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4th January 2008 Longbourgh Capital plc to Merge 2 of its subsiduaries with LBO Capital Corp Longborough Capital plc (‘LBC’) a company registered in the UK, is pleased to announce the successful reverse merger of 2 of its subsiduaries - Global Tech International Inc (‘GTI’) and Advanced Digital Components Inc (‘ADCI’) into LBO Capital Inc (‘LBO’) under the terms of a Definitive Agreement bearing an effective date of 31st December 2007. LBO is a Colorado corporation with a NASDAQ registration (ticker LBOC). GTI operates in the general field of plastic forming and development. It works closely with the automotive industry in Detroit and with marine and defence contractors elsewhere in the United States. ADCI has developed and is the owner of an innovative proprietary automotive tyre sensor system. Both GTI and ADCI were principally owned by LBC but as the major focus of their operating activities was in the United States LBC decided it would be commercially sensible to establish a principal holding company there. LBO fulfils that need. It is the intention of the board of LBC to arrange for its shareholders to receive stock in LBO itself in due course. The board of LBC is still considering listing itself or its subsiduaries on other markets. Following this reverse merger LBO will have no debt and 20 million shares in issue. LBC itself will own 77% of LBO net of conversions and deal costs. Tom Itin - the President of LBO said ‘This is a significant step forward in the efforts of LBO Capital to fulfil its objective of merging with significant corporate entities with considerable potential in the high technology field.’ Mario DiNello - the Managing Director of LBC said ‘I am pleased to announce that LBC, a developer of technologies, is continuing to position itself as a key player on the global level of automotive original equipment manufacturers (OEMs) and other strategic partners. ADCI and GTI working alongside its commercial partners can offer clients a complete total solution package. Additionally this transaction with LBO will enhance the commercial profile and status of our company while providing investors and shareholders with a visible value for their investment.’
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