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EPIC Media Issued Clean Audit Report from Independent Auditor & Files 10-SB with SEC for OTCBB Listing
EPIC Media Inc. (OTC:EPMI) today announced that it has been issued a clean audit review from the Company's independent auditor Moore & Associates, Chtd. (PCAOB Registered) on July 15, 2005. The Company has subsequently prepared a 10-SB Registration Statement for submission to the SEC. The filing will be uploaded to the SEC Edgar System on July 22, 2005, at 1:00 PM PST.
The audit report stated, "In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Epic Media Inc., as of December 31, 2004, and the results of its operations and its cash flows for the periods then ended in conformity with accounting principles generally accepted in the United States of America."
Nicholas A. Czuczko, CEO of EPIC Media, said, "This is just a natural step forward in our efforts to become a fully reporting SEC company and eventually move to the Nasdaq market system upon qualification. We want our company to be as transparent as possible to shareholders and future investors because we have so many positive and empowering projects at work right now. It's to our advantage to become a fully reporting company which will help with that transparency."
EPIC Media (OTC:EPMI) Announces Launch of Zooprize.com to Compete with Google and Yahoo!
EPIC Media Inc. (OTC:EPMI) today announced that the launch of Zooprize.com is scheduled for Oct. 17, 2005.
ZOOPRIZE!(R) - Zooprize.com is an internet portal designed to compile information from Google(TM), Yahoo!(R), Ask Jeeves(R) and other data points throughout the internet and organize it into the most relevant search results. Unlike most metasearch engines, Zooprize is more than just search. It is a unique way of gathering and packaging information into a member/portal interface that inspires users to stay connected to the portal. This new member/portal interface provides the Company with an unprecedented opportunity to provide advertisers with the ability to target consumers that is far superior to that of Google's Adwords or Yahoo!'s Overture.
Zooprize.com is a wholly owned subsidiary of EPIC Media Inc. The Company will also use the portal as a member registration point for the Everything magazine titles launching early 2006 (please see recent press releases).
Corporate Update -- On June 13, 2005, the company filed an 8-K with the Securities & Exchange Commission notifying them that it has retained Moore & Associates as the company's new auditor. Upon completion of Moore's audit (est. July 15, 2005), the company intends to file a 10-SB with the SEC and become a fully reporting company.
EPIC Media Incorporated Announces Public Trading of Common Stock - Ticker Symbol ''EPMI'' and Shareholder Dividend Update
EPIC Media Inc. (Pink Sheets:EPMI) announces the public trading of its common stock under ticker symbol "EPMI" that began on June 23, 2005.
EPIC Media is a multimedia company founded to gather, understand, translate, and package information into original marketable print and digital products. In early 2006, the Company is launching two new magazine titles, Everything for Men and Everything for Women. Each will have a rate base of 500,000 and a final trim size of 10 x 13. The monthly publications will have editorial units that include: transportation, home, health, travel, online, money, fashion, sports, entertainment, and more.
EPIC Media's business model is different from any other multimedia company or magazine publisher. From Corporate discounts with the "Everything Card" to substantial monthly giveaways, the Everything magazines are the first "mega-magazines" for men and women with a clear message: an overwhelming amount of empowering content with meaningful value added services.
The Company has secured national newsstand distribution for both magazines. Each title has a $36 annual membership (subscription) fee for home delivery and all the benefits of membership and a $5 cover price off the newsstand. According to Nicholas A. Czuczko, CEO and Publisher, "where else can you win a million dollars, one of five cars, save $100 on a plane ticket, receive a $1,200 higher refund on your taxes because you read our monthly article on tax strategies in the "Money" section of the magazine and be entertained all in one month? There just isn't anything close to what we're doing out there."
Shareholder Dividend Update:
Shareholders who own the shares in their name at the close of business on June 29, 2005, will receive the stock dividend. The payment date for the common stock dividend is set for June 29, 2005. The stock dividend should be credited to the shareholder's account within a few days of June 29, 2005, depending on their broker's procedures. On the opening of business on June 30, 2005, the common stock will trade ex dividend. Persons who purchase shares on or after June 30 will not be entitled to receive the dividend and the stock price will be adjusted for the stock dividend.
The purpose of the stock dividend is to provide to shareholders improved liquidity in EPIC Media's common stock. Under Internal Revenue Code Section 305(a), the receipt of the stock dividend will not result in the imposition of US federal income taxes. Shareholders will only need to adjust their tax basis in their shares on a pro-rata basis.
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Declaration Date: June 15, 2005
Record Date: June 29, 2005
Ex- Dividend Date: June 30, 2005
Payment Date: June 29, 2005
For press and partnership inquiries, please contact:
Nicholas A. Czuczko
CEO & Publisher
EPIC Media Inc.
9756 Charleville Blvd.
Beverly Hills, CA 90212
Tel = 310-922-7773
E-mail = info@epicmediainc.com
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.
EPIC Media Inc.
Nicholas A. Czuczko, 310-922-7773
info@epicmediainc.com
