EQ Labs Reduces Manufacturing Costs and Increases Operating Efficiencies
February 18 2010 - 7:00AM
PR Newswire (US)
LAS VEGAS, Feb. 18 /PRNewswire-FirstCall/ -- EQ Labs, Inc. (Pink
Sheets: EQLB), a manufacturer and distributor of the EQ Smart
Energy Drink® effervescent tablets, announced today that it has
entered into a partnership with one of the world's largest private
label tablet manufacturers who has the capacity to produce one
million EQ drink tablets per day. This relationship will result in
reduced labor and transportation costs and quicker turnaround times
for reorders placed by the Company's distributors and brokers. "The
Company has recently taken measures to enhance our operating
efficiencies in order to meet the growing demand for our products,
which now come in recyclable plastic tubes and individual
biodegradable packets," Maurice "Mo" Owens, the CEO of EQ Labs
stated. "By entering into this new manufacturing partnership, we'll
be reducing the number of steps required in the manufacturing and
distribution processes and should be able to increase our gross
profit margin by 25%. Owens continued, "All of us believe this new
operating model will enable us to step up our game and realize our
goal of acquiring a competitive share of the energy drink market."
About EQ Labs, Inc. EQ Labs Smart Energy Drink(TM) is an
effervescent tablet that provides instant energy to 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. For more information about EQ, visit:
http://www.drinkeq.com/. 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 FAX: 702-445-7762 or Bob Fain, COO DATASOURCE: EQ
Labs, Inc. CONTACT: Maurice "Mo" Owens, CEO, +1-702-445-7762, fax,
+1-702-445-7762, , or Bob Fain, COO, , both of EQ Labs, Inc. Web
Site: http://www.drinkeq.com/
Copyright