EQLB Releases Letter to Shareholders

 

EQ Labs, Inc. announced today that on Saturday, August 29, 2009, the Company held its first public stockholders' meeting at its headquarters in Las Vegas, Nevada with Maurice "Mo" Owens, the Company's Chairman of the Board and CEO presiding. The Board of Directors of EQ Labs is pleased to announce that all of the recommendations of the Board and the resolutions placed before the shareholders were approved during the shareholder meeting.

Investors traveled from throughout the United States to attend the Company's first annual shareholder meeting and an equally significant number of investors were able to participate in the event online.

One of the most noteworthy highlights of the meeting was Owens' overview of the Company's research and development activities which have developed three new flavors of the EQ Smart Energy Drink tablets: Strawberry Dream, Mo Apple, and Lemon Lime. These new flavors, when combined with water or another beverage of choice, taste more like fruit drinks and are in no way similar in taste to other energy drinks already on the market.

"With a Manufacturer’s Suggested Retail Price (MSRP) of less than one dollar per tablet, we expect these exciting new flavors to fare very well with consumers," Owens commented. "The fact of the matter is, these new flavors came out over a month ago and were immediately marketed to our current distributors and wholesalers (collectively representing over 100,000 points of sale), who have responded very positively."

"The next phase of this marketing initiative will entail expanding the demand for these effervescent tablets with new consumer oriented retail organizations so that they too might 'think outside the can' and appreciate the impact, unique characteristics of this product, and income potential," Owens concluded.

 

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