AUSTIN, TX--(Marketwired - October 29, 2014) - EPIC Corporation (PINKSHEETS: EPOR) ("EPIC") and Ronald S. Tucker, EPIC's president, declared "EPIC's common stock is undervalued and EPIC is not a 'shell company' as defined by Rule 144(i). Management believes that due to EPIC being a private company with a trading security, it is perceived as a 'shell company'."
"EPIC, however, has been in the same business with the same management since its inception in 1997," stated Mr. Tucker. "EPIC since 1999 has been a publicly trading company and since 2000 its management and company supporters have been buyers of EPIC's common stock with the shares still held in their brokerage accounts. They are not sellers! EPIC initially filed a Form 10 under Section 12(g) of the Securities Exchange Act of 1934. EPIC was a full reporting company until December 2001 when it voluntarily withdrew from its filling requirement and became a Pink Sheet non-reporting company."
"EPIC voluntarily withdrew not because it ceased doing business, but because it had to reduce its operational costs in order to continue its business. EPIC since December 2001 has continually engaged in more than limited operations, it has developed electronic products and AcuFAB products, and it has periodically had substantial revenues. Its total revenues since inception are $4,206,479 for an average of $268,805 per year over 16 years," emphasized Mr. Tucker.
"EPIC has been a project company since its inception. Its business is providing financial, business and corporate development services to its subsidiaries and joint ventures with third-parties. Our objective is to develop value in development stage companies," stated Mr. Tucker. "We acquired modem technology and a license agreement that has given EPIC $532,335, and EPIC developed 14 electronic products that have produced revenue, and 9 AcuFAB® products that have also produced cash sales at this time."
To download EPIC's business history click https://dl.dropboxusercontent.com/u/71480488/EPIC%20Corporation/Documents/History%20TENS%20%20EPOR%20- %2008242014.pdf.
To download acquired Technology and products developed click https://dl.dropboxusercontent.com/u/71480488/EPIC%20Corporation/Documents/EPIC%20Technology%3AProducts.pdf.
To download EPIC's Revenue Summary click https://dl.dropboxusercontent.com/u/71480488/EPIC%20Corporation/Documents/Revenues%20.pdf.
UPDATE
The shareholders of Preferred stock on September 30, 2014, received a 10.1466% quarterly stock dividend in EPIC common stock.
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http://www.otcmarkets.com/stock/EPOR/quote for investor and financial information.