Ticker “EPSC” on the Over-the-Counter
PHOENIX, AZ / CRWEPRESSRELEASE / September 17, 2015 / Epic Stores, Corp. (“Epic” or the “Company”)(OTCMKTS: EPSC), a second-hand goods retailer that operates retail stores in the United States, today announced a change to its ticker symbol. Effective upon the opening of trading on Tuesday, September 15, 2015, Epic’s ticker symbol, as quoted on the Over the Counter Pink Marketplace, was changed to “EPSC” from “BETV” (OTCMKTS: BETV) as authorized by the Financial Industry Regulatory Authority (FINRA).
This news follows the Company’s completed reverse takeover transaction among Be at TV, Inc., Epic Stores, Corp. and the stockholders of Epic, which went into effect on June 24, 2015.
“We are pleased to begin operating under a new trading symbol which more accurately reflects the nature of our business and who we are as a company,” commented Brian Davidson, President and Chief Executive Officer of Epic Stores, Corp. “The change to our ticker symbol more directly aligns with the brand identity we are developing in the marketplace as a premier second-hand goods retailer offering high quality, on-trend second hand clothing, accessories and household products at affordable prices.”
“We are now focused on executing our growth plans which includes expanding from the current 12 retail stores to 15 by the end of 2015 with additional growth in 2016 and beyond,” Davidson added. “As a publicly traded entity, we have the potential to benefit over the long-term from increased access to capital and brand awareness.”
The company’s long-term growth strategy includes retail store expansion in Texas, Colorado and Nevada markets with focus on Houston, San Antonio and Dallas markets specifically. The company expects to open eight to eighteen new stores in the above markets typical to the standard stores in operation.
About Epic Stores Corp.
Epic is a second hand goods retailer that operates second hand retail stores in the United States. Based in Phoenix, Arizona, the company offers high quality, on-trend second hand clothing, accessories and household products at affordable prices. As of June 1, 2015, the company employed 232 employees and operated 12 retail stores in four states. Founded in 2010, Epic opened its first retail store in Phoenix, Arizona. Since that time, the company has opened additional stores in Arizona, Nevada, Colorado, and Texas. All of the retail stores sell products directly to consumers. The company also operates a leading wholesale business that supplies used shoes, books and clothing to distributors.
The information in this press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as “anticipates,” “estimates,” “expects,” “projects,” “intends,” “plans,” “believes” and words and terms of similar substance in connection with discussions of future operating or financial performance. Examples of forward-looking statements include, but are not limited to, statements regarding: (i) the adequacy of the Company’s liquidity to meet its needs for the foreseeable future, (ii) the benefits expected to be recognized in connection with retail and whole sales, (iii) the Company’s expectation that the current market conditions will continue. The Company’s forward-looking statements are based on management’s current expectations and assumptions regarding the Company’s business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company’s actual results may vary materially from those expressed or implied in its forward-looking statements. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.
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Epic Stores Corp.
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SOURCE: Epic Stores Corp.