As part of the transaction Techlabs, Inc. (PINKSHEETS: TCHL) will acquireapproximately 64% of The BigHub.com, Inc., bringing its ownership toapproximately 71% overall. No further details of the transaction wereavailable.

The BigHub.com, Inc. is expected to submit for relisting on the pinksheetsshortly after the transaction is completed.

Techlabs, Inc. (www.techlabsinc.net) is a holding company specializing inacquiring interests in high growth entities through direct investments in atargeted entity. The Company intends to develop these strategic investmentsutilizing its ability to access capital markets and professionalsnecessary for the effective execution of the acquisition's business plan.This contemplated acquisition is the latest in a series of anticipatedentities to be developed under the Holding Company. Currently, theCompany's portfolio of companies will include real estate, energy and fooddistribution.

For further information regarding the company, contact Techlabs, Inc. at(267) 350-9210.

This news release contains "forward-looking statements" that are madepursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995. You are cautioned that such statements are subject toa multitude of risks and uncertainties that could cause futurecircumstances, events or results to differ materially from those projectedin the forward-looking statements as a result of various factors, includingthose set forth in Techlabs, Inc.'s and The BigHub.com, Inc.'s filingswith the Securities and Exchange Commission. You should consider thesefactors in evaluating the forward-looking statements included herein andnot place undue reliance on such statements. The forward-looking statementsare made as of the date hereof and Techlabs, Inc. and The BigHub.com, Inc.undertake no obligation to update such statements.