Feb 19 2010
EQ Labs, Inc. (Pink Sheets: EQLB), a manufacturer and distributor of the EQ Smart Energy Drink® effervescent tablets, announced today that it has entered into a partnership with one of the world's largest private label tablet manufacturers who has the capacity to produce one million EQ drink tablets per day. This relationship will result in reduced labor and transportation costs and quicker turnaround times for reorders placed by the Company's distributors and brokers.
"The Company has recently taken measures to enhance our operating efficiencies in order to meet the growing demand for our products, which now come in recyclable plastic tubes and individual biodegradable packets," Maurice "Mo" Owens, the CEO of EQ Labs stated. "By entering into this new manufacturing partnership, we'll be reducing the number of steps required in the manufacturing and distribution processes and should be able to increase our gross profit margin by 25%. Owens continued, "All of us believe this new operating model will enable us to step up our game and realize our goal of acquiring a competitive share of the energy drink market."