board of Directors and appointed John King as Chief Executive Office and Chief Financial Officer of the Company.
David Marks
Mr. Marks has been the Chairman of Titan Global Holdings, Inc. ("Titan"), a diversified holding company, since May 2005 and previously served as the Chairman from September 2002 until May 2003. From May 2003 until May 2005, Mr. Marks served as one of the Directors of Titan. In addition, from November 2004 until November 2006, Mr. Marks served as the Chairman of the Board of Directors of Thomas Equipment, Inc., a manufacturer and distributor of skid steer loaders and pneumatic and hydraulic components and systems. Mr. Marks has served as Trustee of Irrevocable Children's Trust and Irrevocable Children's Trust No. 2 since 1994. Irrevocable Children's Trust and Irrevocable Children's Trust No. 2 currently have an ownership or investment interest in commercial properties, private residences, natural resources, telecommunications, and technology companies, and other business and investment ventures. Mr. Marks has the responsibility in overseeing all investments by Irrevocable Children's Trust and Irrevocable Children's Trust No. 2 with responsibilities beginning at acquisition and continuing through ownership. Mr. Marks generally acts in the capacity of officer or director for all of the operating companies that are vehicles for investments by the Trusts and is involved in strategic planning, and major decision-making. Mr. Marks is also a managing member of Farwell Equity Partners. Mr. Marks holds a BS in Economics from the University of Wisconsin.
John King
Mr. King was the Chief Executive Officer and a Director of NewGen Technologies, Inc., an alternative fuel developer, from June 2005 until September 2005 and was reassigned as Chief Executive Officer of International Operations from September 2005 until January 2006. Mr. King was involved with operations, engineering, marketing, and sales management over a 17-year career with the Procter & Gamble Company from 1987 to 2004. Most recently, from 2002 to 2004, Mr. King led the Client Services and Business Development functions in a non-traditional marketing services company within P&G. Prior to this, from 1998 to 2002, Mr. King was instrumental in the leadership of business expansion efforts for P&G's paper business in Europe. Mr. King earned a Bachelor of Science with Great Distinction in Chemical Engineering at Clarkson University.
David Marks is connected to Titan Gobal Holdings, TTGL.
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TLBT(.038) Announces Reverse Split to Increase Institutional Visibility and Ownership
Wednesday, June 27 2007 4:00 PM, EST Business Wire "US Press Releases " SPARKS, Nev.--(BUSINESS WIRE)-- Tech Laboratories, Inc. (OTCBB:TLBT), a biofuels company supplying the nation's growing need for energy independence, announced today that as a result of the recent acquisition of Renewal Fuels and an agreement to acquire Biodiesel Solutions, the Company is implementing an immediate program to seek increased institutional ownership. The multi-faceted program includes a reverse split of Tech Laboratories' common stock, which is expected to begin trading within 35 days on a 1-for-15 share post-reverse split basis. As a result, every fifteen shares of TLBT common stock will be automatically converted into one share of TLBT common stock. In connection with the reverse split, TLBT common stock will trade under a new Cusip number. Upon completion of the previously announced acquisition of Biodiesel Solutions, Inc. and the recent conversion of our Series A Preferred Stock, TLBT will have 407,076,887 shares of common stock outstanding. Upon completion of the reverse stock split, assuming no other issuance of TLBT common stock, there will be a total of 27,138,459 shares of TLBT common stock outstanding. "It should be clear to anyone that has studied our remarkable young company and the significant growth we have undergone, it is important for management to prepare the company for potential institutional investors," said John King, Chief Executive Officer of Tech Laboratories . "We believe that this reverse split is consistent with that mission and that ultimately it will serve to continue building shareholder value for our current investors." Tech Laboratories is seeking to roll up green technologies focused on generating biofuel from feed-stocks that do not negatively impact the nation's food supply, according to the new Investor Fact Sheet. Specific technologies currently being investigated allow production of biofuels from non-food sources including waste vegetable oil, feedstock that can be grown on set-aside land, inedible oils (such as jatropha and algae), wood waste, municipal solid waste and coal fines. Tech Laboratories recently acquired Renewal Fuels, producer of a portable biodiesel processor, the FuelMeister, which empowers consumers with the ability to produce their own fuel from waste material. The FuelMeister can produce 80 gallons of biodiesel per day from waste vegetable oil collected from restaurant deep fat fryers at an average cost of $0.85 per gallon. About Tech Laboratories Tech Laboratories is an emerging greentech company closing the loop between modern consumerism and America's insatiable demand for energy. The Company is establishing its position to provide sustainable solutions to the world's $5 trillion addiction to oil consumption. A key component of Tech Laboratories' high-growth business model is the augmentation of core operations and assets through strategic partnerships and opportunistic acquisitions in the burgeoning biofuels industry. The Company's management team and Board of Directors believes that increasing political and social responsiveness, combined with exciting developments in biofuel technology, has created an unprecedented environment for organic growth as well as growth through acquisitions. The management of Tech Laboratories is establishing relationships with various biofuel entities with projects, products, and technologies at various stages of development. Each of these companies is in a business that meets Tech Labs' corporate mission. Tech Laboratories' management is actively negotiating strategic relationships as a means to continue building shareholder value. To learn more visit www.tech-laboratories.com and www.renewalfuels.com. For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/tech.
Forward-Looking Statements This press release includes statements that may constitute forward-looking statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, dependence upon third-party vendors, availability of capital and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission . By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release. Source: Tech Laboratories, Inc
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