EPIC Corp. Outlines 2010 Growth Initiatives in Letter to Shareholders
27 1월 2010 - 10:00PM
PR Newswire (US)
AUSTIN, Texas, Jan. 27 /PRNewswire-FirstCall/ -- Epic Corp.
(OTC:EPOR), a healthcare financial services company today issued
the following letter to shareholders from the Company's Chief
Executive Officer, Ronald S. Tucker: Dear Shareholders, This is the
first of many shareholder updates that we will provide to more
effectively communicate our progress and development of our company
to you. During the first fiscal quarter ending December 31, 2009,
EPIC entered into a consulting agreement with Senior Care Holdings,
Inc. ("Senior Care") for the formation of Senior Care Communities
Trust, Inc. ("Trust"). We acquired a 50 percent interest in a
healthcare operating and service holding company, filed an Offering
Statement with the U.S. Securities and Exchange Commission for the
Trust and arranged for the preparation of an audited financial
statement for the years ending September 30, 2009, and September
30, 2008. Our consulting agreement with Senior Care provides our
company with monthly cash flow and a sizable contribution to our
bottom-line. The joint venture assures EPIC a profit of $2 million
as of June 30, 2010, of which $1 million is attributable as of
December 31, 2009. We see a tremendous growth opportunity for our
company through our joint venture with Senior Care. The 65-to-84
age group is the fastest growing age group in the United States
over the next two decades, and there are more than 38.6 million
senior citizens in the U.S. alone. Despite this demographic tidal
wave, there is a dramatic lack of age-specific housing, and the
industry is very fragmented. To put things in perspective, 10 of
Senior Care's facilities had net revenues of $71,950,000 and net
profit of $4,550,000 for the 12 months ending June 30, 2009. We are
uniquely positioned to not only profit from Senior Care's
operations, but help them expand their operations by opening new
facilities that will be funded through the Trust. In the second
quarter EPIC will complete its audit and blue sky its common stock
to enable broker sales, commence acquiring interests in healthcare
facilities operated by Senior Care for its subsidiary RX
Healthcare, and qualify the Trust Offering Statement with the SEC.
We are diligently working toward building additional value for our
valued shareholders, and capitalizing on our timely and distinctive
investments in the months and years ahead. Thank you for your
continued support. Sincerely, Ronald S. Tucker Chief Executive
Officer About EPIC Corporation EPIC Corporation is a healthcare
financial services company, whose value grows through the internal
and external growth of its healthcare subsidiaries and affiliates.
Its mission is to provide investment opportunities in healthcare
companies, primarily those providing healthcare services to seniors
through independent living, assisted living, and skilled nursing
facilities. See
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=EPOR#getCompanyInfo
for a current quote and for financial and market information about
EPIC Corporation, and the Company website at
http://www.intellibridgeir.com/. EPIC Contact: ------------- Ronald
S. Tucker (760) 771-0036 DATASOURCE: EPIC Corporation CONTACT:
Ronald S. Tucker of EPIC Corporation, +1-760-771-0036, Web Site:
http://www.epiccor.com/
Copyright