BOTTOM BU$$TERS

[skipdeez]

grabbed some EPCG down here, absurd PPS at .0009 considering the o/s is 35mil and they are putting up decent numbers...

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Epicus Communications Reports Third Quarter 2007 Results
Company Improves Gross Margin and Reduces Losses

Epicus Communications Group, Inc. (OTCBB:EPCG) reported results for its third quarter ended February 28, 2007.

Revenues for the third quarter of 2007 were $1,786,000, compared to $2,207,000 in the second quarter of 2007 and $2,917,000 for the third quarter of 2006. Management attributed revenue declines to Epicus Communications’ current transition away from traditional local exchange offerings to Voice over Internet Protocol (VoIP).

Net loss for the third quarter of 2007 was $503,000 as compared to a net loss of $754,000 in the second quarter of 2007 and a net loss of $1,198,000 in the third quarter of 2006. Company cost control initiatives have resulted in 4 consecutive quarters of operating and net loss reductions.

Gross margin was 37% of net revenues in the third quarter of 2007, compared to 25% in the second quarter of 2007 and 13% in the third quarter of 2006. Gross margin during the third quarter of 2007 increased 48% over the second quarter of 2007. For the first 9-months of 2007, gross margin was 28% of net revenues.

In the third quarter of 2007, Epicus Communications announced the launch of FreedomOTN, VoIP services for small business and residential customers. Appointments during the quarter included Kenneth Koller, Chief Operating Officer (COO). Richard Reiss, who was retained by the company in 2006, continued to serve throughout the quarter as senior business development consultant.

Commenting on the second quarter, Mark Schaftlein, Epicus’ CEO said, “We reached important objectives during the third quarter. We released VoIP services that are expected to contribute 20% of gross revenue by calendar year-end, and executed on key cost management initiatives.”

As of April 17, 2007, Epicus Communications had 35,861,000 common shares outstanding.

About Epicus Communications Group, Inc.

Epicus Communications Group, Inc. operates as a telecommunications company that provides local and long distance services in 7 southeastern states. Epicus Communications, one of the first licensed CLECs in Florida, is a leader in offering bundled “one bill” local services. The company offers a full suite of telecommunication services for residential and small business customers through its Freedom Rings services brands. For additional business information, please visit http://www.ecg-us.com.

This press release contains forward-looking statements that involve risks and uncertainties. Actual events may differ from forward-looking statements for a number of reasons as well as other factors discussed from time to time in our SEC filings (available on EDGAR or for free at www.sec.gov). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. All forward-looking statements included in this document are made as of the date hereof, based on information available to Epicus Communications Group, Inc. on the date thereof.

Epicus Communications Group, Inc., Lake Mary
Tom Donaldson, 561-688-0440
[e-mail]
or
Investor Relations
Gil Sharell, 888-746-5440 (toll free)
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