BURNABY, British Columbia, Sept. 13, 2005 (PRIMEZONE) -- EYI Industries Inc. (OTCBB:EYII), (http://www.StopDrinkingPoison.com), a marketer of products that promote well-being and a healthy lifestyle, announced in a news release dated August 12, 2005 that it had entered into a letter of intent ("LOI") with Guangzhou CEIEC Enterprise (Group) Co. Ltd. ("CEIEC"), a China based company. Pursuant to the terms of the LOI, CEIEC agreed commencing in September 2005, subject to further negotiations respecting the terms and price of the purchase orders, to enter into certain purchase commitments to purchase up to 30,000,000 of EYI Industries' Code Blue(tm) water filtration systems (Code Blue(tm)) and to acquire the master agency rights to market and distribute Code Blue(tm) in China.
The parties agreed to sign an initial purchase order in September 2005 and CEIEC agreed to purchase not less than $10,000 of the Filtration Systems as samples. The non-binding LOI is subject to the negotiation of a final agreement outlining the terms and price of the purchase orders.
Mr. Dori O'Neill, Essentially Yours Industries (Hong Kong) President and CEO stated, "During my recent trip to Hong Kong, I had the opportunity to meet with CEIEC representatives. Negotiations are ongoing however we have not yet reached a definitive agreement."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit the EYII Industries IR Hub located at http://www.agoracom.com/IR/EYI . Alternatively, investors can e-mail AGORA Investor Relations directly at EYII@Agoracom.com.
About EYI (http://www.StopDrinkingPoison.com)
EYI Industries Inc., through our subsidiary Essentially Yours Industries, Inc. (EYI), markets products that promote health and well-being. Recently, EYI launched a consumer product that removes Arsenic and other contaminates to a negligible level from drinking water. The portable water filtration product's name is Code Blue(tm) and is exclusively provided to EYI. In addition, EYI sells dietary supplements and personal care products. A large portion of our sales are from CALORAD(r), a liquid protein supplement that has brought weight loss benefits to our customers. More than six million bottles of CALORAD(r) have been sold since EYI was founded in 1995. Our newest product, PROSOTEINE, is experiencing similar success to CALORAD(r) and bringing our customers the benefits of a natural Energy drink.
EYI markets its products through an extensive network of Independent Business Associates. Our sales force is staffed by knowledgeable, experienced men and women and supported by our comprehensive training programs.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.