For those of you that do not know EP Global Communications, Inc. (EPGL) , parent company of Exceptional Parent (EP) magazine, is a 40-year-old, award-winning, multi-media publishing and communications company. The stock, in my view, is ready to see a substantial rise in price, and it could occur in a violent fashion.
Why is EPGL going to rise and why will that rise be violent? Today the company, for the first time in several years, issued a press release. In it the company stated "Our main goal now is to build shareholder equity to a level befitting the positive developments to be announced shortly." The intriguing part is what are these positive developments to be announced shortly? Why would the company come out with a press release after such a long time of silence... unless these positive developments that are to be announced, will add significant value to EPGL shares. The CEO said today he wants to build shareholder equity, I imagine these developments are going to add that. The violent rally will come when investors chase this stock higher. Investors know this stock can run and run hard.
What does all this mean for EPGL? It means it heads higher from here. The stock last year ran from precisely these levels to $.0024 a share meaning the potential for EPGL is $.0024 or better. It's hit that price before and it could hit it easily again. History tends to repeat itself and I see it doing so here.
If EPGL hits $.0024 that would amount to a 1,200% gain from today's close. If you invest $400 in EPGL at $.0002, those $400 would be worth $4,800 at $.0024. That is the potential profit that EPGL can provide. It has posted those gains before and it can do it again. Considering the bullish stance of the company, I see no reason to believe this stock won't rally just as it did last year.
This stock is worthy of a buy and one to watch going forward. The company seems dead set on returning value to its shareholders. With the share structure maxed out and investor interest returning to this issue I see no reason why EPGL can't go to $.0008 - $.0012 in the short term.
I have a knack for sniffing out these triple zero stocks before the crowd. EPGL will be another in a long line of 1,000% stocks I have called.
JOHNSTOWN, Pa., Sep 14, 2010 (BUSINESS WIRE) -- EP Global Communications, Inc. (EPGL), (the Company), (Pink Sheets: EPGL), (www.eparent.com), the parent company of Exceptional Parent (EP) magazine, has announced that, in a positive development, the Company has reached agreement in principle with its major debt holders to convert more than half of its outstanding debt to shareholder equity.
"We believe that we have had many positive developments and this restructure agreement is just the beginning," said Joseph M. Valenzano, CEO of EPGL. "Our main goal now is to build shareholder equity to a level befitting the positive developments to be announced shortly."
The agreement also includes the proposed issuance of non-voting and voting preferred shares, which will put ultimate control of the company in the hands of management and the board of directors.
Further details on the debt restructure agreement, which will require shareholder approval, will be made available shortly online.
About EP Global Communications, Inc.
EP Global Communications, Inc., parent company of Exceptional Parent (EP) magazine, is a 40-year-old, award-winning, multi-media publishing and communications company, providing timely and indispensable resources and information to families and professionals caring for the needs of children and adults with disabilities and special health care needs, including families in the U.S. Military.
Safe Harbor Statement
Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
SOURCE: EP Global Communications, Inc.
CONTACT:
Posts
No comments:
Post a Comment