MILLENIA HOPE - A Biopharma Company

Loubac Top Environmental Inc. signs a letter of intent regarding a reverse take-over by Millenia Hop

February 7, 2008 10:18 AM

MONTREAL, Feb. 7 /CNW Telbec/ - Loubac Top Environmental inc. ("Top") (NEX: LTE.H) announces that it signed a letter of intent with the Millenia Hope Pharmaceuticals Inc. ("Millenia") and its shareholder, Millenia Hope Inc. ("MHI") providing for the acquisition by Top of certain assets of MHI, namely patents and patent applications, as well as forty-two percent (42%) of the issued and outstanding shares in the capital stock of Millenia (collectively, the Assets"), in consideration of the issuance by Top to MHI of such number of common shares in its share capital as would provide MHI a controlling interest in Top, resulting in a reverse take-over of Top by MHI.

MHI is a publicly traded Biopharma Company (MLHP-OTC:BB) focused on improving the quality of life around the world through a credo of comprehensive solutions to the problem of world disease. The company's objective is to fight disease through a portfolio of health products, both purchased and developed internally by MHI and its team of clinical associates based around the world, focusing on parasitic diseases, particularly malaria, and AIDS and other infectious diseases.

The proposed transaction is subject to the satisfaction of several conditions, including notably the conclusion of a formal asset purchase agreement, the completion of a due diligence review by Top, Millenia and MHI, receipt of the required approvals from the shareholders of Top and receipt of all required regulatory approvals, including from the TSX Venture Exchange.

As soon as the due diligence process has been commenced by Top and the negotiations regarding the conclusion of a formal asset purchase agreement have been finalized, a more detailed press release will be issued describing the terms of the proposed transaction and its related conditions.

About Loubac Top Environmental

Loubac's shares trade on the NEX market under the symbol LTE.H.

The TSX Venture Exchange accepts no liability with regard to the relevance or accuracy of this press release.