JOHNSTOWN, PA--(MARKET WIRE)--Nov 4, 2008 -- EP Global Communications, Inc. (OTC BB:EPGL.OB - News), the parent company of Exceptional Parent (EP) magazine, announced today that it has entered into a term sheet to renegotiate its existing convertible debt financing arrangement with The N.I.R Group, LLC, (NIR), extending the maturity deadline on all existing notes with NIR by a period of three years from October 31, 2008. The Company has also renegotiated the rate at which the notes will be repaid via the conversion that NIR can exercise with the company's stock shares. In essence, a greater portion of any conversion will be applied towards principal reduction. Loan interest rates will not increase, and all other terms and conditions with NIR in regards to indebtedness will remain in effect. The total principal amount will increase as consideration for the three year maturity extension. The Company anticipates entering into definitive agreements for such transaction in the next week.

EP officials commented that "EP is a solid and highly-respected communications company that families and professionals caring for those with disabilities have been turning to for invaluable information and much-needed resources for over 38 years, and the company's long range future is intact despite the significant downturn in the global economy. Initiatives and partnerships the company is currently seeking, exploring, and cementing bode well for the company's financial health, permanence, and longevity and this extension of maturity deadlines for all indebtedness goes a long way towards helping cash flow."

About EP Global Communications, Inc.

EP Global Communications, parent company of Exceptional Parent (EP) magazine is a 38-year-old, award-winning publishing and communications company which provides practical advice and emotional support to families and professionals caring for the needs of children and adults with disabilities.

Safe Harbor Statement

Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

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     Jan Hollingsworth
     Managing Editor
     Phone: 814-361-3860 x291
     Email: Email Contact
      
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