TUCSON, Ariz., May 21 /PRNewswire/ -- Anything Brands Online, Inc. announced today that it has a signed a letter of intent for the acquisition of a competitive online retailer of Automotive & Industrial Tools & Equipment. The completion of this acquisition is subject to the negotiation and execution of a definitive acquisition agreement, the completion of legal and financial due diligence and customary closing conditions. The acquisition is expected to be completed on or before June 30, 2008. Ms. Jean Morgan, President of Anything Brands Online, Inc. said; "The acquisition of this online retailer of automotive and Industrial Tools and Equipment will strengthen our market position and will be a very important factor in this and other markets that complement our existing business model. Our Anything RV, Inc. and Anything Trucker, Inc. companies have achieved considerable success featuring extensive lines of products and services. We anticipate that this acquisition will enable us to build further on that success, as we continue to execute our business plan." About Anything Brands Online, Inc. Through its operating subsidiaries Anything Brands Online, (ABOL) markets and sells recreational, rv and transportation products and services including navigation, communication and information devices and applications -- most of which are enabled by GPS technology. Anything Brands Online, Inc. is a leader in the consumer and general recreational vehicle and transportation markets and its products serve rv, trucking, marine, outdoor recreation, automotive, commercial and OEM applications. For more information, visit ABOL's website at http://www.anythingbrandsonline.com or contact the Investor Relations department at 520-742-1890. Notice on Forward-Looking Statements: This release includes forward-looking statements regarding Anything Brands Online, Inc. and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Anything Brands Online, Inc. undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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