AUSTIN, TX--(Marketwired - October 27, 2014) - EPIC Corporation (
"EPIC is not a typical pink sheet non-reporting company," stated Mr. Tucker. "We have a different business concept. We believe a company's value is its intrinsic or enterprise value and our strategy is to provide short term and long term investors with capital growth."
"EPIC is a project company. Our objective is to develop intrinsic value in development stage companies. We hold the conviction that our common stock is undervalued based on our Present Value Model evaluation. Our future revenue and profits will come from EPIC's exclusive worldwide rights to the patented design fabric AcuFAB®," stated Mr. Tucker. "AcuFAB® is a unique spacer fabric with a microclimate that provides greater air ventilation and blood circulation to persons sitting, lying down, or standing. Users have affirmed AcuFAB®'s qualities with written and oral testimonials."
"Intrinsic value is calculated on facts and reasonable assumptions, not hype or promotion. Intrinsic value is not market value and is not based on revenues," stated Mr. Tucker. "Development companies by definition have no or limited revenues. Substantial revenues are slow to develop. Intrinsic value does not reflect actual sales. It does reflect potential revenues and profits. The value assumes an enterprise will have sufficient capital for marketing and advertising costs," he explained.
Management made its Present Value Model calculation based on the following facts:
"EPIC is a project company and, its subsidiary, RX Healthcare Systems, Ltd,, is a development stage company. They have established the potential of AcuFAB® and its products," said Mr. Tucker. "RX Healthcare, a non trading company, is now in transition to become an operating company. We have developed a strategic and tactical plan to raise the necessary capital to launch the operational business. An important part of the plan is to inform and convince short and long term investors that (1) EPIC is not the typical pink sheet company, (2) that it is not a 'shell company' and (3) that its stock is undervalued."
UPDATE
EPIC has not been able to arrange for the trading its Series A 5% Convertible Preferred Stock. However, a few direct shareholder trades have established a preferred stock printed value. The shareholders of Preferred stock on September 30, 2014, received a 10.1466% quarterly stock dividend in EPIC common stock.
Visit www.acufabinsoles.com to buy insoles
Visit www.epicistore.com to buy pressure overlays
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
Telephone: 904-282-3093