Epic Data International Inc.
TSX : EKD

Epic Data International Inc.

July 12, 2005 17:30 ET

Epic Data Announces Financings

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - July 12, 2005) - Epic Data International Inc. (the "Company" or "Epic Data") (TSX:EKD) announced today that has completed a loan transaction with BCI Holdings Inc. ("BCI"), a B.C. company wholly owned by Barclay Isherwood, a member of the Company's board of directors, pursuant to which the Company borrowed a principal amount of CAD$1 million for a period of up to two years at an interest rate of 7% per annum. In connection with this loan, the Company issued BCI warrants that entitle BCI to purchase up to an aggregate of 250,000 common shares of Epic Data at CAD$1.25 per common share upon the terms and conditions thereof. The proceeds of the loan will be used to support general working capital requirements.

The Company additionally announced that it is finalizing terms for a non-revolving credit facility with The Bank of Nova Scotia for an initial principal amount of CAD$0.8 million. The loan will be insured by Export Development Canada based on the value of accounts receivable from a US based customer of Epic Data. The secured bridge facility, which is expected to be finalized on July 14, 2005, will bear interest at 7.5% per annum and will be scheduled for repayment by March, 2006.

The Company reported that a more detailed description of the two financing arrangements described above would be provided with the issuance of their third quarter financial statements, scheduled for release on July 21, 2005.

About Epic Data International Inc.

For 30 years, Epic Data has been a leader in automatic identification and data collection solutions for the world's most progressive organizations.

In aerospace, automotive, high technology and industrial equipment & machinery manufacturers, Epic Data's systems are used to increase plant productivity and production velocity while identifying the continuous improvement initiatives vital to winning in today's competitive manufacturing environments.

In parking enforcement and route management, Epic Data's systems are used to increase productivity while improving customer service and worker safety by connecting mobile personnel to central offices in real time.

People and technology make Epic Data a global leader in automated data collection solutions for the extended enterprise.

Information about Epic Data is available at www.epicdata.com.

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