LAS VEGAS, June 17, 2010 (GLOBE NEWSWIRE) -- EQ Labs, Inc. (Pink Sheets:EQLB) announced today a 300 percent increase in revenues for the first quarter 2010 compared to the fourth quarter 2009 in one of its key sales regions. The sales region encompasses Las Vegas and the surrounding area and the numbers were derived predominantly from EQ's sales in 43 convenience store locations. This record breaking quarter also followed a strong Q4 2009. The company continues to see positive trends in all of its key markets.
The building of the EQ brand was a key initiative for the company in 2010. As a result of the market's acceptance of EQ as a powerful and healthy energy drink, EQ's "Smart Energy Drink" has performed well in major retailers in additional key markets including New York, California and Florida.
Maurice Owens, Chief Executive Officer of EQ Labs, commented, "We are very happy to deliver this exciting news to our shareholders. We want to stress that this is sequential growth as we have seen a sudden spike of sales in First Quarter 2010 as compared to Fourth Quarter 2009."
Mr. Owens continued, "As a result of these sales, we expect sales to continue to accelerate in some of our key territories. We believe that the EQ story is about to receive national attention."
About EQ Labs, Inc. EQ Labs is engaged in the development, marketing and sale of EQ ("The Smart Energy Drink"). EQ is an effervescent tablet that can be dissolved in any beverage to provide instant energy, consisting of a blend of essential vitamins, Gingko Biloba, and less caffeine than a cup of coffee. EQ is currently sold at Best Buy, 7-Eleven, Walgreens and other leading retailers. For more information about EQ, visit: http://www.drinkeq.com/.
The EQ Labs, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7430
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.