EPIC Earns $1,827,877 or $0.17 per Share for 9 Months and EPIC's Focus Builds Shareholder Capital
05 Août 2013 - 8:48PM
Marketwired
EPIC Corporation (PINKSHEETS: EPOR) ("EPIC"), and Ronald S. Tucker,
EPIC's president, announced that "EPIC's earnings, for nine months,
are $1,827,877 or $0.17 per undiluted share."
"EPIC, for its nine months ending June 30, 2013, increased its
capital by $2,264,262 since September 30, 2012, has net profit of
$1,827,877 or $0.17 per undiluted share. The net profit is based on
a total number of shares issued and outstanding of 10,669,355 with
a float of 4,060,000 shares as of June 30, 2013," said Mr. Tucker.
"EPIC's performance is a the result of granting a worldwide
exclusive license for $1,950,000 in exchange of common stock of a
developing special purpose finance company in Europe."
EPIC's management stated in its Press Release of July 27, 2013,
"EPIC has a recapitalization and business structure reorganization
program ...to emphasize and demonstrate ...[how with] the effective
use of capital EPIC and its shareholders will realize increases in
...capital growth and capital value." The results demonstrate the
effectiveness of EPIC's program which includes the development of a
joint venture in Europe.
EPIC stated in its Press Release of July 24, 2013, "EPIC granted
the License to a European Company that is developing distribution
of AcuFAB® fabric and AcuPAD products made
from AcuFAB® in Europe and other part[s] of
the world including the US," said Mr. Tucker. "As consideration for
the License EPIC acquires a 27.3% interest in the European Company,
and EPIC will also receive one fourth (1/4) of any sublicense the
European company may grant. EPIC will also receive a commission on
the purchase of the fabric by the European Company or its
sublicensees."
About EPIC
EPIC is a special purpose financial services company that
provides corporate, business and financial services to
subsidiaries, affiliates and third parties, 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.
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CONTACT: Ronald Tucker CEO Email: Email Contact
Telephone: (307) 633-9874
Epic (CE) (USOTC:EPOR)
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