IRVINE, Calif., April 14, 2014 /PRNewswire/ -- EP Global Communications, Inc., (OTC Ticker EPGL) has been informed by PwC Caymans that it wishes to hold 100% of its 2 Billion Common shares in EPGL which it manages on behalf of AJW Funds and does not wish to give up any EPGL equity at this time.
Earlier this year, referring to on-going developments with a 3rd Party and EPGL MEMS technology, Mr. Ian Stokoe of PwC Caymans, stated publicly that, "In my view, this is a major milestone and, as a major shareholder, I look forward to the future success of EPGL."
"I do not blame Ian Stokoe for his stance and he is a very intelligent man. I do not wish to give up any of my EPGL equity either, not with the potential of our MEMS technology and what is currently developing for EPGL," added Michael Hayes, President of EPGL.
About EP Global Communications, Inc.
EP Global Communications, Inc. is an advanced technology development company for both medical devices and consumer electronics devices specializing in microelectronic mechanical systems (MEMS).
Safe Harbor Statement
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
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SOURCE EP Global Communications, Inc.