 |
| Author | Post |
|---|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: |  |
|
Posted: Sun Aug 15th, 2010 03:54 pm |
|
Source: Eternal Image, Inc.
Eternal Image Management Team Releases Letter to Shareholders About Non-Equity Loan
Letter of Intent for $5 Million Loan Delivered Today
FARMINGTON HILLS, Mich., Aug. 13, 2010 (GLOBE NEWSWIRE) -- Eternal Image, Inc. (the "Company") (OTCBB:ETNL), a public company engaged in the design, manufacturing and marketing of officially licensed memorial products such as caskets, urns, monuments and vaults, today released the following Letter to Shareholders on its website:
Dear Shareholders:
As we have previously discussed, Eternal Image has been working diligently to close a non-equity/non-dilutive loan. Today we received a Letter of Intent from our funding broker that outlines the final steps required to close a $5 million growth capital loan. This Letter of Intent is to be followed next week by a Conditional Approval Letter directly from the lending institution. From the time we receive the Conditional Approval Letter until closing is expected to be about twenty business days.
As always, thank you for your continued support.
Eternal Image Management Team
About Eternal Image
Eternal Image, incorporated in 2006, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image memorial products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™, STAR TREK®, Precious Moments™, the Vatican Observatory Foundation®, and the Collegiate Licensing Company, as well as pet urns featuring the American Kennel Club™, and Cat Fanciers'™ Association. In 2010, Eternal Image formed a new division called the New World Gift Company. New World manages the design, manufacturing, and marketing of ancillary products such as liturgical candles, retail memorial candles, registry books, memorial prayer cards, and other gift items. For more information about Eternal Image or New World Gift Company, visit http://www.eternalimage.net, http://www.newworldgiftcompany.com, 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. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Registration Statement on Form SB-2, as amended on Form S-1, See [url=http://www.globenewswire.com/newsroom/ctr?d=199369&l=11&a=http://www.sec.gov&u=http%3A%2F%2Fhttp://www.sec.gov%2F]http://www.sec.gov[/url]. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
The company has no obligation to update these forward-looking statements.
CONTACT: Cambridge Investor Relations
Investor Relations:
Tony Fazio
781/214-9038 |
|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: | |
|
Posted: Sat Feb 27th, 2010 03:46 pm |
|
Good Morning,
- ETNL -
This is one company that had it's stock in the gutter for months until February 25, when the company filed their 8-K and an awesome filing it is and should give this issue the fair value it deserves.
The 8-K >>
" On February 16, 2010, Eternal Image, Inc. (the “Company”) entered into a binding letter of understanding (the “LOU”) with Matthews International Corporation (“Matthews”). Matthews’ acceptance was delivered to the Company on February 17, 2010. The LOU grants to Matthews the exclusive right to design, manufacture, and distribute certain caskets, urns, and monuments for the Company’s Vatican Observatory™ line; and urns for Eternal Image’s Star Trek line™ (“Branded Products”). Matthews is a designer, manufacture and marketer of memorialization products and brand solutions whose securities are traded on the NASDAQ stock market under the symbol “MATW”.
The LOU is binding on the parties, but contemplates them entering into a more definitive contract in the future. It has an extendable initial term of two years, and the mechanics of its arrangement are that Matthews will initially manufacture and sell to the Company the Branded Products and repurchase them (on a quarterly basis) for sale and distribution (throughout the United States, Canada
and Puerto Rico) through Matthews’ network of associated funeral homes and cemeteries. The specific number of product units that Matthews will manufacture and sell to the Company during a contract year is as follows: "
This LOU has the potential of $5 million in additional sales to ETNL once this issue is finalized...The 8-K has the product lineup for the 2010 -2011 year and is quite a list.
Refer to the 8-K for the full product line that is being marketed by Matthews..By the way, Matthews is a public company that is traded under the symbol - Nasdaq ' MATW ' on Friday's closing price of $33.52..
This announcement is indeed a Game Changer and should put ETNL on a positive revenue track
The company's share structure isn't all that concerning at the present and if the company can keep to a minimum the current figure just under 700m O/S should reflect positively on the share price.
Notice this announcement came via a 8-K and not through a PR so the total scope of giving this great announcement the interest it deserves has been minimized, and if a PR were to be released, we should garner higher volume days, but a fair value of at least a .01 to .02 range..
The current share price of .007 is a great entry and a target of .015 is a reasonable objective... The current MC is only just under $5 million so a fair value higher than a.01 is well within reach.
I own it and like the potential for ROI in the coming weeks...
Have a good day.
Varok
|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: | |
|
Posted: Mon Feb 22nd, 2010 07:34 pm |
|
Eternal Image Signs Licensing Agreement With the Vatican Observatory Foundation10:30a ET February 22, 2010 (GlobeNewswire)
Eternal Image, Inc. (the "Company") (OTCBB:ETNL), a public company engaged in the design, manufacturing and marketing of officially licensed funerary products, such as caskets, urns, monuments and vaults, today announced it has executed an agreement to design, manufacture and market a line of official Vatican Observatory Foundation branded funerary products. The line will include caskets, urns, bronze memorials, vaults, funerary prayer cards, and memorial candles all designed after the classic Italian themes that encompass the Vatican Observatory in Italy. This license is exclusive and worldwide in scope.
"Our term with the Vatican Observatory Foundation is more than ten years in length, and they will remain one of the most sought after global brands for decades to come," said Nick Popravsky, VP, Sales and Distribution for the Company.
About Eternal Image
Eternal Image, incorporated in 2006, 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(TM), STAR TREK(R), Precious Moments(TM), the Vatican Observatory Foundation(R), and the Collegiate Licensing Company, as well as pet urns featuring the American Kennel Club(TM), and Cat Fanciers'(TM) Association. For more information about EI, visit http://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. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Registration Statement on Form SB-2, as amended on Form S-1, see http://www.sec.gov. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
The company has no obligation to update these forward-looking statements.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: Eternal Image, Inc
CONTACT: Cambridge Investor Relations
Investor Relations Contact:
Tony Fazio
781/214-9038
|
|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: | |
|
Posted: Thu Nov 26th, 2009 04:06 pm |
|
ETNL - 3rd quarter 10-Q
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001052918%2D09%2D000511%2Etxt&FilePath=%5C2009%5C11%5C23%5C&CoName=ETERNAL+IMAGE+INC&FormType=10%2DQ&RcvdDate=11%2F23%2F2009&pdf=
|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: | |
|
Posted: Thu Jul 16th, 2009 01:29 pm |
|
Eternal Image Announces Move to OTC:BB from Pink Sheets
Company Promise to Shareholders Achieved
Press Release
Source: Eternal Image, Inc.
On Thursday July 16, 2009, 9:20 am EDT
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC BB: ETNL - News), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, announced today that its common stock has commenced trading on the OTC Bulletin Board on July 14, 2009, following approval of its application by FINRA. The new OTC.BB trading symbol is ETNL.OB.
“The move to the OTC BB is central to our plans to grow our company and strategically increase our revenues,” said Clint Mytych, CEO, Eternal Image. “This is a rare event and literally changes the playing field for Eternal Image. We believe it will help us attract new investors, new capital, new manufacturing, new distribution opportunities, and allow us to grow in exciting new ways. I would like to give special thanks to our shareholder base, company officers, and the many professionals that worked incredibly long hours to get this project across the finish line for us.”
About OTC:BB
The OTC Bulletin Board® (OTCBB) is a regulated quotation service that displays real-time quotes, last-sale prices, and volume information in over-the-counter (OTC) equity securities. An OTC equity security generally is any equity that is not listed or traded on NASDAQ® or a national securities exchange. OTCBB securities include national, regional, and foreign equity issues, warrants, units, ADRs, and Direct Participation Programs (DPPs). For more information visit http://www.otcvbb.com.
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and largest 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 Corporation™ and other well-known brands, as well as pet urns and garden memorial stones featuring the American Kennel Club™ and Cat Fancier’s Association™. For more information about EI, visit http://www.EternalImage.net or call 1-888-6-CASKET
|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: | |
|
Posted: Thu Jul 2nd, 2009 04:11 pm |
|
Form 10-Q 3/31/09
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001052918%2D09%2D000311%2Etxt&FilePath=%5C2009%5C06%5C30%5C&CoName=ETERNAL+IMAGE+INC&FormType=10%2DQ&RcvdDate=6%2F30%2F2009&pdf=
|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: | |
|
Posted: Mon May 11th, 2009 04:30 pm |
|
May 08, 2009
Shareholder Bulletin
Dear Shareholders,
The audit team can have the financials completed at any time. We will notify everyone when they are complete.
Our SEC cousel has the 10k as ready as it can be until the audited f/s are completed, and they will be integrated into the 10k as soon as they are done.
A reminder that FINRA has approved Eternal Image to be listed on the Bulletin Board as soon as the 10k is filed. This could all come together at any time.
|
Admin
Administrator
| Joined: | Tue Apr 10th, 2007 |
| Location: | |
| Posts: | 458 |
| Status: |
Offline
|
| Mana: | |
|
Posted: Tue Apr 7th, 2009 05:12 am |
|
Good Evening,
I was just reading up on concerns of FINRA and why it takes so long with ETNL
I have written in the past how these events are very time consuming with respect tp uplisting..
A reminder on the process to uplist...
Rule 15c211 is to provide fully reporting public companies (key word fully reporting) an easy way to have their securities quoted on the Over-the-Counter Bulletin Board,(NASD OTC/BB). A company intending to obtain a quotation for its securities has only to file in some simple disclosures through form 15c211, commonly known as form 211, with NASD, and once approved, it will be able to trade its stock on the OTC/BB.
Noticed I said "once approved" and it is within the next frame-work on the expedient process how quick or timeline when a company will be listed.
Now to move to the OTCBB is dependant upon the full disclosure and complete financial reports.
The pinksheets does not have requirements as far financials or any other pertinent info that higher exchanges require and is incidentally the wild west of equities trading where everything goes without oversight or regulation..
To complete the AF is in most cases a time consuming task since many of us have been with companies that report they have undertaken the same course and has involved considerable time and effort and mostly not to the time constraints of shareholders.
Depending on how far back they need to bring up the yearly audits to current is dependant on how soon we will see the conclusion of the full report become public..Moving to the OTCBB isn't really a major issue once the reports have been filed,but the requirements to the OTCBB is based on just current standing and accurate filings of the AF and then the process begins that is out of the company's hands and into the regulatory agency.
The signoff of Fins is probably the most time consuming and is for a reason..It is the Audited Version...They are triple checked and made sure there are no discrepancies and if errors are found, it will only hold up the process further if they find problems and will cause doubt by the regulatory agency that is already overburden and their scrutiny will be even more finite and time consuming.It is in this parameter that the signoff auditor has the greatest burden on their shoulders.
So lets assume that all is well,then....
A minimum of one market maker is needed. As well, a market maker must sponsor the security and demonstrate compliance as with rule 15c-211 and according to what the company has been filed..I'm sure the company already has a MM in place...Then....
A Form 211 from a Market Maker is filed as within the rule 15c-211..There is no standard time limit to process the Form 211 and for the market maker to begin quoting a security on the OTCBB. The time it takes to review a Form 211 may vary depending on many factors including whether or not there is a need for additional information from the market maker that submitted the form and upon how long it takes the market maker to respond to requests for additional information.
It really comes down to the Market Makers and how expedient they file and are the filings correct.
This step could take weeks or months and there isn't a timeline.
Now....
Notice the latest filing for the NT 10-K year-end 08 (dated 03/31/09) statement..That is one issue. This is a issue and must be corrected by the company..This issue is probably miner, but must be addressed. Wait for the current filings..Nothing will happen until this gets publicly filed.
Finra is a place where all aspects of moving and regulatory adherence is for legal and allows for the questioned issue and in this case ETNL to achieve the higher exchange.
When, this non-governmental regulator finds fault or discrepancy in proper filings it gets bounced back and in this case is probably coming from MM counsels that have questions.
When the company announced the NT 10-K filing, should have been a queue to shareholders that a hold or delayed on this issue is a factor.
I don't understand why many of you continue to have concerns about ETNL..This is a good company with a solid business model, albeit not on some timelines, but still a company that fully realizes mistakes were made in the past and have come to rectify these issue and hopefully will soon move to a higher exchange.
Many of these issues that hold up these actions is always within the share structure and it's actual applications and count.
Relax folks...This will get resolved.
I realize most are so anxious and their emotions are in control or out of control, but you must understand, these time constraints are not on shareholders timelines.
Current price appears a very strong buying entry and feel this will reward shareholders.
Have a good day
VarokLast edited on Tue Apr 7th, 2009 05:16 am by Admin
|
Current time is 05:07 am | |
|
|
|
|
