Bio Lab Naturals, Inc. a Delaware Corporation, (BLAB:OTC) Addresses a Yahoo Press Release Containing Information that was not Applicable to the Company

Rhea-AI Summary

Bio Lab Naturals, Inc. (OTCQB: BLAB) issued a clarification on March 22, 2021, regarding a misleading news release dated January 6, 2020, linked to a proposed transaction with Canavation, Inc. that pertains to a different Florida corporation. The Delaware-based company asserts it had no involvement in the release and is requesting Yahoo Finance to remove the incorrect information. Bio Lab Naturals operates primarily through its subsidiary, Prime Time Live, providing mobile LED screens for various events, including a large 30' x 18' screen and a smaller 8' x 5' model.

Positive

• The company specializes in high-resolution mobile LED screens, providing a unique service for clients.
• The 30' x 18' mobile LED screen has a significant lifetime usage of 50,000 hours, enhancing its long-term value.

Negative

• The company is facing reputational risks due to the confusion stemming from the erroneous press release on Yahoo Finance.
• Lack of timely communication from Yahoo Finance regarding the removal request could lead to further misinformation.

DENVER, CO / ACCESSWIRE / March 22, 2021 / Bio Lab Naturals, Inc., a Delaware corporation, "BLAB" (OTCQB:BLAB) based in Denver, Colorado wishes to clear up any confusion as to a news release dated January 6, 2020, that appears on Yahoo Finance on the quote page for Bio Lab Naturals, Inc. ("BLAB" OTC). That news release related to a proposed transaction between Canavation, Inc. of Tampa, Florida, and Bio Lab Naturals, Inc. a Florida corporation, which is unrelated to the Delaware corporation, and neither company is in the same business. The Company did not submit the press release and had no knowledge that it had been released. The entry on Yahoo Finance is in error and the company has requested that Yahoo Finance delete the entry, because it has nothing to do with Bio Lab Naturals, Inc. of Delaware, however, there has been no response from Yahoo.

About Bio Lab Naturals, Inc.

Our stock trades on OTC Markets under the symbol "BLAB". Operating primarily through our subsidiary, Prime Time Live, Inc., is a Denver, CO based company that specializes in providing clients with high resolution mobile LED screens for entertainment, corporate, civic and sporting events. Our main operations are derived from our 30' x 18' LED mobile video display. This display is mounted in a 53 ft. trailer with an accompanying MQ Whisper Watt generator that can power the LED screen for 50 hours, and therefore, provides our clients with true portability. We also have an 8' x 5' mobile LED screen that is towed by a mid-size SUV. The 30' x 18' screen has a lifetime use of 50,000 hours of which 2,500 hours have been used and the 8' x 5' mobile LED screen is new with no hours.

CONTACT:

Darrell Avey
720-883-7063

SOURCE: Bio Lab Naturals, Inc.

View source version on accesswire.com:
https://www.accesswire.com/636803/Bio-Lab-Naturals-Inc-a-Delaware-Corporation-BLABOTCAddresses-a-Yahoo-Press-Release-Containing-Information-that-was-not-Applicable-to-the-Company

FAQ

What did Bio Lab Naturals clarify in their recent press release?

Bio Lab Naturals clarified that a January 2020 press release regarding Canavation, Inc. was erroneous and unrelated to the Delaware corporation.

What is the significance of the press release dated January 6, 2020, for Bio Lab Naturals?

The January 2020 press release caused confusion as it incorrectly associated Bio Lab Naturals with a different corporation, which the company has since denied.

What products does Bio Lab Naturals offer?

Bio Lab Naturals, through its subsidiary, primarily offers mobile LED screens for entertainment and corporate events.

What are the key features of Bio Lab Naturals' mobile LED screens?

Their main product is a 30' x 18' LED mobile screen with a runtime of 50 hours and a 50,000-hour lifespan, alongside a smaller 8' x 5' screen.

What actions is Bio Lab Naturals taking regarding the incorrect press release?

The company is requesting Yahoo Finance to delete the erroneous press release affecting their information.