EP Global Communications Inc fka EPGL

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EP Global Communications, Inc. Announces Approval of 10:1 Reverse Split and Company Restructuring Plan by Shareholders Jun 8, 2012 - 1:05:19 PM

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EP Global Communications, Inc.(EPGL) held it's Shareholder Meeting today, June 8, 2012. The proposed 10:1 reverse split and plan to restructure the Company was approved by shareholders by a 15 to 1 margin. With this approval, some $10.0 million dollars of debt will be eliminated from the balance sheet and converted into equity. As a result, EPGL will move forward with a significantly improved financial balance sheet which will be filed publicly in near future. EPGL plans to become a fully reporting company with intentions of moving up to OTCBB listing as soon as possible. EPGL will immediately be taking steps to effectuate that move and believes it is in the best interest of shareholders going forward.

EPGL will have further announcements shortly, regarding new company management, strategic direction as a medical equipment device manufacturer and marketer and asset acquisitions under way within the medical device field. Please check here often for new information and company developments.