Eternal Technologies (fka ETLT)

[Stock]

iBox archive


Location
Sect. D, 5/F
Block A. Innotech Tower
235 Nanjing Rd, Heping District
Tianjin 300052
China

Contact
Phone: [phone]

Website
www.eternaltechs.com

Estimated Market Cap
$22,526,698 USD as of Apr 9, 2008

Outstanding Shares
47,929,145 as of Dec 31, 2007

CIK
0001096662

IR
Heron Public Relations Group Inc.
Annie Shi, 281-683-2395
[e-mail]

Transfer Agent
OTC Stock Transfer, Inc.,
231 E. 2100 South
P.O. Box 65665
Salt Lake City, UT 84165

Formerly Waterford Sterling Corp. until 12-02

Profile
Eternal Technologies Group, Inc., through its subsidiaries, engages in the manufacture and distribution of agricultural genetics and medical equipment in the People's Republic of China. It focuses on the development and application of animal husbandry techniques to produce improved food products. The company also engages in the development, manufacturing, and marketing of medical equipment and technologies used in the detection and prevention of breast cancer in humans. In addition, it offers a range of livestock breeding products and services, including sale of embryos, artificial insemination and embryo transplant services, and related products and services for livestock operators. Further, Eternal Technologies engages in commercial turtle farming, as well as processes and sells mutton. Its medical equipment operations include manufacture, development, and sale of a medical device, Three-operator Mammary Gland Detecting System, which is used to examine persons and detect early stage breast cancer. Eternal Technologies was founded in 2000 and is based in Tianjin, the People's Republic of China.

Officers
Mr. Jian Sheng Wei, 55
Chief Exec. Officer, Pres, Chief Operating Officer
Ms. Zheng Shen, 40
Chief Financial Officer
Mr. Yuguo Chang, 39
Assistant to Chairman
Mr. Yang Chunrui,
Chief Accounting Officer
Ms. Rui Zhai, 40
Sec.

Clarification of the Western Securities Release
Wednesday December 5, 10:24 am ET

Counsel for Eternal Technologies Group Stated Company Does Not Have Sufficient Assets in the United States to Post Bond to Stay Enforcement of Writ of Execution and Asset Seizure

HOUSTON, TX--(MARKET WIRE)--Dec 5, 2007 -- Counsel for Eternal Technologies Group, Inc. (OTC BB:ETLT.OB - News) has stated to Western Securities Corporation that ETLT does not have sufficient assets in the U.S. to post a supersedeas bond in the amount of the judgment as required to stay the enforcement of the writ of execution and the seizure of ETLT assets. A final judgment of $732,290 was rendered in favor of Western Securities Corporation in the U.S. District Court of the Southern District of Texas, Civil Action Number H-O5-02504 on October 31, 2007.

ETLT has recently announced its intention to spin-off its E-SEA subsidiary to its shareholders. The stock of this wholly owned subsidiary, as well as any other assets of ETLT, are subject to seizure until a bond is posted.

The stock may seized to satisfy the judgment and the shares will be held or sold while the appeal proceeds in lieu of ETLT not being able to post a supersedeas bond. Until the judgment is satisfied, ETLT can not open a facility or conduct any operations in the United States. All of its assets will be immediately subject to seizure and any funds will be subject to garnishment until the judgment has been satisfied.


Contact:

Contact:
Western Securities Corporation
[phone]

---

Ownership:
Major holder 8.8% - Sansar
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5726306

News
http://finance.yahoo.com/q/h?s=ETLT.OB

2005 Annual Report - Ammended Apr-08
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5857348

2006 Annual Report
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5089727

2007 Annual Report
http://pinksheets.com/edgar/GetFilingHtml?FilingID=5840933

Share price


King Capital Investment Group
http://kingcapital.tripod.com