~~UNITED STATES~~ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 August 9, 2005 Date of Report (Date of earliest event reported) EP Global Communications, Inc. (Exact name of registrant as specified in its charter)

Delaware	000-30797	14-1818396
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

WASHINGTON, D.C. 20549

C/O Exceptional Parent, 551 Main Street, Johnstown, PA	15901
(Address of principal executive offices)	(Zip Code)

___________

~~Registrant's~~FORM ~~telephone number, including area code (814) 361~~8-~~3860 (Former name or former address, if changed since last report)~~K

~~INFORMATION TO BE INCLUDED IN THE REPORT~~___________

~~ITEM~~CURRENT ~~4.02. NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL STATEMENTS OR A RELATED AUDIT~~ REPORT ~~OR COMPLETED INTERIM REVIEW~~

OnPURSUANT ~~August~~TO 3,SECTION ~~2005,~~13 asOR a15(D) ~~result~~OF of a routine regulatory review by the Securities and Exchange Commission, the Company’s board of directors concluded that the financial statements for the year ended December 31, 2004 as issued in the Registrant's annual report on Form 10-KSB required restatement because of an error in recognizing income associated with the formation of Informedx LLC. The error was corrected by recognizing funds received from Informedx LLC as additional minority interest and an amendment was filed to the Company’s Form 10-KSB in accordance with this change.THE

~~ITEM~~SECURITIES ~~8.01.~~EXCHANGE ~~OTHER~~ACT ~~EVENTS~~OF 1934

OnDATE ~~July~~OF ~~27,~~REPORT ~~2005,~~(DATE ~~the~~OF ~~Company~~EARLIEST ~~received~~EVENT ~~notice~~REPORTED): November that an action has been commenced against the company alleging breach of contract and other causes of action seeking specific performance and other unspecified damages. The Company is continuing its evaluation of the claim and believes it has meritorious defenses. The Company presently intends to contest the claim vigorously. While the claim is at an early stage14, ~~the Company does not believe that an adverse outcome would materially affect its financial statements.~~2008

~~SIGNATURES~~EP GLOBAL COMMUNICATIONS, INC.

~~Pursuant~~ (EXACT toNAME ~~the~~OF ~~requirements~~REGISTRANT ofAS ~~the~~SPECIFIED ~~Securities~~IN ~~Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.~~CHARTER)

EP GLOBAL COMMUNICATIONS, INC.

Delaware

000-30797

14-1818396

(STATE OR OTHER JURISDICTION

OF INCORPORATION

OR ORGANIZATION)

(COMMISSION FILE NO.)

(IRS EMPLOYEE

IDENTIFICATION NO.)

~~By:~~ c/~~s/Joseph~~o ~~Valenzano~~Exceptional ~~Joseph~~Parent ~~Valenzano, President~~Magazine

~~August~~416 9Main Street, ~~2005~~Johnstown, PA 15901

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

(814) 361-3860

(ISSUER TELEPHONE NUMBER)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement.

On November 14, 2008, EP Global Communications, Inc., a Delaware corporation (“we” or the “Company), entered into an Recapitalization Agreement attached hereto as Exhibit 10.1 (the “Recapitalization Agreement”) with accredited investors (the “Investors”) that amended and restated the terms of the Secured Convertible Debentures and related transaction documents dated September 23, 2005 (the “Old Notes”). The Old Notes, with a maturity date of September 23, 2008, are disclosed in more detail in our current report Form 8-K filed on September 28, 2005.

The new notes will be due on November 14, 2011 with an interest rate of 6% per annum on the unpaid principal balance. Further, the discount on the new notes is 12% and 20%, from 40% and 60% respectively.

The foregoing description of the Recapitalization Agreement contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the complete text of the Recapitalization Agreement attached hereto as Exhibit 10.1.

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.

The information provided in response to Item 1.01 of this current report on Form 8-K is hereby incorporated by reference.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Businesses Acquired.

Not Applicable

(b) Pro Forma Financial Information.

Not Applicable

(d) Exhibits.


Number	Description

10.1	Recapitalization Agreement between the Company and accredited investors, dated November 14, 2008

99.1

Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.


	EP GLOBAL COMMUNICATIONS, INC.

Date: January 13, 2009	By:	/s/ Joseph M. Valenzano, Jr.
		Joseph M. Valenzano, Jr.
		Chief Executive Officer

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