Techalt, Inc.
Techalt, Inc. Announces Termination of EV Parts Merger and Growth Plans for Stan's Rodeo Ointment
Published in Medical Letter on the CDC and FDA, May 18th, 2008
Techalt, Inc. (Pink Sheets:TCLT) ("Techalt" or "Company") announced that it has terminated its merger with EV Parts, Inc. ("EV Parts") due to an inability to secure the financing the Company agreed to provide EV Parts as part of the conditions subsequent to the merger closing. The Company is focusing its efforts on developing Stan's Rodeo Ointment ("SRO"), a sports cream product which the Company acquired the licensing rights to develop and market.
Techalt is in the process of securing financing for expanding SRO's distribution channels, which includes securing significant contracts and obtaining over the counter ("OTC") approval from the Food and Drug Administration....
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