JOHNSTOWN, Pa., Jan. 12 /PRNewswire-FirstCall/ -- EP Global Communications, Inc. (the Company), (Pink Sheets: EPGL), (www.eparent.com), the parent company of Exceptional Parent (EP) magazine, is releasing the following information related to announcements made by Joseph M. Valenzano, Jr., President & CEO. Valenzano has commented on the December 29, 2009 Annual Shareholders Meeting; recently concluded World Congress & Exposition on Disabilities; discussions with medical schools and clinics in Argentina and Chile who have expressed interest in EP Digital; role as a panelist at the Board of Governors of the Federal Reserve in Washington, D.C. in February; agreements with the U.S. Army, U.S. Coast Guard, and U.S. Marine Corps; grant for the continuation of the Exceptional Family Transitional Training (EFTT) project; and exploratory discussions with several companies in the nutraceutical market.
At the December 29, 2009 Annual Shareholders Meeting, both Diane Jones and Dan Baier, CPA were re-elected to the Board of Directors. Additionally, the management-proposed Reverse Stock Split was defeated by a two to one voting margin. "The Company respects the decision made by its shareholders but now must pursue another way to raise capital to fuel the growth articulated in the Vision Statement on the Company's website at http://www.eparent.com," explained Valenzano. "In addition, we are in default under the terms of our existing Convertible Debt financing with NIR. Accordingly, we are taking steps to initiate a Special Shareholders Meeting that we hope to convene in late February for the purpose of increasing the number of authorized shares from 2.0 billion to 5.0 billing, thus affording the ability to raise additional capital and honor our financial commitments. Fortunately, NIR has expressed a willingness to cooperate with our plans and there are several companies and organizations who have expressed an interest in investing in EPGL and, pending the approval of the increase in authorized shares by our shareholders, this will allow us to move forward."
The recently concluded World Congress & Exposition on Disabilities (WCD) was a resounding success for EP and the Company is now moving forward to implement WCD-2010 in Dallas, Texas in November. "We anticipate continued participation from the Department of Defense and from major pharmaceutical, financial services, and medical equipment manufacturers for this decade-long annual venture," stated Valenzano.
The Company has also resumed discussions with medical schools, rehabilitation facilities, and clinics in Argentina and Chile who have expressed interest in EP Digital, the electronic version of EP's flagship publication, Exceptional Parent magazine. Valenzano has commented that he is enthusiastic about these discussions in view of the opportunities this presents for possible expansion into a Spanish language version of EP.
Additionally, Valenzano was recently invited to serve as a panelist at the Board of Governors of the Federal Reserve in Washington, D.C. on February 2-3, 2010 for a conference dealing with investment opportunities for people with disabilities, sponsored by the Federal Reserve Bank of Boston and The Disability Opportunity Fund.
Regarding the Company's 2010 work with the military, Valenzano has announced that EP has entered into an agreement with the U.S. Army for the continuation of its services throughout all of 2010 including, but not limited to, print and digital versions of Exceptional Parent and customized Pocket Resource Guides. Similar agreements were entered into with the U.S. Coast Guard and with the U.S. Marine Corps and the Company has received a commitment that its funding for the Exceptional Family Transitional Training (EFTT) project was approved for 2010.
Finally, the Company has begun exploratory discussions with several companies in the multi-billion dollar nutraceutical market. "There is a paucity of information available for products and services in this arena and families as well as physicians rely on products which are based on quality scientific research," explained Valenzano. "EPGL is uniquely positioned to review, evaluate, and present excellent information on these products and their efficacy and safety as well as interactions and possible contraindications with Rx medications. Sale of selected products through the company's online portals might also be possible. This is a huge potential opportunity that deserves our attention and analysis."
Valenzano encourages all shareholders and those interested in Company developments to visit its website at http://www.eparent.com. (Registration is free following the completion of a basic contact form. Visit the Investor Relations channel for all current information and activities related to EP Global Communications, Inc.)
About EP Global Communications, Inc.
EP Global Communications, Inc., parent company of Exceptional Parent (EP) magazine, is a 39-year-old, award-winning, multi-media publishing and communications company, providing timely and indispensable resources and information to families and professionals caring for the needs of children and adults with disabilities and special health care needs, including families in the U.S. Military.
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.
SOURCE EP Global Communications, Inc.