Laburnum Ventures Inc. (OTCBB:LBUV) is pleased to announce that it has entered into a binding letter of intent to acquire all of the outstanding shares of AGR Stone & Tools USA, Inc in a reverse takeover transaction. The acquisition will be completed by a share exchange between the two companies whereby AGR will become a fully owned subsidiary of Laburnum Ventures. If a long form agreement is not entered into, the letter of intent will govern the share exchange.



"We are very excited about the acquisition of AGR," said Tom Brown, CEO of Laburnum Ventures Inc. "AGR is a great company with a business plan proven to generate revenues and we are delighted that we can provide our shareholders with such an excellent opportunity," he continued.



"We are very pleased to have come to an agreement with Laburnum on this acquisition. We believe AGR is poised for rapid growth and we believe that going public is a great way to fuel our expansion," said Rock Rutherford, the CEO of AGR.



About AGR Stone & Tools USA, Inc.



AGR is a manufacturer of diamond tools and adhesives. It specializes in producing consumable tools for the natural stone, engineered stone, concrete and masonry industries. Its goal is to provide its clients with superior quality products, excellent customer service and the most competitive prices in the diamond tool industry. The company has completed extensive research and testing, and uses the latest technologies to assure AGR Tools is at the forefront of the diamond tool industry. The company employs some of the world's top scientists, engineers and metallurgists to produce the highest quality diamond tools for the construction industry.