Round Table Discussion With EQ Labs Chief Executive Officer Maurice Owens
May 20 2010 - 7:00AM
EQ Labs, Inc. (Pink Sheets:EQLB) announced today that in a private
discussion late last night, EQ Labs Chief Executive Officer
answered some of the most frequently asked questions that the
company has received from investors within the past 90 days.
Because of the presence of the company's energy drink on the
shelves of some well known companies, the company has received many
inquiries from interested investors. These are the answers to the
most frequently asked questions.
Is it true that your products are now on the shelves of
some of the world's largest companies?
The answer is true but we have been asked specifically by these
companies to not explicitly name any companies in our press
releases. It seems that some of our shareholders have taken
pictures of the products on the shelves of these stores so that any
shareholder can do their own due diligence and see that the product
is right next to more well known products. However and for the
benefit of all shareholders, we have honored our partners' request.
We understand that it is frustrating to shareholders but we are
working for the benefit of the company.
Is the product selling well?
We believe the product is selling very well. Of course, we
always want to see the product selling better than it is but we are
very pleased with the current market acceptance of the product.
Have you received any re-orders from your
distributors?
The answer is yes and we are beginning to see acceleration. Our
distributors are doing a great job and we believe we will have
interest from other large clients of our distributors over the near
future.
Many shareholders are concerned with dilution. Can you
comment on this?
Dilution is a misunderstood term on Wall Street. Most IPO's are
dilutive. We are growing rapidly and therefore, it would be prudent
for our company to raise capital when we can at the best available
terms. No one in this company is more concerned with dilution than
me because I am the largest single shareholder today. I will never
do anything that I believe is not in the best interests of all
shareholders' equity positions.
Are you planning on introducing additional
products? Yes, over the very near term. We are also
exploring co-branding deals but beyond that, I can't comment.
How does a company the size of EQ Labs compete with
large beverage companies and larger energy drink
companies? EQ Labs is an innovator, and often imitated.
With creative marketing techniques along with a product that has no
equal, EQ finds no boundaries when it comes to acquiring customer's
loyalty from even the largest of competitors. EQ is everything and
more. Our unique product provides an inexpensive, delicious,
portable and most importantly healthy upgrade from the leading
brands on the market today.
That leads to one final question. Are you planning to
use celebrities to market your product through endorsement
deals?
We are currently in direct negotiations with some of the
most recognizable male and female celebrity/athlete types in
the world the world. Beyond that, I can't comment. Let me just add
one thing. Many people say that Tiger and Jordan helped build Nike.
It is on that scale. About EQ Labs, Inc. EQ Labs
Smart Energy Drink 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/.
The EQ Labs, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7430
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: EQ Labs, Inc.
Maurice "Mo" Owens, CEO
mo@drinkeq.com
Bob Fain, COO
bob@drinkeq.com
702-445-7762
Fax: 702-445-7762
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