SOURCE: EPIC Corporation

EPIC Corporation

June 15, 2015 09:00 ET

EPIC, an Outside the Box Pink Sheet Company, to Boost the Market Price of Its Common Stock to $0.23 per Share has Reduced Its Outstanding Common Stock by 62%

AUSTIN, TX--(Marketwired - June 15, 2015) - EPIC Corporation (OTC PINK: EPOR) and Ronald Tucker its CEO announced "EPIC to boost the market price of its common stock to $0.23 per share by a capital restructure negotiated with major shareholders to reduce its outstanding common stock to 26,606,386 shares, a reduction of 62%. The float of 5,531,958 shares was not effected."

Prior to the reduction in shares the market cap of EPIC reflected a relative value of approximately $6,122,000 which after the reduction in shares equals $2,327,621, both being calculated at the current market price of $0.0875 per share. However, the market cap at this time should remain $6,122,000 which should provide for an increase in the market value to $0.23 per share.

The market cap for a Pink Sheet or Penny Stock Company is usually an artificial value that usually reflects a large number of shares issued and outstanding rather than a relative value for the company as a whole. When companies with a realistic market cap reduce their outstanding shares the market price should increase in proportion to the percentage of decrease in shares.

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Management believes that a market price of $0.23 per share would be undervalued. It believes the Real or Enterprise Value of the Company prior to the reduction was $0.40 to $0.45 per share and after the reduction it is $1.05 to $1.10 per share.

The reduction is being accomplished through a contribution to capital by several major shareholders and a redemption of shares from three shareholders.

The Consideration for the redemption of shares is the issuance of a 5 year promissory note to the three shareholders with the notes having a total face value of $600,000. The notes are due on demand or June 12, 2020, and they bear no interest. The notes also grant the holders of the notes an option to purchase all or a portion of 6,000,000 shares of common stock apportion among the three shareholders according to the face amount of the individual note at $0.10 per share.

EPIC's management believes its investors are the source of wealth. Any Pink Sheet, Penny Stock, or Blue Chip investor should receive a real ROI without liquidating their investment to realize a market ROI. The Company offers both a high yield real ROI through its preferred stock's quarterly dividend and a potential market ROI through the appreciation of its common and preferred stock.

About EPIC

EPIC CORPORATION, the dividend company, is an outside the box Pink Sheet Company. Its business is to develop private companies into public companies by providing them with corporate, business and financial services both before and after becoming a public trading company.

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

Contact Information

  • CONTACT:
    Scott McIntosh
    Email: Email contactTelephone: 949-228-2352