ALL NEW DD - CEO Q&A
In case you missed, this Q&A is new from yesterday 10-11-10. It is posted above in stickies too.
NEW: CEO Q&A 10-11-10
WITH PERMISSION TO POST EXCLUSIVELY ON IHUB 10-11-10
Q: We understand the video Q&A is delayed for a few days. Can you update shareholders on that?
A: I received a call late today at the office that the studio doing the taping and interview was having some difficulty with its audio systems. They suggested that the interview be postponed until October 18 but are looking at trying to do it later this week as my scheduling permits. This was not an interview with EP staff, but an interview I had agreed to do with third party media.
Q: Congratulations on the US Marines contract. Can you let us know if this was part of the $1.1M mentioned before and will there be a US Army announcement coming soon?
A: Thank you. Yes, the USMC Contract was part of the $1.1 million announced earlier. The second part is a Congressional Appropriation for which we have been approved but are in the middle of discussions about deliverables and designing yardsticks to measure performance in scientific terms. We hope to finalize this with the Army soon.
Q: Can you update us on the International licensing agreement in progress?
A: We are having ongoing discussions with one of the largest international publishing firms in the world about an international content licensing arrangement for a Hispanic Version of EP Digital. We hope to conclude these discussions by the end of this fiscal year. As you may know, the Hispanic market is extremely large and encompasses both Latin America, the U.S., and Europe.
Q: Is the company willing to look at ways to substantially reduce the number of shares in the float with a company buy-back and retirement in the future?
A: The EPGL Board of Directors is always vigilant about these kinds of things and the subject (of buying back shares) has been raised from time to time. It is, however, intriguing and is certainly something that we will be discussing further at our next Board Meeting.
Q: Is EPGL involved in development of more than one medical device and will investors learn more by November WCD conference ?
A: EPGL has had ongoing involvement with at least two medical devices, one involving sleep disorders and stress and the other involving pain. Both subjects will be discussed at the upcoming World Congress on Disabilities at the Dallas Convention Center in Dallas, Texas, November 18-19 of this year. Of particular interest is the Muscle Pain Detection Device which Norman Marcus, MD has had a hand in developing along with the Stevens Institute of Technology. Together with his intervention therapy, the system pioneered by Dr. Marcus offers relief from pain and avoidance of unnecessary surgeries for a large number of people. Indeed, there is over $86 billion spent on chronic back pain treatments in this nation every year. It is my fervent hope that investors as well as current subscribers will come to Dallas and listen not just to Dr. Marcus but to the many world renowned physicians and thought and opinion leaders offering hope and wisdom to all those involved in the care and development of people with disabilities and special needs. That being said, I would be remiss if I did not suggest that anyone who is an investor in ERP ought to become a subscriber to EP Digital and be kept informed every step of the way.
