Techalt, Inc. Obtains Financing Commitment

SEATTLE--(BUSINESS WIRE)--Techalt, Inc. (PINK SHEETS: TCLT) ("Techalt" the "Company") announced today that it has reached an agreement under which a targeted funding source (“The Financer”) commits to providing Techalt with approximately $1,000,000 of investment financing (the “Finance Commitment”).

The Financing Commitment provides for Techalt’s issuance to the Financer of up to 190,000,000 shares of common stock in exchange for the approximately $1,000,000 in funds, the actual number of shares to be based on the market conditions at the time of issuance. Techalt may request the funds, in whole or part, during the next 24 months from time to time as Techalt deems beneficial to the Company.

The Financer’s obligation to purchase the common stock is conditioned upon Techalt meeting certain operational and performance objectives. The Company expects to meet these conditions and that the financing commitment to be honored.

David Moore, President of Techalt, elaborated, “The Company looks forward to securing the capital needed to facilitate the development of Techalt’s business plan, particularly regarding its interests in Stan’s Rodeo Ointment and Cascadia Industries. It is Techalt’s acquisitions of opportunities such as SRO and Cascadia that have provided Techalt not only the opportunity to field an increasing number of offers for financing but have also put Techalt in a position to evaluate these offers in light of the Company’s bests interests. We believe that the financing commitment is consistent with our interests and business plans.”

About Techalt:

Techalt, a holding company, dedicated to acquiring, licensing and financing start-up and mid-stage companies. Techalt focuses on innovative, alternative technologies, software, communications, environmental and health and wellness sectors.

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Forward-Looking Statements

This press release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended ("the Exchange Act"), may involve risks and uncertainties. Forward-looking statements are based upon certain assumptions and describe future plans, strategies and expectations, are generally identifiable by the use of words as "believe," "expect," "intend," "anticipate," "project," or other similar expressions. Forward-looking statements relate to, among other things, future performance, and perceived opportunities in the market and statements regarding the Company's mission and vision. The Company's actual results, performance and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements. Additional factors could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) the ability of the Company to obtaining necessary financing to fund its business plan, including required financing needs (3) the Company’s ability to meet the conditions of the Finance Committment as well as the Financer’s ability to maintain its Finance Commitment (5) completing the investigation, acquisition and integration of new business opportunities; (6) complying with federal, state and local government and international regulations; and (7) other factors over which we have little or no control.