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Re: DonVaBeach post# 178458

Thursday, 01/07/2010 2:41:05 PM

Thursday, January 07, 2010 2:41:05 PM

Post# of 202893
Don back in 2007 when the company was trying to get established they reached out to a "friendly" financer and issued them a lot of shares in exchange for monetary backing. Well the financer turned out not to be that "friendly" and converted the shares and dumped them into the market and Eternal Image took a huge hit from this action. At the time there were many many more shares outstanding and the company really did not have any products to speak of at the time. If not for the actions of this "friendly" financer the company would be much farther along the path to success at this time.

Now the company is basically in the same situation where they are needing money to move the business forward. This time however the company has evolved to where there are many in the funeral industry that are directly involved as evidenced by our inclusion in the Wilbert Cremation choices catalog. What the company is looking for now is an LOC/LOAN so that they will not have to resort to toxic financing again. At this time it is not very easy to secure financing as I am sure that anyone who reads the papers or watches news knows for a fact. I am certain that Eternal Image is working dillegently to secure the RIGHT form of finance to be beneficial to both the company and the shareholders.

Basser

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