EQ Labs Inks Agreement for Large Purchase Order to Place EQ Energy Drink in Major Convenience Store Chain
September 09 2010 - 8:00AM
EQ Labs, Inc. announced today that it closed a deal with Terrible
Herbst Corporation to place EQ Energy Drink in 108 Terrible Herbst
convenience stores effective immediately. As a result of this
closing, EQ Labs expects to receive a large commercial order for
its energy drink to stock all 108 Terrible Herbst stores within the
next 30 days. Terrible Herbst Corporation owns and operates gas
stations and convenience stores in Nevada, California, Utah and
Arizona. It also engages in operating car wash facilities,
casinos, hotels, parks, slot routes, and motor sports, as well as
in car lube and detail operations. The company was founded in
1937 and is based in Las Vegas, Nevada. Many of the Terrible Herbst
convenience stores are located in Chevron gas stations with point
of purchase advertising displays. As a result of the closing
of this deal with Terrible Herbst, EQ Labs will also receive point
of purchase advertising at over 100 stores. Mo Owens, Chief
Executive Officer of EQ Labs, stated, "This order is confirmation
of the popularity of EQ. We have spent a lot of time and
energy building our brand. This order provides the economic
benefit of a large order. In addition, the advertising
opportunity and the desired location of many of Terrible Herbst's
locations will place our product line in front of millions of
potential customers. "
Owens added, "This deal would not be possible without the help
of Mark Walters and Rio Valentino. Mark Walters, Director of
Merchandising and Sales for Terrible Herbst is an expert in the
sales and merchandising business. We are also consummating a
relationship with a major distributor as a result of Mark's
extensive relationships. I also can't forget Rio Valentino,
our Vice President of Sales. Rio's persistence and skills is
one of the biggest reasons why are sales are beginning to
accelerate and we hope to make many more announcements like this
one over the near future. This is a very big moment for our
company."
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
EQ Labs (PK) (USOTC:EQLB)
Historical Stock Chart
From Jun 2024 to Jul 2024
EQ Labs (PK) (USOTC:EQLB)
Historical Stock Chart
From Jul 2023 to Jul 2024