EPIC Earns $1,827,877 or $0.17 per Share for 9 Months and EPIC's Focus Builds Shareholder Capital
(firmenpresse) - AUSTIN, TX -- (Marketwired) -- 08/05/13 -- 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."
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 for corporate information and for investor and financial information.
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Datum: 05.08.2013 - 18:48 Uhr
Sprache: Deutsch
News-ID 284758
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