Eternal Image - News Releases
Whether you are a reporter working on a story or just checking out the site for future reference, this area offers resources you can use.
Our News Release Archive contains all the news releases we have issued since launch.
News Releases 2008
March 14th, 2008
Eternal Image Products Also to Be Distributed by Detroit Wilbert Vault Corporation to Detroit Urban Market
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced that it has entered into agreements with Covington International Funeral Supply, of Waterloo, Indiana, and Detroit Wilbert Vault Corporation, of Detroit, Michigan, to distribute Eternal Image licensed products.
"We are very pleased and excited to welcome Covington Funeral Supply as our newest distributor,” said David DeAvila, National Director of Sales, Eternal Image. “I found their President, Tony Fifer, his team and their corporate vision to be a perfect fit for Eternal Image’s line of branded funeral products. Their cutting edge thinking and entrepreneurial spirit will uniquely position them to shift traditional funeral industry paradigms and to be an important partner in our overall distribution strategy.”
Covington International Funeral Supply is one of the largest distributors of caskets and urns in the Midwest. The company distributes to 250 funeral homes throughout Michigan, Illinois, Indiana, Ohio, Kentucky and Tennessee. In addition, Covington International Funeral Supply manufactures its own product as well as importing products from other manufacturing partners.
“It is about time someone came out with a product that represents life’s passions,” said Tony Fifer, President, Covington International Funeral Supply. “We are excited to distribute Eternal Image products to the funeral homes in our regions. We know the funeral industry is changing because of consumer wants and needs. People want to leave this life in a meaningful way. We believe Eternal Image products will help them do that by representing individuals for who they are in life, not death.”
Detroit Wilbert Vault Corporation has also entered into an agreement to distribute the complete Eternal Image line of licensed image urns throughout the Detroit region, a key urban market. In addition to Wayne County, Detroit Wilbert Vault also distributes to Oakland and Macomb counties in Michigan. It also reaches portions of Livingston and Washtenaw counties. The company also has two crematories where it plans to display Eternal Image licensed urns in order to gain more exposure from the end consumer.
Detroit Wilbert Vault Corporation was founded in 1931. Graham MacLeod and his wife, Diane gained ownership over the company more than 20 years ago.
“We are looking forward to having Detroit Wilbert Vault Corporation serve as a key distributor for Eternal Image in the Detroit Metro market,” said David DeAvila, National Director of Sales, Eternal Image. “Graham’s experience, dedication to supplying quality products and outstanding customer service are the reasons why Eternal Image is joining forces with this company.”
The distributor currently serves 225 funeral homes and cemeteries. The company is looking to use Eternal Image products to expand its outreach to more businesses.
“We think Eternal Image does an excellent job of getting their products seen by the consumer,” said Graham MacLeod, President, Detroit Wilbert Vault Corporation. “We are excited to see how this business partnership will help Detroit Wilbert Vault gain more exposure in the funeral product business.”
For more information about Detroit Wilbert Vault Corporation call 313-862-1616, Monday through Friday, 7:30am – 5:00pm (EDT.)
For more information about Covington International Funeral Supply call 1-866-828-6943.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™, STAR TREK™, Precious Moments™, the Vatican Library Collection™, and Collegiate Licensing Company™ as well as pet urns featuring the American Kennel Club™ and Cat Fanciers’ Association™. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
March 14th, 2008
Feature to Re-Air on ESPNEWS at Noon
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced that the company and its products will be featured on ESPN’s award-winning program “Outside the Lines” this Sunday, March 16, 2008 at 9:30am (ET). The segment will re-air on ESPNEWS at Noon on Sunday, March 16.
"When we got the call last summer from the producers of ‘Outside the Lines’ we were thrilled,” said Clint Mytych, CEO, Eternal Image. “This is a major opportunity to show millions of sports fans that our products truly represent their passion and love of the game now and for eternity.”
The segment profiles EI’s role in the changing world of funeral personalization and planning. The piece was partially filmed at EI’s headquarters in Farmington Hills last month and at the company’s exhibit booth at the National Funeral Directors Association Expo last fall. Some of the segment was also filmed at the Henry Funeral Home in Audubon, New Jersey, which offers EI products.
“Outside the Lines” is an Emmy-winning investigative series on ESPN that examines sports issues off the playing field. The show is hosted by veteran journalist Bob Ley and reaches more than 93 million households.
ESPN, Inc. is classified as the worldwide leader in sports and the leading multinational, multimedia sports entertainment company with more than 50 business entities. ESPN has been rated the number one cable network for seven consecutive years.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™ STAR TREK™, Precious Moments™, the Vatican Library Collection™ and Collegiate Licensing Corporation™ as well as pet urns featuring the American Kennel Club™ and Cat Fanciers’ Association™. For more information about EI, visit www.eternalimage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as may, will, should, could, expects, plans, intends, anticipates, believes, estimates, predicts, forecasts, potential or continue or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
March 13th, 2008
Licensed Garden Memorial Markers to Be Available Later This Summer
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced that licensed urns for dogs are now being sold to members of the United States military and their families worldwide through the Army and Air Force Exchange Services (AAFES.)
"The licensed urns for dogs are a natural fit within the military community,” said Stephen Spekhardt, owner of Licensed Pet Urns, LLC, distributors of the product. “This product provides the Armed Services and their families the opportunity to honor their K-9 soldiers and family pets. There is no question about the military’s loyalty to its pets. This is being demonstrated in real time, as groups organize to bring home rescued pets of soldiers from overseas.”
AAFES is available to all established military bases and serves 11.5 million military members worldwide. All active duty military, Guard and Reserve members as well as military retirees and family members can purchase the licensed branded dog urn from the AAFES catalog or from the online store. Close to two-thirds of AAFES earnings are paid to MWR (Morale, Welfare and Recreation) programs within the military community.
“We want to honor the relationship between our servicemen and women and their best friends,” said Clint Mytych, CEO, Eternal Image. “We are very proud to have the opportunity to offer our products to soldiers at home and overseas who are putting their lives on the line for our country.”
Later this summer, AAFES will also begin offering licensed urns for cats and licensed Garden Memorial Markers.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™ STAR TREK™, Precious Moments™, the Vatican Library Collection™ and Collegiate Licensing Corporation™ as well as pet urns featuring the American Kennel Club™ and Cat Fanciers’ Association™. For more information about EI, visit www.eternalimage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as may, will, should, could, expects, plans, intends, anticipates, believes, estimates, predicts, forecasts, potential or continue or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
March 10th, 2008
Company Receives First Comments from SEC on its SB-2 Application
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced it has reduced its authorized share count by 1,050,000,000 to bring the total authorized shares down to 750,000,000, dramatically reducing Common Available stock to only 555,000,000 shares.
“We are actively preparing our company for trading on the OTCBB,” said James Parliament, CFO, Eternal Image. “Continuing to streamline our stock structure is an important step in this process. Further significant reductions in both common and preferred stock are possible, contingent upon future market conditions.
“It is a very active and exciting time for us,” he added. “We have also received our first round of comments from the SEC on our SB-2 registration application and are in the process of responding.”
The 1,050,000,000 reduction in the authorized share count reduces the authorized share count to 750,000,000 shares, of which 195,000,000 is preferred voting stock.
The new share structure will be:
| Total Authorized (Number from Transfer Agent) | 750,000,000 | |
| Preferred | 195,000,000 | |
| Common Available (Total Authorized MINUS Preferred) | 555,000,000 | |
| Common Outstanding (Number from Transfer Agent) | 287,428,012 | |
| Restricted Common Shares
(Number from Transfer Agent) |
101,943,919 | |
| Float | 185,484,093 | |
| Treasury | 267,571,988 |
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™ STAR TREK™, Precious Moments™, the Vatican Library Collection™ and Collegiate Licensing Corporation™ as well as pet urns featuring the American Kennel Club™ and Cat Fanciers’ Association™. For more information about EI, visit www.eternalimage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as may, will, should, could, expects, plans, intends, anticipates, believes, estimates, predicts, forecasts, potential or continue or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
February 25th, 2008
Segment Includes EI Urn in Story about Trends in the Funeral Industry
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced that one of its licensed urns was featured on the CBS morning news magazine, The Early Show, as part of a piece about trends in the funeral industry.
"We were thrilled that our product was featured in a national news piece about funeral industry trends,” said Clint Mytych, CEO, Eternal Image. “It is gratifying to see the media give new ideas in the funeral industry the attention they deserve.”
The segment aired Monday, February 25, 2008 between 8:00am and 8:20 am. (EST).
“Our products are a true reflection of how the funeral industry has evolved over time,” added Mytych. “As this segment showed, funeral homes report that more and more customers are seeking ways to personalize their own or a loved one’s funeral. Our products do just that, by representing who people were in life, not in death.”
The Early Show is a national morning daily news program that reaches millions of homes across the U.S. In addition to the day’s top stories, the show features consumer related topics, health issues and features new products.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™, STAR TREK™, Precious Moments™, the Vatican Library Collection™, and Collegiate Licensing Company™ as well as pet urns featuring the American Kennel Club™ and Cat Fanciers’ Association™. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may”, “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential” or “continue” or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
February 8th, 2008
Open Sales Orders for January Are Highest to Date
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products including caskets, urns, monuments and vaults, today announced that it booked more than $203,000 in open sales orders as of January 31, 2008.
"This is a great way to start the year,” said Clint Mytych, CEO, Eternal Image. “Two factors really contributed to the jump. First, the addition of David DeAvila to our team as national sales manager has opened doors for our company and inspired us. And second, media coverage and marketing have consumers asking for our products by name and funeral homes are responding.”
“Looking forward, sales for February are expected to be on pace with our projections for 2008,” he added.
The company also announced that revenue from the fourth quarter of 2007 was $150,000. This was due to delays in manufacturing that have since been addressed and resolved.
“There is no doubt that this has been an educational process for the industry, and we know it is working as we speak with more and more funeral homes and distributors every week,” said Mytych. “Our pipeline continues to fill with product in nearly every line we offer which will keep us on track with our growing sales trends.”
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™, STAR TREK™, Precious Moments™ and the Vatican Library Collection™, as well as pet urns featuring the American Kennel Club™ and Cat Fanciers’ Association™. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may”, “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential” or “continue” or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
January 22nd, 2008
New Product Will Be the First Eternal Image Urns to Be Crafted from Wood
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced its European partner, Reméire Ltd., will manufacture two new branded urns designed exclusively for Eternal Image.
In June, 2007, Eternal Image announced a new joint venture in Europe with Reméire Ltd of Ireland called Eternal Image Europe. Reméire Ltd is providing the funding, manufacturing, and European sales efforts while Eternal Image, Inc. (USA) is providing operational and licensing direction.
“This is our first opportunity to partner with Reméire on a new product, and the agreement allows us to double the urn offerings for our first – and one of our most prestigious – product lines,” said Clint Mytych, CEO, Eternal Image. “In addition, we can now offer urns using a new material (fine wood) that we believe will be very well received by our customers. The products will be sold in the US first, and then, most likely, globally.”
The new designs will be the first Eternal Image urns to be crafted from wood. The dimensions of the new urns will be compatible with the size of the standard urn vault and most niches. Prototypes are expected to be completed this March.
About Reméire, Ltd.
Reméire, Ltd. is headquartered near Dublin, Ireland. The company, which designs, manufactures and markets specialist coffins, caskets, urns and associated memorial products for the European and North American markets, has established a network of distribution partners across Europe. For more information about Reméire Ltd., visit www.remeire.com and www.heritagecoffins.com or call 1-866-596-6708.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball„ STAR TREK, Collegiate Licensing Company, Precious Moments, and the Vatican Library Collection„ as well as pet urns featuring the American Kennel Club, and Cat Fanciers’™ Association. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may”, “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential” or “continue” or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
January 17th, 2008
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced it has moved to the highest status under the Pink Sheets disclosure categories. Prior to this upgrade, Eternal Image was recognized with a Yield sign, suggesting the company reported limited information to investors. Under the new category of “Current Information,” the company is able and willing to provide all adequate public information in a timely manner.
"This new Pink Sheet symbol represents the transparent nature of our company,” said Jim Parliament, CFO, Eternal Image. “Being trustworthy and open to our stakeholders is a top priority. We want our investors to put their utmost confidence in their shareholdings.”
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball, STAR TREK, Precious Moments, and the Vatican Library Collection, as well as pet urns featuring the American Kennel Club, and Cat Fanciers’™ Association. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as may, will, should, could, expects, plans, intends, anticipates, believes, estimates, predicts, forecasts, potential or continue or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
January 17th, 2008
New Trading Symbol Debuts After Reverse Stock Split on January 15, 2008
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced it has retired four billion shares of stock thereby reducing the company’s total authorized share count to 1.8 billion shares.
“Earlier this week we announced that we had submitted our application to the SEC for authorization to trade on the OTCBB. Today’s stock retirement is the next step in helping position Eternal Image for this move,” said James Parliament, CFO, Eternal Image. “Our commitment to our stakeholders is firm: our goal is to always provide value. This considerable reduction in authorized shares will offer added value to existing shareholdings as, by nature, it has increased their percentage of ownership in the company.”
The retirement of four billion shares reduces the authorized share count to 1.8 billion shares, of which 195,000,000 is preferred voting stock.
The new share structure will be:
| Total Authorized (Number from Transfer Agent) | 1,800,000,000 | |
| Preferred | 195,000,000 | |
| Common Available (Total Authorized MINUS Preferred) | 1,605,000,000 | |
| Common Outstanding (Number from Transfer Agent) | 224,428,012 | |
| Restricted Common Shares (Number from Transfer Agent) | 38,943,919 | |
| Float | 185,484,093 | |
| Treasury | 1,380,571,988 |
ETNL: New trading symbol triggered by reverse stock split became effective on January 15, 2008.
On Wednesday Eternal Image announced the filing of its SB2 Registration to the SEC. That same day the company implemented a reverse stock split (1 for 20) in order to better position the stock for OTCBB trading and to retire the four billion shares announced today. In compliance with SEC rules, the company also debuted a new stock symbol, ETNL, a standard step during a reverse stock split. For more information on the reverse stock split, visit www.eternalimage.net to review a special Letter to Shareholders.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball, STAR TREK, Precious Moments, and the Vatican Library Collection, as well as pet urns featuring the American Kennel Club, and Cat Fanciers’™ Association. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as may, will, should, could, expects, plans, intends, anticipates, believes, estimates, predicts, forecasts, potential or continue or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
January 16th, 2008
The SB2 is Now Available for Viewing in the SEC EDGAR System
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETNL.PK - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced it has completed the compilation of its SB2 registration and has submitted it to the SEC. The SB2 registration document is Eternal Image’s first major step towards submitting application for acceptance as an Over the Counter Bulletin Board (OTC:BB - News) traded stock.
"Hitting the ‘go’ key to upload the application to EDGAR was a major milestone for our company,” said Jim Parliament, CFO, Eternal Image. “We have worked extremely hard to make this event possible. We have said all along that our goal is to be a company with a very long horizon; that we are here for the long haul, so to speak.”
“While we have been offering basic financial reporting as a Pink Sheet company, moving to the OTC:BB will allow us to formally become a fully reporting company. This will only make the stock more transparent for our increasingly sophisticated shareholders. It is the next step in what we believe will be a consistent series of steps to grow the company in size and maturity,” he added.
The application and the accompanying exhibits are available for viewing by the public in the SEC EDGAR system.
The process of completing the SB2 document is long and complex, and includes the coordination of SEC attorneys, auditors, professional accountants and transcription services. In addition, an array of supplemental exhibits has also been organized in support of the SB2.
“The internal process to build the SB2 registration statement required a long and involved six months,” said Parliament. “Now the SEC will begin its process, which we are told usually runs three to six months. We expect it will involve a good deal of back-and-forth between the SEC and EI as we answer questions and provide additional documentation and clarification. It is our goal to be on the OTC:BB this summer.”
“We are thrilled as a company to have reached this significant milestone,” says Clint Mytych, CEO of Eternal Image. “This is a completed milestone in our master strategic plan which positions us for tremendous future growth and access to necessary growth capital,” he adds. Clint also says that “Eternal Image will continue executing on the fundamentals such as product development, brand license acquisition, broadening our distribution base, and increasing sales while the SEC considers our application.”
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™, STAR TREK™, Precious Moments™ and the Vatican Library Collection™, as well as pet urns featuring the American Kennel Club™, and Cat Fanciers’™ Association. For more information about EI, visit www.EternalImage.net or
call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may”, “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential” or “continue” or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000
January 11th, 2008
Listen to the interview on the Eternal Image websiteFARMINGTON HILLS, MI -- Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets and urns, today announced CEO Clint Mytych was interviewed on the nationally syndicated, National Public Radio show, “All Things Considered” on Thursday, January 10, 2008. The show aired from 4:00 to 6:00pm. The interview is posted on the Eternal Image website at www.eternalimage.net.
“All Things Considered” presents the day’s top stories making headlines, interviews, commentaries, reviews and special features. The show has earned some of journalism’s highest honors, including the Peabody, DuPont and Overseas Press Club awards. Senior host, Robert Siegel has been a veteran to news radio for more than four decades. He has reported from across the globe as well as directed NPR’s News and Information Department.
About NPR
National Public Radio is an internationally acclaimed producer and distributor of noncommercial news, talk, and entertainment programming. A privately supported, not-for-profit membership organization, NPR serves a growing audience of 26 million Americans each week in partnership with more than 860 independently operated, noncommercial public radio stations.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™, Precious Moments™ and the Vatican Library Collection™, as well as pet urns featuring the American Kennel Club™. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential” or “continue” or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact:
Investor Relations:
Cambridge Investor Relations
Tony Fazio, 781-214-9038
or
Media Relations:
a.s.a.p.r.
Robbie Tarpley Raffish, 410-883-2000