OraLabs Second Amendment to Stock Exchange Agreement

                                                                    Exhibit 99.1

         OraLabs Second Amendment to Stock Exchange Agreement


    PARKER, Colo.--(BUSINESS WIRE)--Oct. 17, 2006--OraLabs Holding
Corp. (NASDAQ:OLAB) announced that on October 12, 2006, it entered
into a Second Amendment (the "Amendment") to the Stock Exchange
Agreement dated March 31, 2006 (the "Agreement") with Partner Success
Holdings Limited ("PSHL") and Wo Hing Li, sole shareholder of PSHL.
The Agreement provides that a party may terminate the Agreement if
closing of the transactions does not occur by October 15, 2006. The
Amendment extends that date to January 15, 2007. There can be no
assurance that the transactions described in the Agreement will close
or that a closing will occur by January 15, 2007.

    OraLabs, Inc. manufactures Ice Drops(R) brands oral care products;
Sour Zone(TM) brands sour products; and Lip Rageous(R), Lip
Naturals(R), Chap Ice(R), Extra Lip Moisturizer, Leashables(R),
Cha