SOURCE: EZ2companies, Inc.

November 06, 2007 09:30 ET

Ez2 Companies Announces Cancellation of 62,500,000 Shares and 6,129,487 Warrants

WEST PALM BEACH, FL--(Marketwire - November 6, 2007) - Ez2 Companies (PINKSHEETS: EZTO) announced today that it has instructed Attorney Bill Asbell to send the 62,500,000 shares of its common stock previously held in escrow to the trasnfer agent for cancellation and return to treasury. As previously announced, the Cornell debt has been repaid in full by the Company. In addition to the cancellation of the shares, Ez2companies has also cancelled warrants that were held by Cornell Capital to acquire 6,129,487 shares of Ez2companies common stock on a cashless basis.

In making this announcement, Jeff Berkowitz, President of the Company, commented: "This share and warrant cancellation represents almost 30% of the total shares outstanding being cancelled. I am very pleased to be able to deliver on our commitment to get Cornell paid as well as returning the 62,500,000 shares and 6,129,487 cashless warrants securing that repayment cancelled."

Ez2 Companies Inc. is a holding and consulting company. The Company owns the following corporations: Ez2Stream, Ez2Broadcast, Ez2Ask, Ez2Mortgage, Ez2Music, Ez2Realestate, Ez2Date, Ez2Escrow, Ez2Speak and Ez2Movies. The Company, through its wholly owned subsidiaries, is actively seeking merger, acquisition and partnership opportunities.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties. Factors that could cause actual results to differ materially from those predicted in any such forward-looking statement include our ability to continue to lower our costs, our timely development and customers' acceptance of our products, including acceptance by key customers, pricing pressures, rapid technological changes in the industry, increased competition, our ability to attract and retain qualified personnel, our ability to identify and successfully consummate future acquisitions; adverse changes in customer order patterns, adverse changes in general economic conditions in the U.S. and internationally, risks associated with foreign operations and political and economic uncertainties associated with current world events.

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