SOURCE: EPIC Corporation

EPIC Corporation

November 19, 2014 10:59 ET

EPIC Receives $1M License Fee From Healthcare Products Company

AUSTIN, TX --(Marketwired - November 19, 2014) - EPIC Corporation Inc. (PINKSHEETS: EPOR) announces the company has received a one time license fee of $1 Million from EPIC's Medicor Corporation for Marketing & Distribution rights of EPIC Fabric Healthcare Products in North America for medical market segments.

EPIC received the right to receive the License Payments under a sub license agreement granted to EPIC Medicor Corporation, an affiliated company. The License Payments include a one time license fee of $1 Million, 50% of any one time sub-licenses fees granted by EPIC Medicor and a royalty of 10% on all product sales by EPIC Medicor.

EPIC plans to promote the sale of semi-exclusive licenses in other areas for $1,000,000. And are currently negotiating European marketing and distribution rights.

About EPIC:

EPIC CORPORATION is special purpose financial services company. EPIC provides corporate, business and financial services to subsidiaries, affiliates, and independent companies. Our focus is on healthcare and consumer product companies. EPIC strives to provide capital growth for it and its shareholders through the acquisition, development and commercialization of technology and intellectual property. We realize, we cannot prosper in isolation. We and our strategic partners use various technologies and intellectual property to develop economical products. We are committed to grow our business through research and development, production, marketing, and sales of healthcare products and services and other consumer products.

EPIC's insole products are now available from infant to Adult for all genders on the company's websites: Visit www.acufabinsoles.com to purchase EPIC insoles.

Visit www.epicistore.com to purchase pressure overlays and review testimonials. Visit www.epiccor.com for corporate information.

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

Safe Harbor Statement: Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as EPOR or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. EPIC Corporation, Inc.

Contact Information

  • Contact:
    Gregory Stachacz
    Director of IR
    Email: Email contact
    Telephone: 904-282-3093