The document summarizes information about Waterloo Records in Austin, TX. It defines an EP as having 2-5 songs and being shorter than 30 minutes. It also defines an LP or full-length album as having 10-20 tracks and a length of 30-50 minutes. The document notes that Waterloo Records supports local indie artists through consignment and used to have more in-person visits from record labels that are now mostly done by phone or email.