EPIC Announces Why It is a Special Non-Reporting Trading Company and Authorized Its Fourth Voluntary Exchange Offer
AUSTIN, Texas--(BUSINESS WIRE)--May 6, 2019--EPIC Corporation (OTC PINK: EPOR) (“EPIC” or “Company”) and Ronald S. Tucker announced that, “EPIC is a special private non-reporting public trading company, and the Board of Directors has authorized its fourth voluntary exchange to shareholders of common stock, held in street name, for shares of EPIC’s Series A 5% Convertible Preferred Stock on a basis of one share of common stock for one share of Preferred Stock. The exchange date is to be on or before June 18, 2019. The minimum number of shares of common to be exchanged is 1,000 shares and the maximum number of shares is 20,000.”
EPIC is a special private non-reporting trading company in part due to the difficulty for minor and major shareholders of record to deposit shares of EPIC stock with broker/dealers.
EPIC is special for three reasons:
1. EPIC is participating in the development and implementation of a virtual money system. Management believes the system will be implemented by the end of June or July 2019.
2. EPIC is a shareholder-oriented company.
3. EPIC is alike to a New York Stock Exchange company.
Why is the development and implementation of a virtual money system special?
EPIC’s mission is to establish a virtual money system that will provide its members with a hedge against currency depreciation.
To fulfill EPIC’s mission, it is the first time a cryptocurrency will be supported by precious metals.
How is EPIC a shareholder-oriented company?
It starts with Management’s belief that its wealth will be the result of creating wealth for its non-controlling shareholders in EPIC’s trading market. Shareholder wealth will be created by EPIC using its capital to promote the sale of American Eagle Silver and Gold Coins and converting them to EPIC Digital Dollars.
EPIC’s management believes in transparency. It will provide semi-annual and annual financial statements with Statements of Information that contain information required by the Securities & Exchange Act of 1934 (“Exchange Act”), without incurring the burdensome costs of being a reporting company under the Exchange Act or the requirements of OTC Markets to be a “Current Information” company.
EPIC’s business is a progression and will gradually grow without the necessity of having material events on a monthly basis.
How is EPIC alike to a New York Stock Exchange Company?
In June 2013, EPIC developed a Preferred Stock that has since paid a quarterly stock dividend to its Preferred Stock holders in street name.
EPIC has held three exchanges of EPIC common stock for EPIC Preferred Stock with shareholders’ owning common stock in street name. EPIC is now announcing its fourth exchange offer of common stock for preferred stock to shareholders in street name.
EPIC is the only private non-reporting trading company that pays a stock dividend to its preferred shareholders.
EPIC and its parent company, Tensleep Financial Corporation, are creating a disruptive, effective and usable virtual money system that combines the digital currency with American Eagle Silver and Gold Coins to form EPIC Digital Dollars.
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CONTACT: Scott McIntosh
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: EPIC Corporation
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PUB: 05/06/2019 06:00 AM/DISC: 05/06/2019 06:01 AM