EQ Labs Announces Three Hundred Percent Increase in Revenues
June 17 2010 - 8:00AM
EQ Labs, Inc. (Pink Sheets:EQLB) announced today a 300 percent
increase in revenues for the first quarter 2010 compared to the
fourth quarter 2009 in one of its key sales regions. The sales
region encompasses Las Vegas and the surrounding area and the
numbers were derived predominantly from EQ's sales in 43
convenience store locations. This record breaking quarter also
followed a strong Q4 2009. The company continues to see positive
trends in all of its key markets.
The building of the EQ brand was a key initiative for the
company in 2010. As a result of the market's acceptance of EQ as a
powerful and healthy energy drink, EQ's "Smart Energy Drink" has
performed well in major retailers in additional key markets
including New York, California and Florida.
Maurice Owens, Chief Executive Officer of EQ Labs, commented,
"We are very happy to deliver this exciting news to our
shareholders. We want to stress that this is sequential growth as
we have seen a sudden spike of sales in First Quarter 2010 as
compared to Fourth Quarter 2009."
Mr. Owens continued, "As a result of these sales, we expect
sales to continue to accelerate in some of our key territories. We
believe that the EQ story is about to receive national
attention."
About EQ Labs, Inc. EQ Labs is engaged in the
development, marketing and sale of EQ ("The Smart Energy Drink").
EQ is an effervescent tablet that can be dissolved in any beverage
to provide instant energy, consisting of a blend of essential
vitamins, Gingko Biloba, and less caffeine than a cup of coffee. EQ
is currently sold at Best Buy, 7-Eleven, Walgreens and other
leading retailers. 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
702-445-7762
Fax: 702-445-7762
mo@drinkeq.com
Bob Fain, COO
bob@drinkeq.com
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