EPIC Earns $0.17 per Share, Has a Book Value of $0.67 per Share & a Return on Equity of 176%, & Offers to Exchange One Conver...
October 31 2013 - 9:15AM
Marketwired
EPIC Earns $0.17 per Share, Has a Book Value of $0.67 per Share and
a Return on Equity of 176%, and Offers to Exchange One Convertible
Preferred Share for 3 1/2 Shares of Common Stock
AUSTIN, TX--(Marketwired - Oct 31, 2013) - EPIC Corporation
(PINKSHEETS: EPOR) ("EPIC"), and Ronald S. Tucker, EPIC's
president, announced, "EPIC for its year end dated September 30,
2013 earned $0.17 per share of issued and outstanding common stock,
has a book value of $.67 per share, a return on equity of
176%. EPIC will also for an undetermined period is offering to
exchange one share of its $1 face value Series A 5% Convertible
Preferred Stock for 3 1/2 shares of EPIC's common stock."
EPIC for its year ending September 30, 2013, has earned
$1,798,239 with 10,669,294 shares issued and outstanding, its total
assets equal $8,343,854, and its book value is
$7,103,897. EPIC's earnings are the result of a tax free one
time exchange, under §351 of the Internal Revenue Code, of all its
intellectual property rights to AcuFAB and its AcuPAD products for
1,500,000 shares of a newly organized European Company's common
stock which represents a 27% ownership interest in that
company. EPIC's limited product sales of AcuPAD products had a
gross margin of 55%. To view or download a copy of EPIC's
Annual Financial Statement click this
link. https://dl.dropboxusercontent.com/u/71480488/EPIC%20Corporation/Financial%20Statements%209-30-2013.pdf
EPIC during the past year started a reorganization and
restructuring plan. EPIC as part of the plan established a $1
face value Series A 5% Preferred Stock for EPIC and RX Healthcare
Systems, Ltd., EPIC's majority owned subsidiary. EPIC in
September 2013 transferred its healthcare products business to RX
Healthcare.
"EPIC is a private special purpose financial services company
with a trading security to provide long term investors with an exit
strategy," said Mr. Tucker. "EPIC's objective is to provide
its long term investors with capital growth through the corporate,
business and financial development of strategic relationships or
joint ventures primarily with third party Healthcare product and
medical device companies."
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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