TechLabs Inc. is a holding company which though its subsidiaries provides machining, welding, specialty designing, and fabrication for custom applications. It repairs and distributes gearboxes, pumps, bearings, bushings, chains, couplings, idlers, electronic motors, pulleys, sheaves, and sprockets. In addition, the company also provides boutique financing and production services for independent film and television productions. It would offer film and television production funding on the basis of government guaranteed rebates that include script budgeting, production offices, location scouting, assembly and management of production personnel, and production accounting services. The company also acquires interests in high-growth companies in resort, food distribution, and cigar manufacturing businesses. The company was formerly known as Coordinated Physician Services, Inc. and changed its name to TechLabs Inc. in February 1999. TechLabs Inc. was founded in 1998 and is based in Jensen Beach, Florida.