SOURCE: EPIC Corporation

EPIC Corporation

June 06, 2016 01:00 ET

EPIC, the Dividend Company, Acquires Minority Interest in and Is to Participate in a Joint Venture With a Startup American Manufacturer of Boots and Shoes

EPIC Is to Commercialize Its ACUFAB® Insole Into an ACUFAB® Orthotic and ACUFAB® Top Cover for Third Party Orthotics

AUSTIN, TX--(Marketwired - June 06, 2016) - EPIC Corporation (OTC PINK: EPOR) ("EPIC") and Ronald S. Tucker announced that "EPIC has entered in to an agreement to acquire a minority interest in a startup american manufacture of boots and shoes to be located in Michigan ("Startup"), and the Startup will aid EPIC in the development of an AcuFAB® orthotic and AcuFAB® top cover to be used with third party orthotics.

"EPIC is to acquire a 10 to 15 percent interest in the Startup and Ronald S Tucker, EPIC's Chairman of the Board of Directors and Chief Executive Officers is to become a director on the Startup's Board of Directors, its house attorney, its Director of Finance and Secretary.

"EPIC and the Startup are to enter into a joint venture to develop and manufacture private label AcuFAB® boots and shoes using the AcuFAB® fabric as a liner for the footbeds and aftermarket AcuFAB® orthotics. These AcuFAB® products will be sold by EPIC's independent sales representative to third party retailers and other independent sellers of footwear.

"The founder of the Startup has a life long experience in the manufacture of footwear, including over 15 years with Wolverine World Wide, Inc. His last position was Director of Commercialization.

"The Startup is sufficiently capitalized and its independent sales rep has obtained purchase orders and commitments for boots of approximately $1,000,000 in sales by 2016 year end with a first delivery to be in September 2016.

"The joint venture is to be funded by EPIC or its footwear subsidiary."

About EPIC

EPIC has had the same management and same primary objective to provide investors with a high yield and ROI.

EPIC CORPORATION, The Dividend Company, is an "Outside-The-Box" privately traded company. It is a holding company that acquires qualified private companies ("QPC") or interests in QPC's and provides them with financial and management services through subsidiary companies.

Visit www.epiccor.com for corporate information and at http://www.otcmarkets.com/stock/EPOR/quote for investor and financial information.

Contact Information

  • CONTACT:
    Scott McIntosh
    Email: Email contact

    Telephone:949-228-2352