MLB Industries Inc. Announces the Issuance of Unsecured Non-Convertible Debentures

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES


MLB Industries Inc. ("MLB") (CNSX:BMP) is pleased to announce that on October
22, 2010, it closed the second tranche of an unsecured non-convertible debenture
(the "Debentures") offering and raised $300,000. The Debentures have a two year
term and bear an annual interest rate of 10% payable quarterly, in arrears, and
are non-convertible. The Debentures are redeemable at the option of MLB at any
time during the term of the Debentures upon 14 days prior written notice.
Proceeds of this financing will be used to complete the proposed business
combination with Etiah H. Enterprises Inc. previously announced on January 8,
2010.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy securities of MLB in any jurisdiction. The securities to be
issued pursuant to the financing by MLB have not and will not be registered
under the United States Securities Act of 1933, as amended (the "1933 Act"), or
the securities laws of any state of the United States, and may not be offered or
sold in the United States absent registration or an applicable exemption
therefrom under the 1933 Act and the securities laws of all applicable states.


Certain information set out in this News Release constitutes forward-looking
information. Forward-looking statements (often, but not always, identified by
the use of words such as "expect", "may", "could", "anticipate" or "will" and
similar expressions) may describe expectations, opinions or guidance that are
not statements of fact and which may be based upon information provided by third
parties. Forward-looking statements are based upon the opinions, expectations
and estimates of management of MLB as at the date the statements are made and
are subject to a variety of known and unknown risks and uncertainties and other
factors that could cause actual events or outcomes to differ materially from
those anticipated or implied by such forward-looking statements. Those factors
include, but are not limited to the ability of MLB to close on additional funds
as contemplated by the proposed business combination whether on the terms as
proposed or at all, the ability of MLB to successfully satisfy the conditions
precedent to the completion of the proposed transaction with Etiah, risks,
uncertainties and other factors that are beyond the control of MLB, risks
associated with industry in general, and the uncertainty of estimates and
projections of sales, costs and expenses. In light of the risks and
uncertainties associated with forward-looking statements, readers are cautioned
not to place undue reliance upon forward-looking information. Although MLB
believes that the expectations reflected in the forward-looking statements set
out in this News Release or incorporated herein by reference are reasonable, it
can give no assurance that such expectations will prove to have been correct.
The forward-looking statements of MLB contained in this News Release, or
incorporated herein by reference, are expressly qualified, in their entirety, by
this cautionary statement.

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