BURNABY, British Columbia, April 10, 2006 (PRIMEZONE) -- EYI Industries Inc. ("EYI") (OTCBB:EYII), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, is pleased to announce that its wholly owned subsidiary Essentially Yours Industries (International) Limited ("EYIINTL"), has signed a non-binding Letter of Intent ("LOI") with Raul Bautista and Rommel Panganiban (the "Bautista Group") to act as managing partners and distributors for the Philippines. The LOI is subject to, among other things, the entry into a definitive agreement between the parties on or before July 1, 2006. There are no assurances that this transaction will be completed.
EYIINTL intends to work with the Bautista Group to set up an office to facilitate the establishment of a network marketing opportunity for the Philippines.
EYIINTL President and CEO, Mr. Dori O'Neill stated, "We are very pleased to be working with the Bautista Group. They have many years of experience in selling consumer based products in the Philippines. In addition they own and operate a warehouse and distribution facility in Subic Bay which is located in a tax free zone." O'Neill continued to say, "I believe the LOI represents a significant step towards our plan to expand our sales throughout South East Asia."
Mr. Raul Bautista stated, "We are very impressed with the EYI product line and we believe that the people of the Philippines need EYI products. Like other countries around the world, Filipinos suffer from obesity and other health problems. Calorad and other EYI products may help to address some of these issues and the Code Blue Water Filtration System offers a unique solution to the Philippines arsenic contaminated water supply. The Bautista Group continues to represent products of multinational companies in the Philippines on an exclusive and non-exclusive basis. The collective experience of the Bautista Group includes establishing and setting up a U.S. hardware chain in the Philippines. Currently the products that we represent are distributed to more than 100 outlets throughout the Philippines."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYI Industries IR Hub located at http://www.agoracom.com/IR/EYI . Alternatively, investors can e-mail AGORA Investor Relations directly at EYII@Agoracom.com.
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(tm) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(r), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(r) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE(r), is experiencing similar success to CALORAD(r) and bringing our customers the benefits of a natural energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
The EYI Industries Inc. logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=2202
This press release contains forward-looking statements, particularly as related to, among other things, EYI's product purchase agreements and EYI's business strategy. The words or phrases "would be", "will allow", "intends to", "may result", "are expected to", "will continue", "anticipates", "expects", "estimate", "project", "indicate", "could", "potentially", "should", "believe", "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause EYI's actual results, performance or achievements, or developments in its industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the enforceability of its product purchase contracts in foreign countries, the performance of EYI's staff, management, financing, competition, EYI's ability to implement or manage its expansion strategy, general economic conditions and other factors that are detailed in EYI's Annual Report on Form 10-KSB and on documents EYI files from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. EYI cautions readers not to place undue reliance on such statements. EYI does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the EYI's expectations and estimates.
EYI Industries Inc. (OTCBB:EYII)