AUSTIN, TX--(Marketwired - Mar 18, 2014) - EPIC Corporation (
The Exchange Offer is made subject to the following terms and conditions:
1. The Exchange Offer is only made to shareholders with shares of common stock held in broker/dealer accounts of record through June 30, 2014;
2. The shareholder must offer to exchange not less than 18,000 shares;
3. The exchanges are to be made by a Notice of Exchange provided by EPIC through the shareholders' Broker/Dealers from March 31, 2014, through June 30, 2014;
4. The Notice of Exchange and shares to be canceled are to be submitted to EPIC's transfer agent, Corporate Stock Transfer;
5. EPIC reserves the right to reject the Notice of Exchange and to limit the number of shares to be exchanged in the absolute discretion of EPIC;
6. The exchanged Preferred Stock will be delivered within 5 business days of acceptance by EPIC and delivered for inclusion in the shareholders brokerage account; and
7. Preferred Shares issued prior to June 30, 2014, may not be converted until on or after July 1, 2014.
The status of the Preferred Stock and the common shares in which the Preferred Stock can be converted will be without restriction or legend condition. The Preferred Stock may or may not require the filing of a Section 15(c)(2)(11) of the Securities Exchange Act of 1934, as amended, to be traded.
EPIC's $1 face value Series A 5% Convertible Preferred Stock provides as follows. The 5% dividend is to be paid quarterly and can be paid in cash or in common stock of the Company at the discretion of the Company, or it can be accumulated and the Company can declare an accumulated dividend at a 25% discount from the ratio of the total value of shares traded to total volume traded ("VWAP," value-weighted average price) 10 days prior to the date of record, but not less than $0.10 per share. The Preferred Stock Shareholder can convert the face value of the preferred shares at a 65% discount from the VWAP traded 10 days prior to the date the written notice is received but no less than $0.30 per share and no higher than $1.00 per share. The number of shares declared in a stock dividend shall equal the 5% dividend rate of $1 per share divided by a 25% discount from the VWAP per share for the 5 trading days before the declaration date and the next 5 five trading days after the declaration date, but not less than $0.10 per share. In the event of liquidation preference, price will be $3 per share, and after 5 years from the date of issuance all or part of the Preferred Stock may be redeemed by the company for $10 per share. Click here to download a complete copy of the Description of the Preferred Stock.
Shareholders that purchase common shares at $0.10, $0.20, $0.30 and $0.40 per share on conversion will have an unrealized Rate of Return on Investment of 444.4%, 333.3%, 296.27% and 277.75% respectively, with a $0.10 increase above the purchase price. A 5% dividend on the purchase price of $0.10, $0.20, $0.30 and $0.40 per share based on $1 give a Yield of 33.33%, 16.67%, 11.11% and 8.83%, respectively. If the Preferred Stock is converted and sold at a market price of $1 per share the rate of return is 2,222%, 1,111%, 740.67% and 555.5%, respectively, based on the price of the common stock being $0.10, $0.20, $0.30 and $0.40 per share.
EPIC's primary motivation is to provide investors with capital growth through an investment in EPIC and through EPIC strategic relationships and joint ventures. EPIC is able to achieve this with limited capital, due to its 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."
"EPIC's management has managed the company since 1997," stated Mr. Tucker. "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:
Gregory Stachacz
Director of IR
Email:
Telephone: 904-282-3093