LANSING, Mich., April 3, 2008 (PRIME NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCBB:KBLB) announced today that it has completed its annual financial audit for the year ending December 31, 2007, and has filed its 10K with the Securities and Exchange Commission. The company’s 10K is available on the EDGAR system and will be available in a few days on the company’s web site: www.KraigLabs.com