Message #5 From:
Stock News Bot Date: September 8, 2005 02:00:00 AM
EPMI News EPIC Media Receives Letter of Intent from Major Investment Fund for $6 Million Investment
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Sept. 8, 2005--EPIC Media Inc. (OTC:EPMI) announces that it has received a Letter of Intent from a major investment fund for a $6 Million investment on September 1, 2005.
Nicholas A. Czuczko, CEO of EPIC Media, said, "I'm pleased to be able to announce such an investment. The $6 Million will greatly enhance our balance sheet and our ability to move forward with our businesses. It should also give the investing community the security of knowing that a major investment fund is willing to make such a large invest in our products and services." The Company expects the transaction to close before the end of September 2005 and further details will be disclosed through the Company's filings to the SEC.
As of Friday August 26, 2005, the Company has submitted a 10SB 12G/A to the SEC for review. On September 20, 2005, the Company, by operation of law, will be a fully compliant SEC company and will seek an immediate OTCBB listing.
EPIC Media is a multimedia company founded to gather, understand, translate, and package information into original marketable print and digital products. The Company is launching the web portal Zooprize.com in Oct. of 2005 and the Everything magazines in Feb. of 2006 (please see the Company's other press releases for details).
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
