Eternal Image Inc (fka ETNLQ)

[al44]

repost of the South America mention. He said "hoping", nothing concrete.
Let me take a moment to wish everyone a happy, healthy, and prosperous 2009 ahead.

........al


Crain's Dtetroit Business article: 2009 sales projections

http://www.crainsdetroit.com/article/20081223/FREE/812239981/-1


3:23 p.m., Dec. 23, 2008
Eternal Image moving from Pink Sheets to OTC Bulletin Board
By Nancy Kaffer


Farmington Hills-based Eternal Image Inc. is moving up in Wall Street’s world.

The Securities and Exchange Commission has approved the Farmington Hills-based maker of licensed brand image funerary products’ application to move from the Pink Sheets to the Over the Counter Bulletin Board exchange.

Companies listed on the OTCBB are required to file financial statements with the SEC, or a banking or insurance regulator. There are no such requirements for a Pink Sheets listing. The OTCBB is offered by the National Association of Securities Dealers, but companies listed on the bulletin board aren’t part of the Nasdaq.

CEO Clint Mytych said he hopes the move will increase Eternal Image’s legitimacy in the eyes of consumers, investors and funeral homes.

Eternal Image will end the year with about $1 million in revenue, Mytych said, but is projected to finish 2009 with $4 million to $6 million in sales.

The company launched a line of caskets this month, he said, which retail at a higher price point than the urns it has made.

Eternal Image also expanded its distribution network this year, growing from less than 20 distributors to roughly 300.

The company offers funerary products with licensed images from well-known brands like Major League Baseball; iconic television show “Star Trek;” Precious Moments, best known for its ceramic figurines; and the Vatican.

Eternal Image also makes pet monuments licensed by the American Kennel Club and the Cat Fanciers Association.

Mytych said the company is hoping to expand its South American distribution in 2009.