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SOHH.com is reporting:

Babs is planning to release a new mixtape, entitled Lady of the Streets, in the coming weeks. The mixtape will feature production by Tony Dofat, D.Dot and the Heatmakerz as well as guest appearances from Jae Millz, Tha Angel, Lace Stonez and Lady Luck. The mixtape will be available on her MySpace page. Babs is also offering her MySpace friends exclusive autographed copies.

I am now confident enough to say that this is her official MySpace page. There are some songs up there, so check it out.