LAS VEGAS, May 20, 2010 (GLOBE NEWSWIRE) -- EQ Labs, Inc. (Pink Sheets:EQLB) announced today that in a private discussion late last night, EQ Labs Chief Executive Officer answered some of the most frequently asked questions that the company has received from investors within the past 90 days. Because of the presence of the company's energy drink on the shelves of some well known companies, the company has received many inquiries from interested investors. These are the answers to the most frequently asked questions.
Is it true that your products are now on the shelves of some of the world's largest companies?
The answer is true but we have been asked specifically by these companies to not explicitly name any companies in our press releases. It seems that some of our shareholders have taken pictures of the products on the shelves of these stores so that any shareholder can do their own due diligence and see that the product is right next to more well known products. However and for the benefit of all shareholders, we have honored our partners' request. We understand that it is frustrating to shareholders but we are working for the benefit of the company.
Is the product selling well?
We believe the product is selling very well. Of course, we always want to see the product selling better than it is but we are very pleased with the current market acceptance of the product.
Have you received any re-orders from your distributors?
The answer is yes and we are beginning to see acceleration. Our distributors are doing a great job and we believe we will have interest from other large clients of our distributors over the near future.
Many shareholders are concerned with dilution. Can you comment on this?
Dilution is a misunderstood term on Wall Street. Most IPO's are dilutive. We are growing rapidly and therefore, it would be prudent for our company to raise capital when we can at the best available terms. No one in this company is more concerned with dilution than me because I am the largest single shareholder today. I will never do anything that I believe is not in the best interests of all shareholders' equity positions.
Are you planning on introducing additional products?
Yes, over the very near term. We are also exploring co-branding deals but beyond that, I can't comment.
How does a company the size of EQ Labs compete with large beverage companies and larger energy drink companies?
EQ Labs is an innovator, and often imitated. With creative marketing techniques along with a product that has no equal, EQ finds no boundaries when it comes to acquiring customer's loyalty from even the largest of competitors. EQ is everything and more. Our unique product provides an inexpensive, delicious, portable and most importantly healthy upgrade from the leading brands on the market today.
That leads to one final question. Are you planning to use celebrities to market your product through endorsement deals?
We are currently in direct negotiations with some of the most recognizable male and female celebrity/athlete types in the world the world. Beyond that, I can't comment. Let me just add one thing. Many people say that Tiger and Jordan helped build Nike. It is on that scale.
About EQ Labs, Inc. EQ Labs Smart Energy Drink is an effervescent tablet that provides instant energy to any beverage. Consisting of a blend of essential vitamins, Gingko Biloba, and less caffeine than a cup of coffee, EQ keeps you going any time -- day or night. For more information about EQ, visit: http://www.drinkeq.com/.
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Forward-Looking Statements: This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by EQ Labs, Inc. are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.