11-4-2010 update:
Dear Shareholders,
Eternal Image management would like to inform everyone that after careful consideration, we have decided to pass on the previously mentioned funding scenario. This was done for two primary reasons: First, cash flow from our industry partnership announced earlier this year and cash flow from additional products we’ve brought to market are together helping us grow the best way possible: internally from sales. Second, the loan facility being discussed with us was very costly in terms of interest and closing fees.
This slower but steady organic growth is more desirable than taking on a debt instrument or funding the company through the dilution of stock. Management believes it has made the right decision.
Following our announcement declaring September, 2010 as the best month of sales to date, is the anticipation for more product debuts as well as the forthcoming announcement of a new Licensing Agreement.
Thank you for your continued support,
Eternal Image Management
