TechLabs May Close a DM Subsidiary

TechLabs Inc., a Fort Lauderdale, FL-based new business development and telecommunications equipment marketing firm, plans to consolidate and possibly close one of its direct marketing subsidiaries, 121, Inc. and ReferEveryone.com to create a single network of independent distributors.

Refereveryone.com and 121 Inc. market telecommunications services through independent distributors.

No further information was available at deadline.