| **FORM 10-QSB/A**

**Amendment No. 1**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C.** |
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| [X] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|-----------------------------------------------------------------------------------------|

| **For the quarterly period ended June 30, 2005**

**OR** |
|----------------------------------------------------------|

|  [ ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------|-------------------------------------------------------------------------------------------|

   

| For the transition period from ____________ to _________________

**Commission File Number  000-30797**

**EP GLOBAL COMMUNICATIONS, INC.**

(Exact name of registrant as specified in its charter) |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **DELAWARE**

**(State or other jurisdiction of**

**incorporation or organization)** | **14-1818396**

**(I.R.S. Employer**

**Identification No.)** |
|---------------------------------------------------------------------------------------|---------------------------------------------------------------|

| **C/O Exceptional Parent, 551 Main Street, Johnstown, PA  15901**

**(Address of principal executive offices)**

**(814) 361-3860**

**(Issuer’s telephone number)**

**(Former name, former address and former fiscal year, if changed since last report)**

Checkwhether the issuer (1) has filed all reports required to be filed bySection 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant wasrequired to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.

YES  X         NO

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

At August 16, 2005 there were 23,332,818 shares of Common Stock, $.0001 par value, outstanding. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| EP GLOBAL COMMUNICATIONS, INC.

INDEX |
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|   |   | Page   |
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|   |   |   |

| **Part I.**

**Financial Information** |   |
|----------------------------------------|--------|

| Item 1.

**** | Financial Statements                                                                           | 2                 |
|---------------|------------------------------------------------------------------------------------------------|-------------------|
|          | Balance Sheet as of June 30, 2005 (Unaudited)                                                  | 3 -   4 |
|          | Statements of Operations for the Three and Six Months Ended June 30, 2005 and 2004 (Unaudited) | 5                 |
|          | Statements of Cash Flows for the Six Months Ended 

June 30, 2005 and 2004 (Unaudited)         | 6 – 7       |
|          | Notes to Financial Statements (unaudited)                                                      | 8 – 17      |
| Item 2.       | Management's Discussion and Analysis of Financial Condition and Results of Operations          | 18 – 20     |
| Item 3.       | Controls and Procedures                                                                        | 21                |
|          |                                                                                           |              |

| **Part II.**

**Other Information** |   |
|-------------------------------------|--------|

| Item 1.

**** | Legal Proceedings                                           | 21     |
|---------------|-------------------------------------------------------------|--------|
| Item 2.       | Unregistered Sales of Equity Securities and Use of Proceeds | 21     |
| Item 3.       | Defaults upon Senior Securities                             | 22     |
| Item 4.       | Submission of Matters to a Vote of Security Holders         | 22     |
| Item 5.       | Other Information                                           | 22     |
| Item 6.       | Exhibits and Reports on Form 8-K                            | 22     |
| Signatures    |                                                        | 23     |
|          |                                                        |   |

Page 1

**Explanatory Note**

ThisAmended Report on Form 10-QSB is being filed solely to revise theRegistrant's disclosure of the number of shares of common stock issuedand outstanding as of August 16, 2005 and the description of 2,000,000shares of the Company’s stock that would be issuable should theCompany fail to make repayment of one of its short-term notes. Allother sections of this Amended Report on Form 10-QSB remain the same asoriginally filed by the Registrant on August 17, 2005.

**PART I.**

**    Financial Information**

**Item 1.   Financial Statements**

Certaininformation and footnote disclosures required under accountingprinciples generally accepted in the United States of America have beencondensed or omitted from the following consolidated financialstatements pursuant to the rules and regulations of the Securities andExchange Commission.  It is suggested that the followingconsolidated financial statements be read in conjunction with theyear-end consolidated financial statements and notes thereto includedin the Company's Annual Report on Form 10-KSB and Form 10-KSB/A for theyear ended December 31, 2004.

Theresults of operations for the three and six months ended June 30, 2005and 2004 are not necessarily indicative of the results for the entirefiscal year or for any other period.

Page 2

**EP GLOBAL COMMUNICATIONS, INC. AND SUBSIDIARY**

**CONSOLIDATED BALANCE SHEET**

**(Unaudited)**

See notes to unaudited consolidated financial statements

Page 3

**EP GLOBAL COMMUNICATIONS, INC. AND SUBSIDIARY**

**CONSOLIDATED BALANCE SHEET**

**(Unaudited)**

See notes to unaudited consolidated financial statements

Page 4

**EP GLOBAL COMMUNICATIONS, INC. AND SUBSIDIARY**

**CONSOLIDATED STATEMENTS OF OPERATIONS**

**(Unaudited)**

See notes to unaudited consolidated financial statements 

Page 5

**EP GLOBAL COMMUNICATIONS, INC. AND SUBSIDIARY**

**CONSOLIDATED STATEMENTS OF CASH FLOW**

**(Unaudited)**

See notes to unaudited consolidated financial statements 

Page 6

**EP GLOBAL COMMUNICATIONS, INC. AND SUBSIDIARY**

**CONSOLIDATED STATEMENTS OF CASH FLOW**

**(Unaudited)**

See notes to unaudited consolidated financial statements

Page 7

**EP GLOBAL COMMUNICATIONS, INC. AND SUBSIDIARY**

**NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS**

**1.**

**Description Of Business And Summary Of Significant Accounting Policies**

Theconsolidated balance sheet as of June 30, 2005, and the consolidatedstatements of operations and cash flows for the periods presentedherein have been prepared by EP Global Communications, Inc. (the"Company" or "EP") in accordance with accounting principles generallyaccepted in the United States of America for interim financialinformation and the instructions to Form 10-QSB and Article 10 ofRegulation S-X and are unaudited. 

Thesefinancial statements reflect all adjustments, consisting of normalrecurring adjustments and accruals, which are, in the opinion ofmanagement, necessary for a fair presentation of the financial positionof the Company as of June 30, 2005 and the results of operations andcash flows for the interim periods indicated in conformity withgenerally accepted accounting principles applicable to interim periods.

Accordingly,certain information and footnote disclosures normally included inannual financial statements prepared in accordance with generallyaccepted accounting principles have been condensed or omitted. Thesefinancial statements should be read in conjunction with the auditedfinancial statements and notes thereto of the Company for the yearended December 31, 2004 that are included in the Company's Form 10-KSBfiled with the Securities and Exchange Commission on April 13, 2005(the "2004 10-KSB") and the Company's Amended Form 10-KSB/A filed withthe Securities and Exchange Commission on August 9, 2005 (the "200410-KSB/A"). The results of operations presented are not necessarilyindicative of the results to be expected for future quarters or for theyear ending December 31, 2005.

Organization

EPGlobal Communications, Inc., formerly East Coast Airlines, Inc., andSubsidiaries (“EP” or the “Company”), operatesits business through its subsidiary, Psy-Ed Corporation (d/b/aExceptional Parent Magazine).  EP publishes and distributesExceptional Parent Magazine, an international publication, designed toserve the information needs of families and professionals who areinvolved in the care and development of children and adults withdisabilities and special health care needs.  EP also develops andimplements online accredited Continuing Medical Education Programs(“CME”); has its own library of over 1,500 disability booktitles and publishes clinical monographs which are disseminated tophysicians, researchers and allied health care professionals as well asfamilies and caregivers all over the world.  EP is also activelyinvolved in the World Congress & Exposition on Disabilities (WCD)an international event which takes place once a year and has been inexistence for six years.  EP is solely responsible for theeducational content of this event which consists of over 100 CME andCEU accredited educational programs.

Page 8

            Significant Accounting Policies

            Principles of Consolidation

Theconsolidated financial statements include the accounts of the Companyand its majority - owned subsidiary and joint venture.  Theconsolidated statements include 100 percent of the assets andliabilities of these subsidiaries and the ownership interests ofminority participants are recorded as "Minority interests inconsolidated subsidiares".  All inter-company transactions andbalances have been eliminated.

Use of Estimates

Thepreparation of the consolidated financial statements in conformity withaccounting principles generally accepted in the United States ofAmerica requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities and disclosure ofcontingent assets and liabilities at the date of the financialstatements and the reported amounts of revenues and expenses during thereporting period.  Actual results could differ from thoseestimates.

Concentration of Credit Risk

Financialinstruments which potentially subject the Company to concentrations ofcredit risk consist principally of cash and trade receivables. 

TheCompany's cash and cash equivalents are concentrated primarily in twobanks in the United States.  At times, such deposits could be inexcess of insured limits.  Management believes that the financialinstitutions that hold the Company's financial instruments arefinancially sound and, accordingly, minimal credit risk is believed toexist with respect to these financial instruments.

TheCompany grants credit primarily to advertisers based on an evaluationof the customer’s financial condition, without requiringcollateral.  Exposure to losses on these receivables isprincipally dependent on each customer’s financial condition. A majority of the subscription income is received in advance andpresents little risk to the Company.  The Company controls itsexposure to credit risk through monitoring procedures and establishesappropriate allowances for anticipated losses.  

Page 9

Provision for Losses on Uncollectible Receivables

Theprovisions for losses on uncollectible trade receivables are determinedprincipally on the basis of specific identification and past collectionexperiences.  Allowances for doubtful accounts on accountsreceivable balances was approximately $41,000 at June 30, 2005.

Inventories

Inventories,consisting primarily of books, are stated at the lower of cost ormarket, determined on the first-in, first-out (FIFO) method.  

Revenue Recognition

TheCompany recognizes revenue in accordance with the guidance contained inSEC Staff Accounting Bulletin No.  104, “Revenue Recognitionin Financial Statements” (“SAB104”).  

Onlineservices advertising revenues, primarily derived from the sale ofbanner advertisements and sponsorships on the Company's web sites, isrecognized in the period the advertising is displayed.  The coststo develop this internet income are period costs and are expensed whenincurred.  Print publication advertising and circulation revenuesare recognized, net of agency commissions and estimated returns andallowances, when publications are issued.  List rental income isrecognized, net of commission, when a list is sold or rented.  

Deferredsubscription income, net of agency commission is recorded whensubscription orders are received.  The Company uses a fulfillmenthouse, which calculates the revenue to be recorded for all periods. Customers generally subscribe to the magazine for a three yearperiod of time.  Deferred subscription income represents theportion of the prepaid subscription not earned by the Company and paidfor in advance of fulfillment by the Company to the customer.  

Depreciation and Amortization

Propertyand equipment are stated at cost less accumulated depreciation andamortization.  Depreciation of property and equipment iscalculated on the straight-line method over the estimated useful livesof the respective assets, ranging from three to five years. Leasehold improvements are amortized over the lesser of theuseful life of the asset or the term of the lease.  

Page 10

Stock-Option Plan

TheCompany accounts for equity-based compensation issued to employees inaccordance with Accounting Principles Board (“ABP”) OpinionNo.  25 “Accounting for Stock Issued to Employees”. APB No.  25 requires the use of the intrinsic value method,which measures compensation cost as the excess, if any, of the quotedmarket price of the stock at the measurement date over the amount anemployee must pay to acquire the stock.  The Company makesdisclosures of pro forma net earnings and earnings per share as if thefair-value-based method of accounting had been applied as required bySFAS No. 123 “Accounting for Stock-Based Compensation.” 

InDecember 2004, the FASB issued SFAS No. 123R, Share-Based Payment,which establishes standards for the accounting for transactions inwhich an entity exchanges its equity instruments for goods or services.A key provision of this statement is the requirement of a public entityto measure the cost of employee and non-employee services received inexchange for an award of equity instruments (including stock options)based on the grant-date fair value of the award. That cost will berecognized over the period during which an employee is required toprovide service in exchange for the award (i.e., the requisite serviceperiod or vesting period). This standard becomes effective on January1, 2006 for small business issuers. The Company will adopt SFAS 123Rbeginning in the Company's first fiscal quarter of 2006.  TheCompany is currently evaluating its position and will make itsdetermination to account for the compensation costs eitherprospectively or retroactively at the time of adoption.

TheCompany has adopted the disclosure-only provisions of SFAS No. 123,"Accounting for Stock-Based Compensation"(SFAS No. 123).  Therewere no awards or outstanding options or warrants in the six monthsended June 30, 2005 or 2004; accordingly, had compensation cost for theCompany's stock option plan been determined based on the fair value atthe grant date for awards in 2005 and 2004 consistent with theprovisions of SFAS No. 123, the Company's results of operations, asreported, would not have changed.

Income Taxes

TheCompany accounts for income taxes using an asset and liability approachunder which deferred income taxes are recognized by applying enactedtax rates applicable to future years to the differences between thefinancial statement carrying amounts and the tax bases of reportedassets and liabilities.  

Page 11

Theprincipal items giving rise to deferred taxes are certain expenseswhich have been deducted for financial reporting purposes which are notcurrently deductible for income tax purposes and the future tax benefitof certain net operating loss carry-forward.  

Evaluation of Long-Lived Assets

TheCompany reviews property and equipment for impairment whenever eventsor changes in circumstances indicate the carrying value may not berecoverable in accordance with guidance in SFAS No. 144“Accounting for the Impairment or Disposal of Long-Lived Assets. ” If the carrying value of the long-lived asset exceeds thepresent value of the related estimated future cash flows, the assetwould be adjusted to its fair value and an impairment loss would becharged to operations in the period identified.

Earnings (Loss) Per Share  

Basicearnings (loss) per common share are computed by dividing net earnings(loss) by the weighted average number of common shares outstandingduring the year.   Diluted earnings per common share arecomputed by dividing net earnings by the weighted average number ofcommon shares and potential common shares outstanding during the year. The basic weighted average shares were used in calculating thethree and six months ended June 30, 2005 diluted loss per share, asinclusion of the incremental shares shown in this calculation would beanti-dilutive.  Potential common shares used in computing dilutedearnings per share relate to stock options, warrants and convertiblepreferred stock which, if exercised, would have a dilutive effect onearnings per share.  Preferred stock convertible into 719,801shares of common stock was not included in the foregoing computationfor the three and six months ended June 30, 2005 because they wereanti-dilutive.

Page 12

Fair Value of Financial Instruments

Forfinancial instruments including cash, accounts payable, accruedexpenses and notes payable, it was assumed that the carrying amountapproximated fair value because of the short maturities of suchinstruments. 

**2.**

**Property And Equipment**

Property and equipment consists of the following:

|   | Furniture and Fixtures         |  $        389,243             |
|--------|--------------------------------|-----------------------------------------------------------------------|
|   | Less: Accumulated Depreciation |           (242,140) |
|   |                           |  $        147,103             |
|   |                           |                                                                  |

Depreciationexpense for the three months ended June 30, 2005 and 2004 was $13,530and $4,379, respectively; and for the six months ended June 30, 2005and 2004 was $27,060 and $9,914 , respectively.

**3.**

**Accrued Expenses**

Accrued expenses consists of the following:

**4.**

**Debt**

Long Term Debt

Long-term debt at June 30, 2005 consists of the following:

Page 13

Page 14

            (1)

This note is subordinated to Provident Bank’s working capital line of credit.  

            (2)

     A shareholder of the Company collateralized the loan withshares of another public entity owned by the shareholder.

            (3)

     The line of credit is secured by the Company’saccounts receivable, inventory and property and equipment.

            (4)

This line of credit was extended on April 30, 2005 for 18 months.  The terms are:

               -

              Interest-only payments are to be made for four months; 

               -

             Subsequently, payments of$5,000 plus interest are to be made monthly;

Short-term debt

Short-term bank obligations at June 30, 2005, consists of the following:

|   | Note payable on demand to a private individual , interest at 6%.                                         |  $          27,500                 |
|--------|----------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|
|   | Note payable on demand to a private individual, interest at 6%.  (5)                                |            140,000            |
|   | Note payable on demand to a private individual, interest at 6%.                                          |              25,000 |
|   | Non interest bearing unsecured advance from an employee                                                  |              39,901 |
|   | Unsecured line of credit with MBNA in the amount of  $30,000, interest at 21.25% at March 31, 2005. |              27,920 |
|   |                                                                                                     |  $        260,321                            |
|   |                                                                                                     |                                                                                 |

            (5)

Thisnote is secured by 2,000,000 shares of the Company’s common stockthat are held in escrow and are contingently issuable in the event ofdefault (see Note 5).

Interestexpense for the three months ended June 30, 2005 and 2004 was $13,339and $12,999, respectively; and for the six months ended June 30, 2005and 2004 was $43,785 and $24,638, respectively.

Page 15

**5.**

**Common Stock**

OnJanuary 2, 2005, the Company issued 1,000,000 shares of its commonstock to five individuals for professional services that were valued,in the aggregate, at $9,000.

OnApril 1, 2005, the Company issued 100,000 shares of its common stock totwo individuals for professional services, that were valued, in theaggregate, at $16,200.

OnMay 9, 2005, the Company issued 50,000 shares of its common stock anindividual for professional services, that were valued, in theaggregate, at $4,500.

Separately,on May 9, 2005, the Company placed 2,000,000 shares of its common stockin escrow as contingent security for a borrowing from an individual(see Note 4).  These shares are only to be issued in the event ofa default on the borrowing.  The shares are treated as not issuedor currently outstanding.

**6.**

**Related Party Transactions**

Amounts payable to officers and stockholders at June 30, 2005 consists of the following:

|   | Note payable to Chief Executive Officer, due on demand, interest at 6%                   |  $        120,500                            |
|--------|------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------|
|   | Amount payable to Chief Operating Officer, due on demand, interest at 6%                 |              17,429 |
|   | Unsecured non-interest bearing compensation deferrals payable to Chief Executive Officer |              13,334 |
|   | Unsecured non-interest bearing compensation deferrals payable to Chief Operating Officer |              13,452 |
|   |                                                                                     |                                                                                 |
|   |                                                                                     |  $        164,715                            |
|   |                                                                                     |                                                                                 |

Interestexpense for the three months ended June 30, 2005 and 2004 was $1,960and $240, respectively; and for the six months ended June 30, 2005 and2004 was $2,360 and $295 , respectively.

Page 16

**7.**

**Withdrawl of LLC member**

EPGlobal, during September 2004, entered into a joint venture with theInforMedx Group, LLC, (“InforMedx”) a subsidiary of theConemaugh Health System of Johnstown, Pennsylvania(“Conemaugh”), to promote on line educational seminars,using a web based medium presenting topics that relate to the care ofspecial needs individuals.  

Thecontent of the seminars is medically based in most instances.  Theintended audiences are professional, and aligned and family caregiversof special needs individuals. As agreed by InforMedx, the Company wasresponsible for managing and controlling substantially all aspects ofthe operation of the joint venture, including day to day operations anddevelopment and presentation of the on line educational seminars.

Toimplement the joint venture, EP stablished a limited liability company,EP Educational Network LLC, (“Network”) and InforMedxagreed to pay $210,000 for a one half interest in this newlyestablished entity.  Of this amount $100,000 was received inSeptember 2004 with the balance due September 2005.  Thetransaction was recognized in the Company’s financial statementsas additional minority interest. 

InJune of 2005, shortly after a change in senior management at Conemaugh,InforMedx informed the Company that it had reconsidered its continuingparticipation in the joint venture and made a determination thatcontinued participation would not be consistent with Conemaugh’sstrategic goals.  Accordingly, InforMedx has agreed to return itsone-half ownership of the LLC to the company in exchange for beingreleased from making the $110,000 contribution in September 2005. Consequently, the Company has transferred $100,000 of minorityinterest to additional paid in capital.

**8.**

**Subsequent Events**

OnJuly 27, 2005, the Company received notice that an action has beencommenced against the company alleging breach of contract and othercauses of action seeking specific performance and other unspecifieddamages.  The Company is continuing its evaluation of the meritsof the claim and believes it has meritorious defenses.  TheCompany presently intends to contest the claim vigorously.  Whilethe claim is at an early stage, the Company does not believe that anadverse outcome  would materially affect its financial statements.

Page 17

**Item 2.  Management's Discussion and Analysis  of Financial Condition and Results of Operations**

Inthis section, "Management's Discussion and Analysis or Plan ofOperation," references to "we," "us," "our," and "ours" refer to EPGlobal Communications, Inc. and its consolidated subsidiaries.

ThisQuarterly Report on Form 10-QSB contains statements that may constitute"forward-looking statements" within the meaning, and made pursuant tothe Safe Harbor provisions, of the Private Securities Litigation ReformAct of 1995. Such statements are based on management's currentexpectations and are subject to a number of risks and uncertaintiesdetailed from time to time in our filings with the Securities andExchange Commission. These risks and uncertainties could cause ouractual results to differ materially from those described in theforward-looking statements. Any forward-looking statement representsour expectations or forecasts only as of the date it was made andshould not be relied upon as representing its expectations or forecastsas of any subsequent date. Except as required by law, we undertake noobligation to correct or update any forward-looking statement, whetheras a result of new information, future events or otherwise, even if ourexpectations or forecasts change.

Thefollowing discussion and analysis should be read in conjunction withthe financial statements, related notes and other information includedin this Quarterly Report on Form 10-QSB.

Critical Accounting Policies

TheCompany's discussion and analysis of its financial condition andresults of operations are based upon the Company's financialstatements, which have been prepared in accordance with generallyaccepted accounting principles in the United States of America. Thepreparation of these financial statements requires the Company to makeestimates and judgments that affect the reported amount of assets,liabilities and expenses, and related disclosure of contingent assetsand liabilities. The Company bases its estimates on historicalexperience and on other various assumptions that are believed to bereasonable under the circumstances, the results of which form the basisform making judgments about carrying values of assets and liabilitiesthat are not readily apparent from other sources. Actual results maydiffer from these estimates under difference assumptions or conditions.

Cautionary Statement Regarding Forward-Looking Statements

Thisreport contains forward-looking statements. Forward-looking statementsinclude statements concerning plans, objectives, goals, strategies,future events or performance and underlying assumptions and otherstatements that are other than statements of historical facts.

Page 18

Wordssuch as, "expects," "anticipates," "estimates," "believes" and similarexpressions are intended to identify forward-looking statements. Suchstatements are subject to risks and uncertainties that could causeactual results to differ materially from those projected. Such risksand uncertainties are set forth below. Our expectations, beliefs andprojections are expressed in good faith and are believed to have areasonable basis, including, without limitation, our examination ofhistorical operating trends, data contained in our records and otherdata available from third parties, but there can be no assurance thatour expectations, beliefs or projections will result, be achieved or beaccomplished.

Liquidity

Thecash flows from operations for the quarter ended June 30, 2005 wereinsufficient to meet the operating requirements of the Company. Tobalance the cash requirements needed for operations, the Companysecured short term borrowings, from private sources, with varying termsunder one year in the amount of $325,000 at market rates. These amountscoupled with additional borrowings and debt renegotiations completed inthe first quarter of 2005 have allowed the Company to meet itsobligations during the six month period ended June 30, 2005.

Inaddition, on April 30, 2005, the Company extended its line of creditwith a lending institution.  The terms are include interest-onlypayments to be made for four months followed by monthly principalpayments of $5,000 plus interest for an additional ten months therebyconverting a current liability into a fourteen month term loan.

Itshould also be noted that liquidity is expected to be enhanced infuture periods as a result of a corporate personnel realignmentcompleted in April 2005. This is expected to benefit operations withinthe following twelve months through cost reductions in selling, generaland administrative expenses of an estimated $225,000.

Asnoted in its Form 10-KSB l filing with the SEC, the Company hasinitiated a private placement offering aimed at raising $2,000,000 innew funding for the Company. The primary use of proceeds is intended tofund the Company’s expansion strategy that includes certainacquisitions in addition to paying down existing debt. Negligibleprogress was achieved in the second quarter; however, during July andAugust 2005 (through the date of this filing), the Company conducted aseries of presentations throughout the country with potentialinvestors.  While no funds have been raised thus far, managementbelieves there is has received expressions of interest from bothindividuals as well as institutional investors in participating in theoffering and the Company has scheduled follow up meetings with theseinstitutions and individuals.

Werethe Company, for any reason, to be unable to raise the entire$2,000,000 contemplated, or any portion thereof, it would reduceproportionately its acquisition plans to reflect the actual level offunding achieved while attempting to also pay down debt in a mannerthat is also proportionate to the actual level of funding achieved.

Page 19

Results of Operations

Three Months Ended June 30, 2005 compared to the Three Months Ended June 30, 2004

Sales

Salesfor the three months ended June 30, 2005 as compared to the same periodin 2004 decreased by approximately $295,000. The largest component ofthe decrease, $149,000 was experienced in page advertising, withdecreases of lesser amounts noted as well in circulation and specialproject income.  This decrease was anticipated by management andmet by the institution of increased promotional programs intended toreverse the decline and bring the Company back on plan within the thirdand fourth quarters of 2005. Overall for the six month period endedJune 30, 2005 as compared to 2004 the Company had a decrease in salesof approximately $105,000.

Operating Expenses Including Cost of Sales

TheCompany, for both the quarter and the six months ended June 30, 2005 ascompared to the same periods in 2004 has decreased expenses byapproximately $93,000 for the quarter and $114,000 for the six monthperiod.  Reductions in cost of sales result  primarily fromreductions in costs for printing, design and postage in comparison to2004 with a decrease for the quarter of $111,000 and $142,000cumulatively for the six months ended June 30, 2005 as compared to 2004.

Costcontainment in many areas allowed for the redeployment ofadministrative dollars to system improvement and key staffing increases.

Interest

Interestexpense has increased in the first and second quarters of 2005 comparedto 2004 due to an increase in debt and increasing interest rates dueprime based lending on certain of the outstanding debt instruments.

Taxes

TheCompany reflected no provision for income taxes in the first quarter of2005 because of the availability of a significant net operating losscarry forward to offset any taxable income.

Page 20

**Item 3.  Controls and Procedures**

(a)  Disclosure controls and procedures. As of the end of the Company’s most recently completedfiscal quarter (the registrant’s fourth fiscal quarter in thecase of an annual report) covered by this report, the Company carriedout an evaluation, with the participation of the Company’smanagement, including the Company’s Chief Executive Officer andChief Financial Officer, of the effectiveness of the Company’sdisclosure controls and procedures pursuant to Securities Exchange ActRule 13a-15.  Based upon that evaluation, the Company’sChief Executive Officer and Chief Financial Officer concluded that theCompany’s disclosure controls and procedures are effective inensuring that information required to be disclosed by the Company inthe reports that it files or submits under the Securities Exchange Actis recorded, processed, summarized and reported, within the timeperiods specified in the SEC’s rules and forms.

(b)  Changes in internal controls over financial reporting.There have been no changes in the Company’s internal controlsover financial reporting that occurred during the Company’s lastfiscal quarter to which this report relates that have materiallyaffected, or are reasonably likely to materially affect, theCompany’s internal control over financial reporting.

**Part II – Other Information**

**Item 1.  Legal Proceedings**

TheCompany is a plaintiff against a former director and shareholder whohas not satisfied the terms of his agreement with the Company as ofApril, 1998. The action resulted in the Company suspending payments tohim under that agreement which at the time of suspension had a balanceof $119,651. It is the opinion of the Company’s attorneys thatthe Company will not be liable for the payments and that the amount ofdamages being sought as compensation to the Company exceeds thecontract balance.

OnJuly 27, 2005, the Company received notice that an action has beencommenced against the company alleging breach of contract and othercauses of action seeking specific performance and other unspecifieddamages.  The Company is continuing its evaluation of the claimand believes it has meritorious defenses.  The Company intends tocontest the claim vigorously.  While the claim is at an earlystage, the Company does not believe that an adverse outcome wouldmaterially affect its financial statements.

**Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds**

None

Page 21

**Item 3.  Defaults Upon Senior Securities**

Not applicable.

**Item 4.  Submission Of Matters To A Vote Of Security Holders**

Not applicable.

**Item 5.  Other Information**

Not applicable

**Item 6.  Exhibits And Reports On Form 8-K**

(a)

Exhibits:

Exhibit 31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 31.2  Certification  of  Chief Financial Officerpursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 32.1 Certification of Chief Executive Officer pursuant to 18U.S.C. Section 1350, as adopted pursuant to Section 906 of theSarbanes-Oxley Act of 2002.

Exhibit32.2 Certification of  Chief Financial Officer pursuant to 18U.S.C. Section 1350, as adopted pursuant to Section 906 of theSarbanes-Oxley Act of 2002.

(b)

Current Reports on Form 8-K: 

1.

Current report on Form 8-K dated and filed April 20, 2005, reporting on Item 8.01. Other Events And Regulation FD Disclosure.

2.

Currentreport on Form 8-K dated April 27, 2005 and filed April 28, 2005,reporting on Item 8.01. Other Events And Regulation FD Disclosure.

3.

Currentreport on Form 8-K dated and filed June 27, 2005, reporting on item5.02. Departure Of Directors Or Principal Officers; Election OfDirectors; Appointment Of Principal Officers.

Page 22

**SIGNATURES**

Inaccordance with Section 13 or 15(d) of the Securities Exchange Act of1934 The Registrant has caused this  report caused this report tobe signed on its behalf by the undersigned, thereunto duly authorized. 

|   | EP GLOBAL COMMUNICATIONS, INC.                                                                                                      |
|--------|-------------------------------------------------------------------------------------------------------------------------------------|
|   | (Registrant)                                                                                                                        |
| By:    | /s/ Joseph M. Valenzano, Jr.                                                                                                        |
|   |      Joseph M. Valenzano, Jr., 

      President and Chief Executive Officer |
|   |                                                                                                                                |
|   | /s/ Robert J. Salluzzo                                                                                                              |
|   |      Robert J. Salluzzo

      Chief Operating and Financial Officer         |
|   |                                                                                                                                |
|   | Dated:  September 22, 2005                                                                                                     |

Inaccordance with the requirements of the Securities Exchange Act of1934, this Report has been signed below by the following persons onbehalf of the Registrant and in the capacities and on the datesindicated. 

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