LAS VEGAS, Sept. 14 EQ Labs, Inc. (Pink Sheets: EQLB) announced today that on Saturday, August 29, 2009, the Company held its first public stockholders' meeting at its headquarters in Las Vegas, Nevada with Maurice "Mo" Owens, the Company's Chairman of the Board and CEO presiding. The Board of Directors of EQ Labs is pleased to announce that all of the recommendations of the Board and the resolutions placed before the shareholders were approved during the shareholder meeting.
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Investors traveled from throughout the United States to attend the Company's first annual shareholder meeting and an equally significant number of investors were able to participate in the event online.
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One of the most noteworthy highlights of the meeting was Owens' overview of the Company's research and development activities which have developed three new flavors of the EQ Smart Energy Drink tablets: Strawberry Dream, Mo Apple, and Lemon Lime. These new flavors, when combined with water or another beverage of choice, taste more like fruit drinks and are in no way similar in taste to other energy drinks already on the market.
"With a Manufacturers Suggested Retail Price (MSRP) of less than one dollar per tablet, we expect these exciting new flavors to fare very well with consumers," Owens commented. "The fact of the matter is, these new flavors came out over a month ago and were immediately marketed to our current distributors and wholesalers (collectively representing over 100,000 points of sale), who have responded very positively."
"The next phase of this marketing initiative will entail expanding the demand for these effervescent tablets with new consumer oriented retail organizations so that they too might 'think outside the can' and appreciate the impact, unique characteristics of this product, and income potential," Owens concluded.
About EQ Labs, Inc.
EQ Smart Energy Drink(R) is an effervescent tablet that provides instant energy in any beverage. Consisting of a blend of essential vitamins, Gingko Biloba, and less caffeine than a cup of coffee, EQ keeps you going any time - - day or night. Since one tablet of EQ Smart Energy Drink(R) is the equivalent of one can of any competing energy drink on the market, it is more economically efficient and convenient for consumer usage than most energy drink products in the marketplace. EQ is sold either in packets of one single tablet or three-inch tubes of six tablets. The product does not have to be kept cold to enjoy nor does it require a lot of space. As an example, a three-inch tube containing six tablets can be transported in a pocket or purse, and yet it is the equivalent of 6 cans of energy drink, when combined with eight - ten ounces of any beverage, at a significant cost savings. EQ is all about energy and living the All-American Lifestyle.
The Company presently distributes its products through national distributors, such as McLane Distributors, which distributes to the national convenience store chain, 7-Eleven, and numerous other regional distributors, and has been approved for consumer consumption by the Ministries of Health in Latin America countries such as Mexico and Brazil. Similar approval is pending in Brazil, where the largest nation-wide pharmacy chains have formally requested national distribution privileges.
The Company sponsors athletes from a diverse field to assist in promoting its products. EQ Labs, Inc. sponsored the off-track racing teams that won 1st Place (in Series 5) in the prestigious Baja 1000 in 2007, the LVDC team who won the 2008 Baja 1000 and has won 1st Place trophies in 15 of its last 17 races, with the EQ brand prominently displayed by the drivers and their crew.
Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by EQ Labs, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Contact: Maurice "Mo" Owens, CEO EQ Labs, Inc. TEL: 702-445-7762 Email: [email protected]; or Bob Fain, COO Email: [email protected], and [email protected] Web Sites: www.drinkeq.com
SOURCE EQ Labs, Inc.
