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Dear Mr. xxx :
Thank you for your recent correspondence and important questions.
Hopefully, I can satisfactorily answer your questions and point you to the best source of publicly disclosed information.
Epicus Communications' ("Epicus") most recent quarterly financial report was filed with the Securities and Exchange Commission ("SEC") (www.sec.gov) in January 2008 for the quarterly period ending November 30, 2007. Please review information from this periodic report and other filings by clicking here.
In regards to your first question, Epicus had approximately $65,000 in cash on hand as of its last financial report. Additionally, Epicus had approximately $326,000 in accounts receivable.
Note, loss from continuing operations for the most recent quarter was $447,309.
Available cash of $65,000 is likely not adequate to continue operations, if we presume losses from continuing operations will remain near last quarter's figures.
Also, Epicus' balance sheet indicates Epicus has significant current liabilities, experiences on-going costs associated with operating its public company (e.g. accounting, legal and financial), and has very limited revenues from Epicus' Voice Over IP (VoIP) business.
As of this writing, Epicus has not provided guidance to investors about its expected earnings this quarter (i.e. Q3 2008).
As such, Epicus is highly dependent on its ability to collect on the above referenced account receivables and/or secure new financing from institutional lenders.
In regards to your second question, we cannot make statements about future events, until first publicly announced in a news release or report filings with the SEC.
GlobalNet Corporation and Epicus share similarities and differences, both are outside the scope of this response due to various complexities surrounding each company. I suggest you consult with a registered financial adviser when evaluating investment considerations.
Pertaining to your third question, Epicus has neither received cash nor obtained debt assumption from any entity for the discontinuation of its traditional land-line business. Rather, Epicus recognized a charge to operations.
In regards to questions 4-5, management believes VoIP services for business and residential customers represents the best option available for creating value for its shareholders and improving investor confidence.
Epicus cannot provide guarantees it will be successful in transitioning to its new business model. As a shareholder, significant risks exist to your investment and you should review Epicus' risk statements outlined in its SEC reports.
Capitalization information is partially disclosed in proxy statements and annual reports (10-KSB) in a table format. This information is also reported in Section 16 filings. Some information is considered non-public and goes unreleased.
No executives or directors have bought shares in the open market in 2007. Investment considerations are individually made by each person.
Epicus does not control the secondary trading of its common stock. Market makers facilitate day-to-day trading. Investments considerations are determined by shareholders themselves.
The SEC is tasked with enforcing trading rules not issuer companies.
No venture capital firms are currently represented on Epicus' board of directors. Mark Schaftlein, CEO, is the sole board member.
Insiders (e.g. officers, executives, and 5%+ holders) are required to file Section 16 filings (e.g. Forms 3,4,5) with the SEC when they buy or sell shares of common stock. For one recent example, please click here.
As of January 11, 2008, 228,774,164 common shares were issued and outstanding. As such, a shareholder would need approximately 11.4 million shares to be a 5% holder.
There were no grants of stock options made during either Fiscal 2007
or Fiscal 2006 to executive officers and/or directors. No new compensation plans have been announced at this time.
Note, 3.3 million stock purchase warrants exist at $.03. Additionally, Epicus has $11.4 million in convertible secured debt, which could convert to common stock at a large discount to the current common share price resulting in significant dilution to existing common shareholders.
Note, Epicus will likely attempt to continue to raise funds with similar highly dilutive, debt instruments due to its operating losses, which could cause future dilution to existing shareholders.
Epicus Communications Group, Inc. is committed to providing investors with the highest level of shareholder service. If you have questions, please contact me, Monday-Friday, between 9:00 AM-5:30 PM EST, at 888-746-5440.
Sincerely,
Epicus Communications Group, Inc.
Gil Sharell, Investor Relations
Fact Sheet:
Short Interest: Jan 11, 2008
Volume: 882,132
% Change: +22,053,200.00
Avg. Daily Volume: 11,778,685
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=epcg#getShortInfo
Share Statistics:
Outstanding: 132.58 m
Float: 105.68 m
Non-Corp. Insider Hold'gs:
20.30% (as of 11/1/07)
http://investorshub.advfn.com/boards/quotes.asp?ticker=EPCG&qm_page=84380&qm_symbol=EPCG
Market Cap : 26.52K
Authorized Shares:
1,000,000,000 (as of Oct 26, 2006)
Post from Yahoo! Message Boards:
Alright, they have not filed BK (yet). I have spoken with one of their employees and was told that of their remaining 20-ish employees they fired everyone except about 5 managers.
So I ask you - why would anyone buy stock in a company that has nothing but 5 managers? What are they managing? NOTHING!
Their billing system is outsourced. They don't have any landlines. They only have 100 VoIP customers and even this is outsourced business because they can't even spell VoIP let alone manage the technology that VoIP would require them to have.
Did I mention that all they have now is about 5 managers? No operations people - especially I.T. people.
Yeah, perhaps they're "changing direction". It sure doesn't look like they know what they're doing. Why don't they have any I.T. people?
They were paying an I.T. guy which worked for them back when they were TCCF, on a contract basis but he has since quit and moved on to other things.
If you're stupid enough to buy this stock then you deserve the lose you'll get. Buying this stock means you trust that 5 managers can manage nothing effectively and produce revenue for the company - very unlikely in my not so humble opinion.
I stand by my handle - Epicus.Sucks
Sentiment : Strong Sell
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_E/threadview?m=tm&bn=36226&tid=56&mid=62&tof=1&rt=2&frt=2&off=1
Okay, Boys and Girls...
I think this is Ground Zero...
Next week we should see the wright direction of EPCG...
10QSB is coming...
Volume and Buying will follow...
10QSB
for EPICUS COMMUNICATIONS GROUP INC
coming soon...
the quartely report will show us the fastest way up.
lets see the Results of Operations first.
only a view days and the picking might be over.
then a strong rebound is near...
ao.
It smells like a shakeout spirit.
And now we are on the radar.
Lets see...
Frohe Weihnachten ! (Merry Christmas)
Greetings from Germany.
ao.
Date: 12/20/07
8-K
Report of unscheduled material events or corporate changes.
Item 4.01 - Changes in Registrant's Certifying Accountant
Resignation of S. W. Hatfield, CPA
----------------------------------
On December 20, 2007, the Board of Directors of Epicus Communications
Group, Inc. (Company) was notified by registered independent certified
public accounting firm, S. W. Hatfield, CPA (SWHCPA) of Dallas, Texas
that, due to the partner rotation rules and regulations of the U. S.
Securities and Exchange Commission and Sarbanes-Oxley Act of 2002,
SWHCPA is unable to continue as the Company's auditor and has resigned,
effective immediately.
The Company's Board of Directors has accepted the resignation of SWHCPA.
No accountant's report on the financial statements for either of the
past two (2) years contained an adverse opinion or a disclaimer of
opinion or was qualified or modified as to uncertainty, audit scope or
accounting principles, except for a going concern opinion expressing
substantial doubt about the ability of the Company to continue as a
going concern.
During the Company's two most recent fiscal years (ended May 31, 2007
and 2006) and from June 1, 2007 to the date of this Report, there were
no disagreements with SWHCPA on any matter of accounting principles or
practices, financial disclosure, or auditing scope or procedure. There
were no reportable events, as described in Item 304(a)(1)(iv)(B) of
Regulation S-B, during the Company's two most recent fiscal years (ended
May 31, 2007 and 2006) and from June 1, 2007 to the date of this Report.
Engagement of DeLeon & Company, P. A.
-------------------------------------
On December 20, 2007, the Company's Board of Directors approved the
engagement of De Leon & Company, P. C. of Pembroke Pines, FL (De Leon)
as the Company's new registered independent public accounting firm to
audit the Company's financial statements for the year ended May 31, 2008
and subsequent periods. Pursuant to SEC Release 34-42266, De Leon will
also review the Company's financial statements to be included in
Quarterly Reports on Form 10-QSB commencing with the quarter ended
November 30, 2007.
The Company did not consult with De Leon at any time prior to
December 20, 2007, including the Company's two most recent fiscal
years ended May 31, 2007 and 2006, and the subsequent interim periods
through the date of this Report, with respect to the application of
accounting principles to a specified transaction, either completed or
proposed, or the type of audit opinion that might be rendered on the
Company's financial statements, or any other matters or reportable
events set forth in Item 304(a)(2)(I) and (ii) of Regulation S-B.
Shares Outstanding:
199,000,000
12/18/2007 07:20EST
http://pcquote.com/stocks/index.php?symbols=epcg&x=0&y=0
Share Statistics
Outstanding:
132.58 m
Float:
104.43 m
Non-Corp. Insider Hold'gs:
46.40% (as of 8/1/07)
Bought Prev 3 Mo:
14.23 m
Sold Prev 3 Mo:
0
...that update is correct, isnt it !?
ao.
Oct 17, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: EPCG, ...
Short Interest:
Reg SHO Threshold Flag: Yes
Rule3210 Flag: No
Date:
Oct 16, 2007
Epicus Communications Group Inc. New (OTCBB: EPCG) through its wholly owned subsidiary, ECG on the Net, LLC, operates in the telecommunications industry in the United States. The company offers broadband Voice over Internet Protocol phone service to both residential and business customers with special emphasis on the small business market. It also provides its telephone accounts with the option of voice mail, caller ID, call waiting, call waiting caller ID, call forwarding, hold, line-alternate, 3-way conferencing, and online billing. The company was incorporated in 1985 under the name Hydrobac, Inc. and changed its name to Epicus Communications Group, Inc. in 2003. Epicus Communications Group, Inc. is based in Lake Mary, Florida. With 60.68 million shares outstanding and 583,900 shares declared short as of September 2007, there is a failure to deliver in shares of EPCG.
SEC Filings
10QSB
Oct 12, 2007
Period Ending Aug 31, 2007
net revenues of approximately $1,400,000
gross profit of approximately $207,000
net loss of approximately $1,040,000
the Company had approximately $153,000 in cash
selling, marketing, general and administrative expenses of
approximately $717,750
Weighted-average number of shares of common stock outstanding
91,766,826
ao.
Sep 27, 2007
Short Interest:
583,919
% Change:
-18,41
Avg. Daily Share Volume:
3,685,878
www.pinksheets.com
ao.
Fact Sheet:
Shares Outstanding: 60.68M
Float: 27.81M
Revenue (ttm): 8.01M
Gross Profit (ttm): 2.08M
Market Cap (intraday): 36.41K
Total Cash (mrq): 118.03K
Total Debt (mrq): 11.44M
ao
revenues for the fiscal year ended May 31, 2007 :
$8,013,044
gross profit:
$2,084,942
cash in operating accounts:
$118,031
Security Ownership:
Mark Schaftlein, CEO
5,250,000
8.65%
All Executive Officers and Directors as a Group (2 persons)
5,650,000
9.35%
Common Stock issued and outstanding
as of July 7, 2007 :
60,684,288 shares
Form 10KSB for EPICUS COMMUNICATIONS GROUP INC
12-Sep-2007
Annual Report
Item 6 - Management's Discussion and Analysis or Plan of Operation
Bankruptcy Filing
On October 25, 2004 (Petition Date), Epicus Communications Group, Inc. (Epicus Communications or Company, for purposes of identification in discussing the bankruptcy situation) and its wholly-owned subsidiary, Epicus, Inc. (Epicus for purposes of identification in discussing the bankruptcy situation), (collectively, Debtors) filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Florida (Bankruptcy Court) seeking reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Code (Bankruptcy Code). These actions were assigned case numbers 04- 34915, 04-34916, respectively (collectively, Cases).
The Company submitted a Plan of Reorganization (Plan) for consideration by the Bankruptcy Court and the affected creditors. On September 30, 2005, the Company received approval of the Plan of Reorganization and it was funded
and became effective on December 8, 2005. Upon confirmation by the Bankruptcy Court and became binding upon all Claimants and Interest holders.
Overview
With the effectiveness of the Plan of Reorganization, the Company transferred all operations into Epicus Communications Group, Inc. The Company had no operations in any subsidiary entity as of December 8, 2005.
As a result of the Company's initial filing of the Bankruptcy Action, the Company virtually eliminated all marketing activities. Management believes that it has identified the service areas which afford the best potential profitability and customer quality. With the December 8, 2005 settlement of the Bankruptcy Action, the Company reinstated various marketing efforts, including telemarketing activities, directed towards prospective customers with the highest likelihood of long-term retention and profitability.
Management, utilizing the tools available under the respective tariffs within the Company's geographic operating boundaries, began to more stringently evaluate the creditworthiness of prospective customers and terminate relationships with customers that were less than responsible in fulfilling their payment obligations. Further, within the limitations imposed by the Company's operating tariffs, management is evaluating the availability of rate increases as soon as practicable. As practicable, the Company, during future periods, as circumstances and situations warrant, will continue to pursue its efforts to add additional subsidiaries or become involved in attractive joint ventures, primarily in the telecommunications industry. The Company intends to continue its strategic acquisition activities to promote the products and the growth of Epicus as its primary subsidiary.
Results of Operations
Epicus Communications Group, Inc. (Company or Epicus Group) operates in the telecommunications industry; however, we may become involved in any venture which management believes would be in the best interest of the Company and its shareholders.
For the period from June 1, 2006 through May 31, 2007, the Company reported net revenues of approximately $8,013,044 with gross profit of approximately $2,084,942 (approximately 26%). These revenues were solely derived from telecommunication service sales. We have experienced deteriorations in gross margins as a result of various statutory changes and U. S. Congressional legislation allowing the primary telecommunication carriers, which provide the Company's backbone service, to raise rates and diminish pricing margins on CLEC carriers, such as the Company. Future tariff and pricing, as well as potential increases in rates from our primary telecommunication carriers will have an impact on our future revenues and gross profit levels, which at this time are unpredictable.
The Company incurred selling and marketing expenses of approximately $26,507 and general and administrative expenses of approximately $2,782,403 for the period from June 1, 2006 through May 31, 2007.
As a result of the 2004 bankruptcy filing, the Company disbanded its in-house marketing operations. The Company is also experiencing a negative impact from this action in replacing customers lost through normal attrition in the telecommunications industry. As a result of the December 2005 approval and funding of the Company's Plan of Reorganization, management undertook steps to rebuild it's marketing efforts and realized additions to the customer base as a result of these actions. However, the stability of the customer base and the addition of new customers is not deemed to be either predictable or reliable as the Company continues to evaluate it's service areas, tariffs and creditworthiness of it's customers.
Management is of the opinion that the cost levels experienced during the 4th quarter of Fiscal 2006 should be reflective of future periods. However, due to the uncertainty of the bankruptcy action, the need for adding personnel and other unpredictable factors, the actual cost levels in future periods may experience significant fluctuations. As a result of the bankruptcy action, management is evaluating all possible areas of personnel and expenditure savings, and in some areas has enacted the utilization of third-party service providers for customer service, billing, cash management and carrier billing review. The ultimate impact, if any, of these items being considered is unknown at this time; however, management is of the opinion that only actions with a positive impact on the Company's operations and profitability will be undertaken.
The Company experienced a net loss of approximately $(3,062,714) for the period from June 1, 2006 through May 31, 2007. A significant component of the net loss for this period was the charge to operations for the recognition of bad debts of approximately $1,216,450 and the recognition of interest expense on the convertible notes and debentures of approximately $621,962. Concurrent with the Company's filing of a Petition for Relief under Chapter 11, the Company adopted the policy of recording a net accounts receivable balance equal to the actual cash collected during the 30-day period subsequent to any reporting period. Any differential between the Company's actual accounts receivable and the actual subsequent cash collections is recorded as bad debt expense in the respective reporting period.
Also continuing to contribute to our operating loss during the period are the expenses associated with continuing to operate and maintain Epicus Group's offices, professional fees, including legal and accounting plus other expenses associated with being a reporting public company.
Liquidity and Capital Resources
As of May 31, 2007, we had approximately $118,031 in cash in our operating accounts. To assist us in our cash flow requirements we may determine, depending upon the prevailing stock price of our shares, to seek subscriptions from the sale of securities to private investors, although there can be no assurance that we will be successful in securing any investment from private investors at terms and conditions satisfactory to us, if at all.
As of this filing, the Company does not anticipate future capital resource demands for new equipment or furnishings.
Competition
We have many competitors ranging from the very large like AT&T,(formerly BellSouth Corporation), McLeod Communications, Verizon, ICG Communications as well as smaller competitors that may be better capitalized, have better name recognition or longer track records of providing telecommunications services. The Company believes that the competitive factors affecting its markets include features such as functionality, adaptability, ease of use, quality, performance, price, customer service and support, effectiveness of sales and marketing efforts and Company reputation. Although the Company believes that it currently competes favorably with respect to such factors, there can be no assurance that the Company can maintain its competitive position against current and potential competitors, especially those with greater financial marketing support and other resources than the Company.
We believe that our "Alternative Sales" approach of using utility companies gives us a distinct marketing identity, as does our almost total automation in provisioning of new services and all of our billing, which is very rare for a CLEC. These factors we believe, give us the competitive edge we need to continue our growth. However, there can be no assurance that we can maintain our competitive position against current and potential competitors, especially those with greater financial resources than we have.
Risks related to our business
Our auditors have expressed doubt about our ability to continue as a
going concern.
Our independent auditors have issued their report dated September 11, 2007 on our consolidated financial statements as of May 31, 2007, which includes an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. We have minimal working capital and we continue to experience cash flow difficulties in matching our contractual payment obligations, principally to BellSouth Corp. and Global Crossing, to our revenue billing cycles.
These conditions raise substantial doubt about our ability continue as a going concern. We have a history of operating losses and may continue to incur operating losses. We will most likely require additional financing and, if we are unable to raise such funds, our operations may be adversely affected.
Based upon our present liquid resources, our present operating expenses, and the commitment of our executive officers to continue to defer most or all of their salaries, and if no increased revenues are generated from operations or other sources, we believe we will be able to operate for a minimum of an additional twelve months.
We continue to be dependant upon private sales of stock in the form of convertible debentures to supplement our cash flow for operations and the acquisition of new customers.
If additional funds are required, but cannot be raised, it will have an adverse effect upon our operations. To the extent that additional funds are obtained by the sale of equity securities, our stockholders may sustain significant dilution.
Insider Buying continues...
Mr. Browning, John T from Texas is still here...
08/28/2007
930,000
$ 0.0006
08/29/2007
400,109
$ 0.0006
total:
22,030,296 shares!
Epicus Communications Group, Inc. (OTCBB: EPCG) could reach very soon 52wk high: $0,07
+10.000% are possible !
the next weeks will be very interesting...
who is invested ?
VAN KAMPEN FUNDS INC.
www.vankampen.com
LIST OF OFFICERS:
Browning, John T.
(Vice President)
http://www.secinfo.com/dsVst.39.b.htm
Insider Buying!
Statement of changes in beneficial ownership of securities
08/27/07
Browning John T
Aquired 3,200,187
at $ 0.0006
total: 20,700,187
http://investorshub.advfn.com/boards/board.asp?board_id=6138
earnings coming also...
08/29/07
NT 10-K
Notification that form 10-K will be submitted late
The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, 10-QSB or portion thereof will be filed on or before the fifth calendar day following the prescribed due date.
do always your own DD.
ao.
08/29/07
NT 10-K
Notification that form 10-K will be submitted late
The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, 10-QSB or portion thereof will be filed on or before the fifth calendar day following the prescribed due date.
oa.
Statement of changes in beneficial ownership of securities
08/27/07
Browning John T
Aquired 3,200,187
at $ 0.0006
total: 20,700,187
yeah, thats wright.
maybe a view trading days between MA(50)0.0008 and MA(100)0.0012 to let some people accumulate some more.
then EPCG could easily bounce till MA(200)0.0045 to cool down a view weeks and shake the tree for the last time before it goes high to the sky.
ao.
its...oh so quiet!
no trading here the first hour.
after this action yesterday.
very good.
silence before the storm...
please fasten your seatbelts.
i love these moments!
ao.
hey bagfull,
what kind of usefull info you got from John?
some interesting details?
about what?
so if you could PM me also, that would be phantastic!
thanks.
-alphaomega-
Aug 13, 2007 (M2 PRESSWIRE via COMTEX) -- BUYINS.NET,
www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short threshold list: Epicus Communications Group Inc. New (OTCBB: EPCG), Swiss Medica Inc. (OTCBB: SWME), Zhongpin Inc. (OTCBB: ZHNP), Triton Petroleum Group, Inc. (OTC: AMPE), MGN Technologies, Inc. (OTCBB: MGNLF), Bally Total Fitness Holding Corp. (OTC: BFTH).
Epicus Communications Group Inc. New (OTCBB: EPCG) operates as a competitive local exchange carrier in the United States. It offers an integrated set of telecommunications products and services, including local exchange, local access, domestic and international long distance telephone, data, and dial up access to the Internet to small businesses and residential consumers. As of July 31, 2006, it had approximately 19,000 accounts, incorporating approximately 20,971 lines. The company was incorporated in 1985 under the name Hydrobac, Inc. and changed its name to Epicus Communications Group, Inc. in 2003. Epicus Communications is based in West Palm Beach, Florida. With 35.86 million shares outstanding and 187,200 shares declared short as of July 2007, there is a failure to deliver in shares of EPCG.
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EPCG:
John T. Browning 08/15/2007
+ 2,200,000
at $ 0.0006
total: 10,000,000 shares
...its getting more and more interesting here!
...and action!
VAN KAMPEN FUNDS INC.
www.vankampen.com
LIST OF OFFICERS:
Browning, John T.
(Vice President)
http://www.secinfo.com/dsVst.39.b.htm
...hhm !!
...CEO Mark Schaftlein owns 47% of the company !?
...Gerard Haryman, its former president, owns 23% !?
is this true ?
http://biz.yahoo.com/ic/108/108504.html
INSIDER TRANSACTIONS REPORTED
Date
1-Aug-07
BROWNING JOHN T
Beneficial Owner (10% or more)
TypeInsider Shares
7,800,000
okay, lets see what we have here.
EPCG chart is a full didaster.
since january we lost over 90% of market capitalisation.
congratulations to all short sellers, insiders or BOD!
and dont forget these Convertible Debentures. ($10mil)
But we had also 4 x consecutive quarters of operating and net loss reductions and Company Improves Gross Margin.
Todays trading action: interesting.
Last Trade: 0.0005 (Very bad: All Time Low!)
But this one was a Buy: 0.0005 4459790 15:13:06
Change: Down 0.0001 (16.67%)
Volume: 9,509,790
in june and july we had a lot of volume accumulation!
much more than the months before.
As of April 17, 2007, Epicus Communications had 35,861,000 common shares outstanding.(officialy)
we all expect something like 70,000,000 (incl. dilution)
i would say, something is cooking behind there...
maybe we have to wait till end of august (10k)
stay cool.
ao.
hello boys and girls,
i got also an airmail with this so called special report from growthstockguru.com in san francisco, ca.
since then the pps is falling to the ground like a knife.
pump and dump ?
still expensive ?
insider selling ?
i dont know...
but take a look at this.
just compare these two companies:
GZGT: Market Cap: 36.37 m
EPCG: Market Cap: 68.14 k !!!
GZGT: Shares: 53.09 m
EPCG: Shares: 35.86 m !!!
GZGT: 2006 revenues : $12.8 million
EPCG: 2006 revenues : They generate over $6.5 million in revenues over the last 9 months !!!
GZGT: Gross Profit: $1.4 million
EPCG: Gross Profit: $1.8 million over the last 9 months !!!
Notice:
Yesterday Epicus Communications Group, Inc. (EPCG.OB) Trading Activity with Record Volume:
22 million !!!
+ 111.11% !!!
so, its your choice...
take care and do allways your own research...
alpha omikron.
22.06.2007
00h:13min
Dear Mr. xxx:
Thank you for your correspondence. Hopefully, we can sufficiently address your questions or point you to the correct information.
Note, please contact a registered financial advisor prior to investing in any stock as you could lose all or part of your investment.
The Company's plan to create long-term value for its shareholders is to continuing to transition its business focus from traditional local exchange services to Voice over Internet Protocol (VoIP). Management believes the VoIP market represents greater growth potential and offers higher product margins than current local exchange services.
Epicus Communications recently announced a new suite of attractively priced VoIP products for small businesses and residential customers. New financing has positioned the Company to build market awareness for its products. Please see corporate press releases here.
Financially, Epicus Communications seeks to continue to reduce operating costs. No guarantee of future performance - cost control initiatives have resulted in four consecutive quarters of operating and net loss reductions.
While revenues have been declining due to the above referenced business migration to VoIP, gross margins have been improving. No guarantee of future performance - gross margins during the third quarter of 2007 increased 48% over the second quarter of 2007.
Additionally, management has discontinued service to unprofitable customers and service areas. Also, management more stringently evaluates the creditworthiness of prospective customers and terminates relationships with customers that are less than responsible in fulfilling their payment obligations.
Information, with respect to financials and investments risks, is available at the Securities & Exchange Commission's website at www.sec.gov . Additional information is available on the corporate website at www.ecg-us.com .
Ownership information is provided in proxy statements and in the Annual Report filed on Form 10-KSB. Officers and directors must file Section 16 filings on Forms 3 and 4 to disclose purchases and sales of Epicus Communications' common stock. This information is available here. Third party resources also exist and maintain responsibility for their content. One such source is Yahoo! Finance.
Insider trading is illegal and enforced by the Securities & Exchange Commission. If you suspect improper trading of Epicus Communications Group's common stock, you should contact the authorities.
The current board of directors includes one member Mark Schaftlein. Management hopes to add additional members in the future.
Employee option information is available in the footnotes (e.g. #8, 10-QSB) to periodic reports. No stock options, stock appreciation rights or other compensation were granted to our President or other corporate officers or directors during Fiscal 2007, 2006 and Fiscal 2005.
Stock purchase warrants have been issued to institutional lenders. Information is provided in Current Reports on Form 8-K.
One billion shares of common stock were authorized for issuance by majority shareholder consent in October 2006. As of April 17, 2007, 35,861,280 common shares are issued and outstanding.
We have added you to our news update list, should you not wish to receive news from the Company in the future, please indicate "opt-out" in any e-mail you receive.
Epicus Communications Group, Inc. is committed to providing investors with the highest level of shareholder service. If you have questions, please contact me, Monday-Friday, between 9:00 AM-5:30 PM EST, at 941-650-4501.
Sincerely,
Epicus Communications Group, Inc.
Investor Relations
Gil Sharell
RSI 50 is the wall.
Epicus Communications Launches Sales and Marketing Initiative
Wednesday June 20, 9:22 am ET
LAKE MARY, Fla.--(BUSINESS WIRE)--Epicus Communications Group, Inc. (OTCBB:EPCG - News) announced today it plans to expand its customer base through outreach initiatives and marketing of its Voice over Internet Protocol (VoIP) services, recently offered by wholly owned provider ECG On The Net, LLC (ECGOTN).
FreedomOTN® is an Internet phone service, offered by ECGOTN, that takes advantage of VoIP technology to provide all the familiarity and calling features of a local telephone service plus the innovation of next generation services. The solution includes a complete suite of customizable VoIP and messaging features.
Mark Schaftlein, Epicus Communications' CEO said, "As we enter our first quarter of 2008, I am pleased to say that our focus will be on marketing and sales of our newest products. The resulting increase in our revenue will decrease our dependence on borrowing and thus increase opportunities for new investment."
Epicus Communications provides various strategic partner programs to attract new subscribers. Along with the more "traditional" marketing techniques, the company is introducing an ECGOTN "Family and Friends" program that will provide sales activity for new accounts outside of its existing base. This program is financially motivating with attractive payments for active participants.
In regards to product offerings, the company is migrating its voice-mail accounts to its own platform, which is expected to result in cost savings to Epicus Communications in excess of $100,000 by calendar year-end. Epicus Communications is also working to secure an agent agreement to enable it to provide dial-up Internet service and other related products. Additionally, management is exploring partnership opportunities for alternate carrier capabilities for long distance services.
Schaftlein continued, "Our service offerings now extend beyond traditional hard line quality and reliability. As such, we must show current and new customers how our solutions will work for them and create a return on investment for everyone."
Epicus Communications recently announced it entered into a securities purchase agreement with its current primary lender for the sale of $260,000 in 2-year, 6% convertible secured notes and stock purchase warrants. The funding proceeds are expected to be used for operations and to further increase public awareness for its VoIP services.
Form 8-K for EPICUS COMMUNICATIONS GROUP INC
19-Jun-2007
Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
To continue increasing the operating cash available to grow the company's customer base; on June 15, 2007 the Board of Directors unanimously agreed amend the Convertible Debenture Agreement dated December 7, 2005 between Epicus and a group of funds managed by The N.I.R Group as follows: the Company agrees to sell an additional $260,000 in convertible debentures to its current primary lender, a group of funds managed by "The NIR Group", at a variable price of $.25 per share or a discount to the market of 65% whichever is the lesser." The original entire above mentioned convertible debenture agreement was included in the company's form 8K filed on December 14, 2005, and is included herein by reference.
In addition to operating expenses, these funds will be used to increase the public's awareness of Epicus' new wholly owned company "ECG on the Net, LLC". ECG on the Net will be the Epicus VOIP services company, concentrating on delivering low cost VOIP telephone service to consumers nationwide.
Dear Mr. Gil Sharell,
a view Questions before investing more in EPCG:
With such a significant drop in share price this year and the loss of $xxxxx in market
capitalization, what is the company’s strategic plan to regain those losses?
What specific steps is the company planning to take?
What actions is the company taking to improve investor confidence and the stock’s
performance?
What percentage of stock is held by institutional investors?
By management and board members? By employees?
Does the company monitor trading by board members, officers, and others in management?
What percent of the company's shares is held in nominee or "street" name, or by foreign investors?
Who are the largest shareholders (including beneficial interests)?
Have executives or directors bought the company's stock in the open market?
If not, why?
Explain the reason for the significant sales of company stock.
In light of subsequent declines in the company’s stock price, were these sales based on insider information not
available to all shareholders?
Are any venture capital firms represented on the board?
Are their interests different from those of other shareholders?
How much dilution of common stock could occur as a result of the exercise of options issued
under the company's stock option plan (e.g., if all outstanding awards would be exercised)?
Is the company proposing a new compensation plan that could lead to significant dilution?
How much is the company’s options “overhang,” that is, existing and available options as a
percentage of shares outstanding?
How does the company limit potential dilution caused by options?
If the company does this by repurchasing its shares, what percentage of the company’s cash flow is used for this purpose?
lets see what happens...
waiting for a response.
things are changing.
alpha omikron
Yeah, thats wright.
Very good buying opportunity at these level.
Market Cap is only $28.690 !?
With 35.86 million shares ?
Is that O/S correct ?
This trading activities are so ridiculous.
0.0008 2.743.635 last trade at 13:19:12 was a buy!
But Bid/Ask is at 0.001/0.0011 ?
Are they still trying to shake the tree ?
Forget it, boys.
I am loading up heavy here again.
Notice: we are getting more and more volume here...
...the last view days/weeks.
means a lot more interest ?
time will tell.
dont panic, guys!
stay tough!
alpha omikron
Interesting activities...
...in the last trading hour!
100 down.
7000 up.
lets see if it breaks the 50 RSI this time.
that could start the engine!
alpha omikron.
...she (EPCG) wants to move !
hello boys and girls,
so, is everyone in or out now ?
0.001 2.743.635 14:02:45 !
looks like the final countdown starts...
stay tough, guys...
alpha omikron.