EPIC Is Pro-Shareholder, & EPIC Changes Exchange Rate From 3 1/2 to 3 Shares for 1 Share of EPIC's Cumulative Convertible Pre...
21 Novembro 2013 - 12:15PM
Marketwired
EPIC Is Pro-Shareholder, and EPIC Changes Exchange Rate From 3 1/2
to 3 Shares for 1 Share of EPIC's Cumulative Convertible Preferred
Stock
AUSTIN, TX--(Marketwired - Nov 21, 2013) - EPIC Corporation
(PINKSHEETS: EPOR) ("EPIC"), and Ronald S. Tucker, EPIC's
president, announced, "EPIC's in progress reorganization and
structure and financial restructuring is shareholder
motivated. EPIC's motivation is to demonstrate the company's
true value to investors, which management believes to be $1.70 at
the low end and $2.86 per share on the high end based on shares
outstanding of 10,669,294. In furtherance of EPIC's
efforts to attract new investors to a significantly undervalued
stock, EPIC has changed its previously announcement exchange offer
to shareholders from 3 1/2 shares to 3 shares of its common stock
for 1 share of EPIC's $1 face value Series A 5% Cumulative
Convertible Preferred Stock."
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: Ronald Tucker CEO Email: Email Contact Telephone: (888)
991-PADS (7237)
Epic (CE) (USOTC:EPOR)
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