EUPAEuropean Union Programmes Agency (Malta)
EUPAEdmonton Ultimate Players Association (Canada)
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The scope of these agreed- upon procedures has been determined solely by the EUPA
and the procedures were performed solely to assist the EUPA in evaluating the eligibility
To date, EUPA is aware of at least two successful "buy ins" of naked short selling through the National Securities Clearing Corporation ("NSCC").
Jacky Chang, Chief Financial Officer of EUPA International, commented, "We are pleased with our results to date and have moved forward to accelerate our plan to derive revenues from EUPA's research and development activities.
These patent transfers should be an exceptional step toward increased profitability as these new patent holdings will reflect in greater overall net income for the company," stated Jacky Chang, Chief Financial Officer of EUPA International.
This share re-purchase highlights the confidence the Tsann Kuen Group has in the operation of EUPA International," said a Company spokesperson.
EUPA is optimistic that, as the global economic recovery picks up momentum, retailers will see an increase in demand for EUPA's products.
Total revenues for EUPA during the first five months of the year were approximately US$23.
To conduct an On The Spot (Audit) After the Action ( OTS Audit ) to ensure that funds have been utilised in accordance with the EUPA beneficiary contractual agreement.
Contact: Jacky Chang of EUPA INTERNATIONAL CORPORATION, +886-2-22771288, or Fax: +886-2-22765356
In response, EUPA intends to take steps to counter the short sellers and restore investor confidence in its shares.
The Tsann Kuen Group is considering investing more capital into EUPA for opening new "3C" retail stores across China.