AUSTIN, TX--(Marketwired - Nov 21, 2013) - EPIC Corporation (
EPIC, due as a result of its reorganization and financial restructuring, for the year ending September 30, 2013, generated a net profit of $0.17 per share based on 10,669,294 shares issued and outstanding, its total assets increased to $8,343,854 from $2,133,302, and its book value increased to $0.67 per share from $0.10 per share. EPIC's limited sales of AcuPAD products had a gross margin of 55%. https://dl.dropboxusercontent.com/u/71480488/EPIC%20Corporation/Financial%20Statements%209-30-2013.pdf
"EPIC's previously announced exchange offer of one share of EPIC's $1 face value Series A 5% Cumulative Convertible Preferred Stock for 3 1/2 shares of EPIC's common stock is now 3 shares," stated Mr. Tucker. "The exchange offer is made to encourage long term investors to purchase shares in the market and exchange the purchased shares for the preferred stock. All shares of common stock exchange will reduce the number of common shares in the float and the number of issued and outstanding shares of common stock."
Shareholders that purchase shares at $0.07, $0.10, $0.20, and $0.30 per shares on conversion will have an Rate of Return on investment of 476%, 333%, 167% and 111% respectively, with an annual yield of 23.81%, 16.67%, 8.33% and 5.56%, respectively, and if reconverted and sold at a market price of $1 per share the rate of return is 1428.57%, 1,000.00%, 500.00% and 333.33%, respectively.
EPIC's primary motivation is to provide investors with capital growth through an investment in EPIC and through EPIC investments in its strategic relationships and joint ventures. EPIC is able to achieve this with limited capital, due to the efficient use of its capital.
EPIC's business is simple. It is to build and provide a return of capital to its shareholders. It does this by entering into joint ventures or strategic relationships with qualified companies. A qualified company must have a unique product or service with significant potential, a positive net worth and is at an early stage in sales growth.
EPIC investors receive trading securities in joint venture companies through stock dividends in addition to opportunities to acquire shares at pre-market prices.
"EPIC, for more than 10 years, has been a private special purpose financial services company with a trading security. Its business is to develop joint ventures or strategic relationship with emerging growth companies and provide them with financial services that include the development of a trading security to provide investors with an exit strategy," said Mr. Tucker. "EPIC's objective is to provide its investors with capital growth and return of capital through the corporate, business and financial development of EPIC and its strategic relationships and joint ventures."
Mr. Tucker stated, "EPIC's management has managed the company since 1997. The reorganization of EPIC's business and restructuring of its organizations and financial structures is to demonstrate the worth or true value of the company. We want to show by actions that EPIC places shareholders first. We believe what is good for our shareholders is good for us."
Epic defines revenue as capital and revenue growth as capital growth and Epic, based on its primary purpose, has obtained sustainable growth of capital with limited but efficient use of capital. As Porter Stansberry wrote, "[When] a business reaches a certain level of capital efficiency, the shares will soar over the long run... The incredible thing is... no matter how big or small the company is -- its shares almost always soar over the long term."
EPIC management believes EPIC's stock is positioned to soar.
About EPIC
EPIC is a private special purpose financial services company with a focus on healthcare and medical products and service companies. Visit www.epiccor.com for corporate information and http://www.otcmarkets.com/stock/EPOR/quote for investor and financial information.
Contact Information:
CONTACT:
Ronald Tucker
CEO
Email:
Telephone: (888) 991-PADS (7237)