Here the full annoucement for the anyone lazy to click on the link:
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.
FORWARD-LOOKING STATEMENTS
This proxy statement includes statements that are not historical facts. These statements are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 and are based, among other things, on the Company’s current plans and expectations relating to expectations of anticipated growth in the future and future success under various circumstances. As such, these forward-looking statements involve uncertainty and risk. Other factors and assumptions not identified above could also cause the actual results to differ materially from those set forth in any forward-looking statement. The Company does not undertake any obligation to update the forward-looking statements contained in this proxy statement to reflect actual results, changes in assumptions, or changes in other factors affecting these forward-looking
- Some of the less friendly observers have determined that we will abandon our principles and reveal ourselves as shallow cynical exploiters. We must disappoint them... quite simply put, we walk our talk -
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