SOURCE: EPIC Corporation

EPIC Corporation

March 31, 2016 01:00 ET

EPIC, the Dividend Company, Initiates an Offer of Redemption of Epic Common and Preferred for RX Healthcare Common Stock

Epic Completed Is Twelth Consequtive Quarterly Preferred Stock Dividend

AUSTIN, TX--(Marketwired - March 31, 2016) -  EPIC Corporation (OTC PINK: EPOR) ("EPIC"), and Ronald S. Tucker announced that, "EPIC's Board of Directors has approved an Offer to redeem shares of its common stock and shares of its Series A 5% Convertible Preferred Stock held in street name. EPIC has completed its twelfth consecutive preferred dividend; and EPIC has reaffirmed the development of the dividend policy for the common shareholders, and its voluntary Third Stock Exchange Offer of common stock for preferred stock."

EPIC's Board of Directors has approved an offer to redeem shares of its common stock with shares of its Series A 5% Convertible Preferred Stock in an exchange for RX Healthcare Systems, Ltd.'s (RX Healthcare) common stock subject to the following terms and conditions:

 1. The common shareholders can voluntarily submit any number of EPIC common or preferred shares on or before June 10, 2016, for exchange in redemption.

 2. The number of shares of RX Healthcare's common stock to be issued for each share of EPIC's common stock is to be determined on the date EPIC's transfer Agent receives the EPIC shares to be redeemed. The number of RX Healthcare's shares are to be determined on the average VWAP for 10 trading days prior to receipt of the EPIC shares as follows:

 a. An average VWAP of <$0.25, one share of EPIC for one share of RX Healthcare common stock;

 b. An average VWAP of >$0.25 and <$0.50, one share EPIC for two shares of RX Healthcare common stock; and

 c. An average VWAP of >$0.50, one share of EPIC for three shares of RX Healthcare common stock.

 3. For each share of EPIC preferred stock redeemed the preferred shareholder will receive 4 shares of RX Healthcare.

 The objective of the Voluntary Offer of Redemption is to give EPIC shareholders who are primarily interested in sales growth of the AcuFAB® products an ability to own RX Healthcare shares (Shares) that are qualified under a Qualified Offering Circular (non-Rule 144 Shares) as of January 28, 2015, The share value in the Qualified Offering was $0.25 per share. The redemption transaction in a non-taxable event and the basis of the Shares received is the basis of the EPIC shares redeemed. However, the value of the exchange is equal to the number of Shares received times $0.25 per share. (Download a copy of RX Healthcare's Supplement Offering Circular filed with the SEC by clicking here.) EPIC's management believes that the 29,000,000 RX Healthcare shares issued and outstanding have an intrinsic value of approximately $1 per share, and the Shares you receive will be deposited directly into your brokerage account at no cost.

 The RX Healthcare common stock is not traded at this time and it will not be able to trade until it has sales, but there will not be significant sales growth until it has a significant direct investment to pay for marketing and advertising.

 It is EPIC's management's hope that the Offer of Redemption, the development of a Dividend Policy for the common shareholders, and the Third Stock Exchange Offer will be an incentive to provide you, old and new shareholders, to purchase with confidence EPIC's common stock at higher prices. Management believes higher prices will enable EPIC to receive direct investments sufficient provide RX Healthcare to conduct the necessary marketing and advertising for sales growth. (Download the prior press release that sets forth the outline of the Dividend Policy and the Third Stock Exchange Offer.)

About EPIC

 EPIC has had the same management and same primary objective to provide investors with a high yield and ROI since its incorporation in 1997.

 EPIC is now reorganized into a finance company that provides inventory and sales order financing as well as other financial services to development stage and emerging growth companies. It has been and will continue providing funding to RX Healthcare Systems, Ltd., its majority own subsidiary and is negotiating to fund several independent companies.

 EPIC CORPORATION, The Dividend Company, is an "Outside-The-Box" privately traded company. It is a finance company that provides inventory and purchase order financing as well as other financial services to private and public companies by providing them funding and corporate, business and financial services.

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

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