AUSTIN, TX--(Marketwired - June 21, 2016) - EPIC Corporation (
"A shareholder accepts the change offer has an average cost per share of $0.50 could receive a quarterly cash on cash yield of 7% with an annual rate of 28%. This is based on an average VWAP price of $0.85 per share of common stock prior to the dividend declaration date and the sell of the stock received from the dividend at a price of $0.85 per share divided by $0.50.
"Shareholders accepting the exchange are able to convert the preferred stock to common stock and then sell the common stock at the current market. The preferred stock has a variable conversion rate based on a discount of 65% of the average VWAP price per share 10 days before the date of the shareholders written request for conversion, e.g., if the average VWAP was $0.25, $0.50, or $0.85 per share the number of common shares received would be 10, 5.714, and 3.361, respectively. If the shareholder sells all the converted shares at $0.25, $0.50, or $0.85 per share and sells price per share is divided by the average cost pre share of $0.50, the shareholder would receive a ROI of 500%, 571%, and 571%, respectively."
About EPIC
EPIC has had the same management and same primary objective to provide investors with a high yield and ROI since its incorporation in 1997.
EPIC CORPORATION, The Dividend Company, is an "Outside-The-Box" privately traded company. It is a holding company that acquires qualified private companies ("QPC") or interests in QPC's and provides them with financial and management services through subsidiary companies.
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