NEWPORT BEACH, Calif., April 28, 2004 (PRIMEZONE) -- Epic Financial Corporation (OTCBB:EPFL) announced today that it has launched its Software Publishing Division to acquire, operate, and/or invest in software companies catering to the financial services arena.
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 hope to quickly propel the Company into an eight-figure annual revenue company."
"By concurrently pursuing an aggressive acquisition and investment plan through our Software Publishing Division, we intend to leverage the high-growth opportunities presented through a broad range of financial technology fields. With many developments currently underway in the software publishing arena, we plan to be announcing Merger & Acquisition activity soon."
Last fall, Epic created a Technology Division along similar lines of the new Software Publishing Division. Epic plans to have management and management consultants focused solely on the Software Division, and would hope that in time, software and education software sales will represent a substantial part of the Company's annual revenue.
For more information or to request a free Epic Financial Investor Kit, please visit the Company's web site at http://www.EPFLcorp.com.
About Epic Financial Corp.
Epic Financial Corporation (OTCBB:EPFL) is a dynamic financial services and financial technology holding company focused on acquiring, operating, and investing in established and high-growth financial services enterprises and technology companies.
The Company's divisions include Epic Mortgage, Epic Technology, and Epic Software Publishing. The Company's mission is to consolidate the highly fragmented financial services and financial technology industries, and to aggressively continue its revenue growth curve by executing its acquisition plan and take its Mortgage Division to excess of $1,000,000,000 in annual mortgage business.
Epic's primary technology initiative involves the forefront of financial technology, Internet, and communications--Voice Over Internet Protocol (VoIP). Epic's VideoFone VoIP System is being designed to allow customers, bankers, loan underwriters, and mortgage vendors-basically all parties involved in a financial transaction-to communicate face-to-face through the VideoFone's VoIP internet-based video conferencing system.
The Company's strategy has gained the attention of many on "the street," as it is on track to become a twelve-figure annual revenue company within the next 12 months. By continuing to pursue its acquisition strategy, Epic Financial could quickly become one of the Top 50 financial services companies in the mortgage industry.
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.