AUSTIN, TX--(Marketwired - May 05, 2015) - EPIC Corporation Inc. (
| "EPIC has been and is now a revenue producing and dividend paying Pink Sheet company. It generates revenue by providing project companies with services enabling those companies to raise capital and provide investors an exit strategy. | ||
| "EPIC has a common stock with a float of 3,865,308 shares. Its shares are cheap and undervalued with an intrinsic value of 12 – 14 times its current market value. It has a high yield Preferred Stock that pays a quarterly dividend in cash or stock. | ||
| "EPIC's Board of Directors has set the terms, dates, and formula for the exchange rate of it common stock for preferred stock; | ||
| "EPIC declares it ninth consecutive quarterly common stock dividend for Preferred Shareholders; | ||
| "A broker/dealer has submitted a form 211 with FINRA to quote EPIC's preferred stock; | ||
| "EPIC's Board of Directors has authorize a special stock dividend of RX Healthcare Systems, Ltd., free trading common stock to preferred shareholders at a date to be determined; | ||
| "RX Healthcare, EPIC's majority owned subsidiary licensee of AcuFAB products is focusing its business on the marketing and distribution of the AcuFAB sport insoles; and | ||
| "EPIC has been engage by a development stage medical device company to provide EPIC's financial services for the business, corporate and financial development of that company." |
The Exchange Offer will be formally made on June 15, 2015, and is offered to shareholders of common stock held in street name for EPIC's Series A 5% Convertible Preferred Stock by those shareholders which accept the Exchange Offer on or before July 15, 2015, and to be paid at a conversion determined by dividing $0.30 by the Closing price pre share of common stock on July 13, 2015, but at an exchange rate of not less than 1.5:1 and not more than 5:1 which must be exercised before 5:00 p.m., Eastern time, on July 15, 2015, and shares will be delivered on or before July 31, 2015. The exchange offer will not be available to Preferred Shareholders that have converted their preferred shares to common stock within 80 days of July 15, 2015, and the Preferred Shares can not be converted until 90 days from the date of July 31, 2015.
EPIC Board of Directors declared the ninth consecutive quarterly stock dividend on its Series A 5% Convertible Preferred Stock to preferred shareholders of record on June 22, 2015, which will be paid June 30, 2015. The dividend will be paid to preferred shareholders on the basis of 24% of the preferred shares owned. There are to be no fractional shares, any fractional share will be rounded up to one share.
About EPIC
EPIC CORPORATION, a pink sheet dividend company, is a special purpose financial services company. EPIC provides corporate, business and financial services to subsidiaries, affiliates, and independent companies. Our purpose is to provide pink sheet investors with short term and long term high yield investments in EPIC and our project companies.
Visit www.acufabinsoles.com to buy AcuFAB® insoles
Visit www.acufabsportinsoles.com to buy AcuFAB® sport insoles
Visit www.epicistore.com to buy AcuFAB® acupressure support surface
Visit www.acufabric.com to buy the AcuFAB® acupressure spacer fabric.
Visit www.epiccor.com for corporate information and
http://www.otcmarkets.com/stock/EPOR/quote for investor and financial information.
Contact Information:
CONTACT:
Scott McIntosh
Telephone:949-228-2352