Welcome!

News Feed Item

EPIC Provides Rare Opportunity for Shareholders to Derive a 50% Discounted Price per Share on Tradable Shares

AUSTIN, TX -- (Marketwired) -- 04/08/14 -- EPIC Corporation (PINKSHEETS: EPOR) ("EPIC") and Ronald S. Tucker, EPIC's president, announced, "EPIC's Exchange Offer provides penny stock investors, those who are not day traders, with a rare opportunity. EPIC developed this sophisticated Exchange Offer to justify its management's belief that its stock is undervalued by as much as 1165% at the current price level. It is also to provide investors, who purchase its shares at current or higher market prices, an opportunity to derive tradable shares at a discounted price per share of 50% or more.

"Warren Buffett's stated investment philosophy is to first look at the facts of the business, second determine the enterprise or intrinsic value of the business, then look at the market price and if the market price is lower than the enterprise or intrinsic value start buying the stock with the idea that you are buying the business," said Mr. Tucker.

"The problem is most penny stock investors do not invest in penny stocks based on facts supporting an enterprise or intrinsic value. They invest in penny stock companies whose business is selling stock through hype and promotion with little or no substance to support an enterprise or intrinsic value greater than the market price of their stock," stated Mr. Tucker. "This results, at best, in a parabolic rise in price and a precipitous drop in price. In these cases the ones that make the money are parties that received and deposited free shares into the float and sell the shares at any price; or others that purchase shares outside of the market at abnormal discounts per share, deposit and sell the shares at market on the way up and/or down."

"EPIC is different from 99% of the other non-reporting penny stock companies, as well as many reporting penny stock companies. Management has been working to demonstrate that EPIC is a rare non-reporting penny stock company. Rare because our primary motivation, based on facts, is to build capital for EPIC and thereby capital growth for its shareholders," further stated Mr. Tucker. "To build capital growth in a penny stock a shareholder cannot merely purchase and hold shares. Shareholders must be protected from unwarranted dilution, be provided an opportunity to realize capital growth, and realize a return on investment without selling off their investment."

EPIC's management has developed the Exchange Offer to provide its market investors with an incentive and the ability to derive discounts of 50% or more per share from the present market price per share up to over $0.90 per share.

The table below sets forth several assumed market prices per share and indicates the discounted value for shares exchanged at the same market price. The table shows that an investor is able to pay a higher market price per share and still derive a significant discount per share.


--------------------------------------------------------------------------
   Price Per      Price Per      Converted      Price Per    % of Discount
     Share        Preferred    Common Share     Converted      per share
                    Share                         Share
--------------------------------------------------------------------------
     0.20           0.30           3.333          0.09            55%
--------------------------------------------------------------------------
     0.50           0.75           3.333          0.225           55%
--------------------------------------------------------------------------
     0.80           1.20           3.333          0.36            55%
--------------------------------------------------------------------------
     0.90           1.35           3.175          0.425          52.8%
--------------------------------------------------------------------------
     1.00           1.50           2.86           0.524          47.6%
--------------------------------------------------------------------------
     1,50           2.25           1.905          1.181          21.3%
--------------------------------------------------------------------------

Investors who purchase shares at a lower market price per share will be able to recover their investment faster than those which pay a high price. However, even those who do pay a higher price per share will be able to derive a significant discounted price per share. The amount of discount depends on the market price when the common is exchanged.

The Preferred Stock that is received by the shareholder's broker/dealer is not restricted because the common stock was acquired in the market; and the common stock received as a quarterly stock dividend and the converted common stock will be paid and delivered to the shareholder's brokerage account and are not restricted. The common stock from the stock dividend and the conversion can be sold on receipt and need not be cleared by the broker/dealer's clearing agent.

"AcuFAB, an Industrial and Medical textile, is now a registered patent. This fact supports management's belief that EPIC's enterprise value is $28 Million or more and its per share intrinsic value is $2.33 per share; based on approximately 12,000,000 shares of common currently issued and outstanding," further stated Mr. Tucker. "Management believes that at this time it is not unreasonable to believe that a market price of $1.50 per share would be fair and makes the current market price undervalued by 750%."

Investors can find more facts which support management's belief in an enterprise or intrinsic value of $2.33 per share in EPIC's Press Release dated March 25, 2014 by clicking the following link http://www.otcmarkets.com/stock/EPOR/news/This-Is-EPIC-s-Breakout-Year?id=77885&b=y.

Management estimates that by the end of April 2014, the float will be approximately 5 million shares of common stock. It further estimates that by the end of June 2014, approximately 1 to 1.5 million shares purchased in the market since December 31, 2013, will be exchanged for preferred stock and that between 2 to 2.5 million shares held by existing shareholders as of December 31, 2013, will be exchanged for a total of 3 to 4 million shares. It further believes that after the Exchange Offer the float will be 1 to 2 million shares of common stock and that 90 days after June 30, 2014, the maximum converted shares of common stock to be converted is approximately 1 to 1.25 million, if all were converted at one time. Management, however, believes that the 1 to 1.5 million shares will be converted gradually over a longer time period.

It is management's suggestion that shareholders interested in exchanging their common shares for preferred shares do so for about 2/3 of their acquired shares and sell the non-exchanged shares in the market to return all or a portion of their investment in EPIC's stock.

It is management's opinion that shareholders with non exchanged shares in the float will want to maintain an orderly market and will want the market price to rise, due to a desire to recover as much of their investment as possible.

If investors or shareholders have any questions send an email to [email protected] or call 904-282-3093.

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.

Add to Digg Bookmark with del.icio.us Add to Newsvine

CONTACT:
Gregory Stachacz
Director of IR
Email: Email Contact
Telephone: 904-282-3093

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Much of IT terminology is often misused and misapplied. Modernization and transformation are two such terms. They are often used interchangeably even though they mean different things and have very different connotations. Indeed, it is somewhat safe to assume that in IT any transformative effort is likely to also have a modernizing effect, and thus, we can see these as levels of improvement efforts. However, many businesses are being led to believe if they don’t transform now they risk becoming ...
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...