posted
Epicus Communications Reports Second Quarter 2007 Results Wednesday January 17, 3:17 pm ET
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Epicus Communications Group, Inc. (OTCBB:EPCG - News) today reported results for its second quarter ended November 30, 2006. ADVERTISEMENT
Revenues for the second quarter of 2007 were $2,207,000, compared to $2,571,000 in the first quarter of 2007 and $3,367,000 for the second quarter of 2006. Net loss for the second quarter of 2007 was $754,000 as compared to a net loss of $953,000 in the first quarter of 2007 and a net loss of $1,479,000 in the second quarter of 2006.
Gross margin was 25% of net revenues in the second quarter of 2007, compared to 25% in the first quarter of 2007 and 19% in the second quarter of 2006.
As of January 11, 2007, Epicus Communications had 21,885,000 common shares outstanding.
In the second quarter of 2007, Epicus Communications entered into an agreement to acquire the long distance customer base of Lexitel Communications, LLC. Under the terms of the agreement, Epicus Communications added additional Florida business and residential subscribers to its existing customer base. Also, Lexitel agreed to offer telecom services provided by Epicus Communications directly to its customers through Epicus Communications' agent program.
Additionally, Epicus Communications issued $675,000 in convertible debentures to its primary institutional lender to improve its financial position and provide the company with working capital to further implement and refine its business plan. Epicus Communications' board of directors received majority consent to increase its number of authorized shares of common stock to facilitate future capital raising opportunities.
In recent months, Epicus announced the appointments of Richard Reiss as senior business development consultant and Kenneth Koller as Chief Operating Officer (COO). Reiss supports Epicus Communications' management team and board of directors in areas of sales and marketing. Koller's initial focus as COO includes a product launch in January 2007 of two VoIP Internet phone service plans to business and residential customers and the completion of prior reorganization measures directed at narrowing operating costs and expenses.
Commenting on the second quarter, Mark Schaftlein, Epicus' CEO said, "Our second quarter presented a number of operating challenges, yet we closed on a favorable note. Quarterly milestones included our Lexitel Communications agreement, which broadened our customer base, and progress in offering a VoIP Internet phone service, soon-to-be released."
Schaftlein continued, "We welcomed additional talent to our team during the quarter. While we made headway on key cost management initiatives and increased our customer retention rate through a new program, we saw a modest revenue decline over our first quarter. Growing our business remains a priority in the current quarter and we aim to deliver improved top line results in the second half."
ECG has filed its quarterly report for the period ending November 30, 2006 with the Securities and Exchange Commission pursuant to Form 10-QSB, which is available for free on the SEC's website at http://www.sec.gov.
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.epicus.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.
posted
State the number of shares outstanding of each of the issuer's classes of common equity as of the latest practicable date: October 11, 2006:
14,067,600
3 months, 50% increase in shares.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
IP: Logged |
posted
Squire38 , thats not 50% . Thats only 7 million increase of shares. Thats nothing. Look at all the companies on there on pink and otc , look how much dilution going on ?
And someone else saying that the financials suck ? How many companies that go up 1000% actually have any revenue , some of them have 0.
Look at SLWF for example or PDSC , or BKMP or any of those etc/
IP: Logged |
quote:Originally posted by StockRope: Squire38 , thats not 50% . Thats only 7 million increase of shares. Thats nothing. Look at all the companies on there on pink and otc , look how much dilution going on ?
I agree 7 million is not much in pinkyland.
But half of 14 million is 7 million, therefore it is a 50% increase in shares when you go from 14 million to 21 million.
I guess if we wanted to get exact it is a 55.57% increase in shares.
Now, I'm not saying it won't run, but I am looking at the PPS in October and the PPS now, factoring in the increase of shares. If it gets a surge of volume (like Nov 27th got), then it is an excellent play. Otherwise it has a low amount of volume and will be hard to get out of.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
IP: Logged |
posted
I believe all penny companies dilute. But if you catch them on a low float , you can always make money. EPCG has had some big runs from this range to 0.02 , easily.
IP: Logged |
posted
Yep, they all dilute. But they also get a chance to breathe before they dilute. They run it up, then dilute it down. Happens all the time. If they are going to dilute again, it won't be at these prices.
Nice thing here is the low O/S. Only 21mil and this pup is at .0075. I am guessing the float is much lower. You can buy the whole company for $157,000 right now, lol.
And I agree, the numbers in the Q aren't the best. But at least these guys are generating revenues. $2.2 million in revs this quarter, and losses were down. That is pretty darn good for a stock down here. Most of these POS's don't generate revenues at all. And a lot of those have bloated O/S's and prices.
I figure this one is worth the gamble here, such a low float and low price, it has to go sooner or later...
posted
of course i prefer companies with income but i think is not bad at all to have only 21m OS for a sub-penny co. with improving P&L #
IP: Logged |
posted
I have played this many times...although the news wasnt anything great....I believe with the low float once buying comes into play it should run nicely.
-------------------- Disclaimer: Not accountable for anything I say
IP: Logged |
posted
Well, I could not stay away at open when I saw the volume.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
IP: Logged |
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.
IP: Logged |
posted
Posted by: pop-a-top In reply to: None Date:1/18/2007 10:49:36 AM Post #of 165
EPCG up 73% still going, looking to see over .02 today. Way undervalued, should be around .20 a share. Gross yearly revs 8million, EBITDA take 40% leaving better than 4million with 20m O/S.....
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Frown]](frown.gif)
