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EPIC, the Dividend Company, Completes Its Restructure Into a Holding Company, and Announces a Stock Dividend, and Reaffirms Its Offer of Redemption
EPIC, the Dividend Company, Completes Its Restructure Into a Holding Company, and Announces a Stock Dividend, and Reaffirms Its Offer of Redemption.
About this update from Epic Corporation Colo
[{"type":"text","content":"\nEPIC, the Dividend Company, Completes Its Restructure Into a Holding Company, and Announces a Stock Dividend, and Reaffirms Its Offer of Redemption\n\nEPIC, the Dividend Company, Completes Its Restructure Into a Holding Company, and Announces a Stock Dividend, and Reaffirms Its Offer of Redemption\n\n\nEpic Suspends Its 3rd Exchange Offer and Dividend Policy Indefinitely Into the Future\n\n\n AUSTIN, TX--(Marketwired - May 25, 2016) - EPIC Corporation (OTC PINK: EPOR) (\"EPIC\"), and Ronald S. Tucker announced that \"EPIC has completed its reorganization and enterprise restructuring into a holding company and announced the following: (1) its 13th consecutive stock dividend to preferred shareholders; (2) the suspension of its third Stock Exchange Offer and the implementations of the Stock Dividend Policy for the common shareholders for an indefinite period of time; and (3) that it is continuing the Voluntary Stock Redemption Offer to the common and preferred shareholders for an indefinite period of time into the future.\"EPIC's Board of Directors has approved the Company's thirteenth consecutive quarterly stock dividend to its preferred shareholders as of June 27, 2016, and payable on June 30, 2016. The number of shares to be distributed will be 23.5% of the number of preferred shares held by the preferred shareholder, and all fractional shares are to be rounded up.EPIC shall acquire interests in qualified private companies (\"QPC\") and defines a QPC as a company that has: (1) a product with a significant growth potential; (2) It lacks the capital to brand the company and its products or services; (3) it may require restructuring and reorganization to raise capital for future growth; (4) It has the management experience and ability to grow the company; (5) management has a realistic approach to growth.EPIC through its subsidiaries provides QPC's with public relations and investor relations services, financial management services, and when possible a reasonable cash investment.EPIC's objective is to provide services to the QPC in order to create a trading equity in an alternative market as an exit strategy for the QPC's investors, and an awareness or branding for the company and its products and services.EPIC when possible will enter into joint ventures for the production and sale of products made with technology owned by EPIC....