Eternal Image Inc (fka ETNLQ)

[IRISHBULL]

Did you read this about the A/S? Also, they have over 80% of the 504 done not counting the last few trading days.

A Letter To the Investment Community

Eternal Image management today confirms that it has raised the total amount of authorized shares to 2,375,000,000. This was done to meet obligations of increased production costs during our ramp up phase to fulfill distributor and industry demand for our products. With the possible exception of preferred voting stock, management does not currently foresee any reason to continue raising the total number of authorized shares.

Our core financial management strategy is to fund operations via income from sales, not from authorizing additional shares. Eternal Image Management does not take the issuance of new stock lightly, and does so when absolutely necessary. In an effort to reduce the effect of new stock issuances that took place primarily in Q4 2006, Eternal Image, Inc. management confirms via this bulletin that it intends to put in place a comprehensive stock buy-back program to be launched during the first half of this year. Management anticipates purchasing a meaningful and significant number of shares on the open market from time to time as market conditions dictate. A portion of our operating budget will be allocated for this purpose. More details regarding this program will be made available via press releases in the upcoming weeks. The dilution must now be reversed.

Signed

President and CEO,

Clint Mytych


http://www.eternalimage.net/investors.asp