Eternal Image Completes Sale of Stock under Rule 504 of Regulation D
Feb 16, 2007 12:08:00 PM
Copyright Business Wire 2007
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--
Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of customized designer caskets and urns, today announced that it has exhausted its available pool of stock shares saleable under Rule 504 of Regulation D of the US Securities and Exchange Commission.
"In order to properly fund much of our early growth we sold shares under this rule of exemption," said Clint Mytych, CEO of Eternal Image. "Now that our products have begun to reach the market, and because we are well into our plans to complete our audit for the company's move to the OTC Bulletin Board, we have exhausted the number of saleable shares and have now concluded this process."
Eternal Image is seeking to make the move from Pink Sheets to the OTC:BB in the coming months. In the meantime, the company has begin selling its first Vatican Library Collection(TM) urns (the Li'Italiano Classico model) and pre-selling its American Kennel Club(TM) pet urns. Sales of both are strong. Additional products including the first eight Major League Baseball(TM) team urns will be available next month.
For an explanation of Rule 504, please visit
www.sec.gov/answers/rule504.htm.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball(TM), Precious Moments(TM) and the Vatican Library Collection(TM), as well as pet urns featuring the American Kennel Club(TM). For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Source: Eternal Image, Inc.
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