EQ Labs Improves Pink Sheets Disclosure Categorization
July 06 2010 - 8:00AM
EQ Labs, Inc. (Pink Sheets:EQLB) announced today that it has begun
the process of ultimately becoming a SEC fully reporting company.
Based on recent requests from high net worth individuals who have
collaborated with the company to help fuel the company's growth, EQ
Labs has uploaded the most recent financials to Pink Sheets. This
has allowed the company to improve its status by one complete
disclosure level on Pink Sheets.
On Friday, June 25th, the company conducted a phone conference
with Pink Sheets expressing its desire to rapidly move up the OTC
Market Tier. The next tier and a near term target for EQ Labs is to
become a Current Information filer with Pink Sheets.
Maurice Owens, Chairman and Chief Executive Officer of EQ Labs,
stated, "We have received requests from certain individuals to
improve our status on the OTC Market Tier. As many officers of
public companies know, maintaining a status as an SEC fully
reporting company is an arduous and expensive task. Simply being a
Pink Sheets current information company is an expensive task and
time-consuming task but it is something that we must now do."
Owens continued, "As our sales accelerate and as we collaborate
with some of the world's most well known celebrities to help build
our brand, reporting our sales and progress to our partners and
investors is an important step. We are committed to this disclosure
process and intend to improve our status even further in the near
future."
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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