NEWPORT BEACH, Calif., Oct. 15, 2003 (PRIMEZONE) -- Epic Financial Corporation (OTCBB:EPFL) announced today that it has launched its Technology Division to acquire, operate, and/or invest in financial technology and technology companies catering to the Internet, software, and technology infrastructure industries.
Epic Financial is currently evaluating several key acquisition and investment targets, and Management hopes to begin closing acquisitions and investments very soon.
William Parker, President of Epic Financial stated, "Epic Financial is aggressively pursuing its acquisition plan across the mortgage industry. With the acquisitions we have made and are planning to make, we will quickly propel the Company into an eight-figure annual revenue company-our latest acquisition of Key Mortgage alone brings Epic more than $4,000,000 in annual revenue."
"By concurrently pursuing an aggressive acquisition and investment plan through our Technology Division, we intend to leverage the high-growth opportunities presented through a broad range of technology and financial technology fields."
About Epic Financial Corporation
Epic Financial Corporation is a financial services and technology holding company focused on acquiring and investing in established and high-growth financial services enterprises and technology companies in the Internet, software, and technology infrastructure fields. The Company currently has two wholly-owned subsidiaries, American National Mortgage and Key Mortgage Corporation, and is in the process of acquiring Mission Equity. For further information please visit our website at http://www.4epic.net.
A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this actions may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may, "could," or "might," occur. Such statements reflect the current views of Epic Financial Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the "forward-looking" statements contained in this news release. The acquisition of Mission Equity is at the letter of intent stage and is subject to consummation by meeting certain terms and conditions as expressed in their respective letters of intent.