SOURCE: Epic Financial Corporation

October 25, 2006 09:15 ET

Epic Financial Corporation Acquires Leading Financial Software Company

FRESNO, CA -- (MARKET WIRE) -- October 25, 2006 -- Epic Financial Corporation (PINKSHEETS: EPFL) today announced that it has acquired Financial Insights, Inc., a Utah-based software solutions provider. No terms of the transaction were disclosed.

Financial Insights, Inc., headed by its Founder and President, Todd Moynier, is a 10-year-old firm that develops software for the financial industry. Its leading software products are highly unique mortgage/debt elimination systems and a wealth builder program.

Todd Moynier, President of Financial Insights, Inc., which is now operating as a wholly owned subsidiary of Epic Financial Corporation, said, "Over the past ten years, Financial Insights has developed its software package, which has evolved into a debt elimination program that creates a customized plan to eliminate all debt, including mortgages, student loans, auto loans, credit cards and all other installment loans in usually one-third (or greater) the normal pay-off time. Our revolutionary software package creates a complete, yet simple to understand, Wealth Building P.L.A.N. for consumers. This software analysis utilizes sophisticated mortgage structuring, cash flow and investment strategies to determine the best way to build wealth, through the integration of debt elimination and investment strategies. This unique feature sets our software apart from other systems that focus solely on debt elimination or investment strategies."

Mr. Moynier went on to say, "The Financial Insights software now known as 'Epic WealthBuilder™' has been tested by hundreds of companies and thousands of financial professionals throughout North America. Along with our WealthBuilder analysis, our unique software package also includes other strategies, such as Debt Elimination, Investment Strategies and a soon to be offered Mortgage Cycling analysis. One of the most valuable components of the P.L.A.N. is our Third Party Administrators who manage the P.L.A.N. and eliminate all the worry and self discipline of paying bills so our clients can focus on other things."

Rodney R. Ray, President of Epic Financial Corporation, stated, "We have seen what the debt reduction software program can accomplish in our marketing relationship with No More Mortgage™, which has successfully utilized this software for many years. We intend through this timely acquisition to step forward to educate, where education has not been emphasized. We have formulated a P.L.A.N. that allows individuals the opportunity to attain financial independence in the shortest time possible, by applying sound economic principles combined with a system that supports discipline.

We intend, through our ASAP Marketing Corporation subsidiary, to immediately market both the debt reduction and the Epic WealthBuilder™ software programs to the numerous participants in the financial services industry, including mortgage brokers, mortgage banking firms, banks, credit unions and financial planners."

Mr. Ray went on to say, "We fully expect that this timely acquisition will enable Epic to become a profitable, viable competitor in the financial services arena."

About Epic Financial Corporation

Epic Financial Corporation, through its wholly owned subsidiaries, Financial Insights, Inc. and ASAP Marketing Corporation, owns and markets the unique mortgage/debt reduction software and the "Epic WealthBuilder™" software to the financial services marketplace. In addition, it will continue to utilize its exclusive license with NoMoreMortgage™ to go directly to consumers to offer these mortgage/debt reduction services.

A number of statements referenced in this Release, and in interviews that have been granted, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Epic Financial Corporation with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. Epic Financial Corporation does not undertake any responsibility to update the "forward-looking" statements contained in this news release. Any communications received by fax or e-mail concerning Epic Financial Corporation which have not been authorized by the Company or its investor relations/media advisory firm are specifically disavowed by the Company.

Contact Information

  • Contact Person:
    Rodney Ray
    CEO
    Epic Financial Corporation
    559-435-4380