This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

President And CEO Of EP Global Communications, Inc. Discusses Current Projects And Results Of Annual Shareholders Meeting

JOHNSTOWN, Pa., Jan. 12 /PRNewswire-FirstCall/ -- EP Global Communications, Inc. (the Company), (Pink Sheets: EPGL), (, the parent company of Exceptional Parent ( EP) magazine, is releasing the following information related to announcements made by Joseph M. Valenzano, Jr., President & CEO. Valenzano has commented on the December 29, 2009 Annual Shareholders Meeting; recently concluded World Congress & Exposition on Disabilities; discussions with medical schools and clinics in Argentina and Chile who have expressed interest in EP Digital; role as a panelist at the Board of Governors of the Federal Reserve in Washington, D.C. in February; agreements with the U.S. Army, U.S. Coast Guard, and U.S. Marine Corps; grant for the continuation of the Exceptional Family Transitional Training (EFTT) project; and exploratory discussions with several companies in the nutraceutical market.

At the December 29, 2009 Annual Shareholders Meeting, both Diane Jones and Dan Baier, CPA were re-elected to the Board of Directors.  Additionally, the management-proposed Reverse Stock Split was defeated by a two to one voting margin.  "The Company respects the decision made by its shareholders but now must pursue another way to raise capital to fuel the growth articulated in the Vision Statement on the Company's website at," explained Valenzano. "In addition, we are in default under the terms of our existing Convertible Debt financing with NIR.  Accordingly, we are taking steps to initiate a Special Shareholders Meeting that we hope to convene in late February for the purpose of increasing the number of authorized shares from 2.0 billion to 5.0 billing, thus affording the ability to raise additional capital and honor our financial commitments.  Fortunately, NIR has expressed a willingness to cooperate with our plans and there are several companies and organizations who have expressed an interest in investing in EPGL and, pending the approval of the increase in authorized shares by our shareholders, this will allow us to move forward."

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs