IRVINE, Calif., Nov 28, 2012 (GlobeNewswire via COMTEX) --

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Nov 28, 2012 at 10:06 AM

IRVINE, Calif., Nov 28, 2012 (GlobeNewswire via COMTEX) -- via PRWEB - EP Global Communications, Inc. (the Company), , soon to be named EPGL Medical Sciences, Inc., is pleased to announce that it has released financial information about the Company for the first time in over two years after a successful restructuring. The Company was successfully restructured in July of this year and has now shed 100% of major debt, some $10 million dollars. 100% of major debt was converted to equity by creditors in favor of restructuring the Company into a medical device company. The Company will move up to Current Information on the OTC and will move to OTCQX in 2013 on the way to full SEC reporting once again. "We have shed all major debt and have brought in new assets with significant value to EPGL," said Michael Hayes, President. "We believe with our incredible Medical Team and the new addition of our latest BioMEMS assets, we are significantly undervalued on the market at this time."

EPGL is announcing today for the first time, it has acquired significant new assets other than the MPDD device rights, in the BioMEMS arena. BioMEMS will be a major focus for the Company going forward as previously announced. "We have the best new medical team in the medical device business now and we have new proprietary technology that is incredible in its capabilities" said Hayes. "We will unveil this technology fully in the coming months and we know our shareholders will be very pleased with what we have accomplished for them. These new assets represent a significant portion of the value represented on our balance sheet. We believe that not only is the balance sheet reflective of our present value, but may be very conservative to the full value of this technology we now have." The Company notes that the new assets announced today were acquired after October 30, 2012.

Backgrounder on BioMEMS Technology

MEMS have many characteristics that make them appealing for biological applications, including the ability to control their physical and chemical characteristics on the micrometer and nanometer scale. Additionally, the exact temporal control that can be achieved over MEMS operation makes the devices particularly attractive for drug delivery applications where precise dosing is required. The microchip for drug delivery developed in our laboratory [82], for example, is capable of pulsatile release of drugs by opening various reservoirs on command. The addition of hydrogels, biosensors, and other features that are responsive to the local environment of the device will allow MEMS to operate in a more closely integrated manner with the biological surroundings. Further, the application of MEMS technology in novel areas such as stent fabrication and immunoisolation capsules offers the potential for significant improvements in biological integration of a wide range of implantable devices. The growing interest in combining living cells with microfabricated devices, and in using microfabrication technology for tissue engineering and drug delivery, may ultimately lead the way to fully integrated, MEMS-based devices that could augment or replace entire biological systems in the human body.

About EP Global Communications, Inc.

EP Global Communications, Inc. is a medical device manufacturer and marketing company with exclusive rights to a new FDA 510k cleared medical device called the Muscle Pain Detection Device. The MPDD is a revolutionary new diagnostic tool for the detection of muscular originated pain in the human body.

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