IRVINE, Calif., Feb. 12,
2014 /PRNewswire/ -- EP Global Communications, Inc., (OTC
Ticker EPGL) announces that EPGL management has proposed a
share structure reduction which would bring the authorized share to
fewer than 2.99 Billion.
EPGL has been in discussions with PwC Caymans Ltd., who is the
custodian of 2 Billion shares of EPGL common stock for AJW Funds,
about the proposal of retiring a large number of shares and
reducing the authorized count. Specifically, Company
President, Michael Hayes is
proposing to retire a large amount of his personal shares if PWC
will match his offering exactly.
"This action would increase the equity percentage held by all
common retail shareholders. I stand ready if they (PwC) are
willing." Said Michael
Hayes.
The Company is currently maneuvering to become fully SEC
reporting, up-list trading tiers and a reduction in share structure
is part of that overall strategy under proposal by Company
Management.
About EP Global Communications, Inc.
EP Global Communications, Inc. is an advanced technology
development company for both medical devices and consumer
electronics devices.
Safe Harbor Statement
Certain matters discussed in this press release are
"forward-looking statements" intended to qualify for the safe
harbors from liability established by the Private Securities
Litigation Reform Act of 1995. In particular, the Company's
statements regarding trends in the marketplace and potential future
results are examples of such forward-looking statements. The
forward-looking statements include risks and uncertainties,
including, but not limited to, the timing of projects due to the
variability in size, scope and duration of projects, estimates made
by management with respect to the Company's critical accounting
policies, regulatory delays, clinical study results which lead to
reductions or cancellations of projects, and other factors,
including general economic conditions and regulatory developments,
not within the Company's control. The factors discussed herein and
expressed from time to time in the Company's filings with the
Securities and Exchange Commission could cause actual results and
developments to be materially different from those expressed in or
implied by such statements. The forward-looking statements are made
only as of the date of this press release and the Company
undertakes no obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances.
RELATED LINKS
http://www.epglmed.com
SOURCE EP Global Communications, Inc.