AUSTIN, TX--(Marketwired - November 19, 2015) -
EPIC Declares Quarterly Stock Dividend & Announces 3rd Exchange Offer
EPIC Corporation (
"IT IS NOT EPIC'S BUSINESS to sell and distribute AcuFAB® products.
"RX HEALTHCARE SYSTEMS, LTD'S BUSINESS is to sell and distribute AcuFAB® products.
"EPIC's Board of Directors declared the 11th quarterly stock dividend in common stock equal to 12.5% of the shares of preferred stock held by shareholders of record on December 23, 2015, and to be paid on December 31, 2015. No fractional shares will be issued but will be rounded up.
"The Board also approved a 3rd Exchange Offer of common stock for preferred stock. The formal Exchange Offer is to be made in the first quarter of 2016. The number of common shares to be exchanged will depend on whether or not the market price is $0.50 per share or higher at the time of the formal announcement.
"EPIC, The Dividend Company, is an Outside the Box diversified healthcare holding company. Its business is to acquire technologies and commercialize the technologies in subsidiaries and to acquire interests in and help develop development stage and growth companies with unique proprietary products or services with a significant potential, a positive net worth, and are at an early stage in sales growth. The interests acquired may be in the form of joint ventures or strategic relationships.
"We recognize investors have an expectation of AcuFAB® product sales. But that is not EPIC's business but RX Healthcare's business. You are an investor in EPIC not RX Healthcare.
"RX Healthcare is a development stage company which at this time has little funding, has no sales force, and has been unable to market or conduct a selling campaign of AcuFAB® products. EPIC can not help until its market value increases.
"At a future date when RX Healthcare has substantial sales and has created substantial value EPIC will distribute RX Healthcare common stock to its investors through a stock dividend.
"Management believes that the reverse split demonstrates to EPIC investors that they have a stable and secure investment opportunity to earn a high return on investment. The Board of Directors initiated the preferred stock and effected two Exchange Offers and authorized a third to provide investors with a stable and secure investment."
ABOUT EPIC
EPIC, The Dividend Company, is a private but traded diversified healthcare holding company focused on the development of its majority owned subsidiary RX Healthcare Systems, Ltd.
Visit www.epiccor.com for corporate information and http://www.otcmarkets.com/stock/EPOR/quote for investor and financial information.
Contact Information:
Scott McIntosh
Telephone: 949-228-2352