(EPCG) EPICUS COMMUNICATIONS - 500 Beiträge pro Seite

[conmuchomani]

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.

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.

[conmuchomani]

Form 10QSB for EPICUS COMMUNICATIONS GROUP INC

16-Jan-2007

Quarterly Report

(2) Results of Operations, Liquidity and Capital Resources

Bankruptcy Filing

On October 25, 2004 (Petition Date), Epicus Communications Group, Inc. (Epicus Communications or Company, for purposes of identification in discussing the bankruptcy situation) and its wholly-owned subsidiary, Epicus, Inc. (Epicus for purposes of identification in discussing the bankruptcy situation), (collectively, Debtors) filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Florida (Bankruptcy Court) seeking reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Code (Bankruptcy Code). These actions were assigned case numbers 04- 34915, 04-34916, respectively (collectively, Cases).

The Company submitted a Plan of Reorganization (Plan) for consideration by the Bankruptcy Court and the affected creditors. On September 30, 2005, the Company received approval of the Plan of Reorganization and it was funded and became effective on December 8, 2005. Upon confirmation by the Bankruptcy Court and became binding upon all Claimants and Interest holders.

The Company's emergence from Chapter 11 of the United States Bankruptcy Code created the combination of a change in majority ownership and voting control - that is, loss of control by the then-existing stockholders, a court-approved reorganization, and a reliable measure of the entity's fair value - resulting in a fresh start, creating, in substance, a new reporting entity. The issuance of "new" shares of the reorganized entity caused an issuance of shares of common stock and a related change of control of the Company with more than 50.0% of the "new" shares being held by persons and/or entities which were not pre-bankruptcy stockholders. Accordingly, per American Institute of Certified Public Accountants' Statement of Position 90-7, "Financial Reporting by Entities in Reorganization Under the Bankruptcy Code", the Company adopted "fresh-start" accounting as of the bankruptcy discharge date whereby all continuing assets and liabilities of the Company were restated to the fair market value.

Overview

With the effectiveness of the Plan of Reorganization, the Company transferred all operations into Epicus Communications Group, Inc. The Company has no operations in any subsidiary entity as of December 8, 2005 and dissolved said subsidiaries, effective May 31, 2006.

As a result of the Company's initial filing of the Bankruptcy Action, the Company virtually eliminated all marketing activities. Management believes that it has identified the service areas which afford the best potential profitability and customer quality. With the December 8, 2005 settlement of the Bankruptcy Action, the Company reinstated various marketing efforts, including telemarketing activities, directed towards prospective customers with the highest likelihood of long-term retention and profitability.

Management, utilizing the tools available under the respective tariffs within the Company's geographic operating boundaries, began to more stringently evaluate the creditworthiness of prospective customers and terminate relationships with customers that were less than responsible in fulfilling their payment obligations. Further, within the limitations imposed by the Company's operating tariffs, management is evaluating the availability of rate increases as soon as practicable.

As practicable, the Company, during future periods, as circumstances and situations warrant, will continue to pursue its efforts to add additional subsidiaries or become involved in attractive joint ventures, primarily in the telecommunications industry. The Company intends to continue its strategic acquisition activities to promote the products and the growth of Epicus as its primary subsidiary.

Results of Operations

Epicus Communications Group, Inc. (Company or Epicus Group) operates in the telecommunications industry; however, we may become involved in any venture which management believes would be in the best interest of the Company and its shareholders.

For each of the six and three month periods ended November 30, 2006, the Company reported net revenues of approximately $4,778,000 and $2,207,000, respectively, with a gross profit of approximately $1,197,000 and $555,000 (approximately 25.05% and 25.14%), respectively. These revenues were solely derived from telecommunication service sales. Various statutory changes and U. S. Congressional legislation allowing the primary telecommunication carriers, which provide the Company's backbone service, to raise rates and diminish pricing margins on CLEC carriers, such as the Company has had a negative impact on the Company's operations and related cash flows.. Future tariff and pricing, as well as potential increases in rates from our primary telecommunication carriers will have an impact on our future revenues and gross profit levels, which at this time are unpredictable.

The Company incurred selling and marketing expenses of approximately $16,900 and general and administrative expenses of approximately $1,382,000 for the six month period ended November 30, 2006.

As a result of the 2004 bankruptcy filing, the Company disbanded it's in-house marketing operations and used external contractors/marketing enterprises through May 31, 2006. Due to a lack of discretionary capital during the quarter ended August 31, 2006, the Company discontinued the utilization of outside telemarketing contractors. The Company is also experiencing a negative impact from this action in replacing customers lost through normal attrition in the telecommunications industry. However, the stability of the customer base and the addition and retention of new customers is not deemed to be either predictable or reliable as the Company continues to evaluate it's service areas, tariffs and creditworthiness of it's customers.

Management is of the opinion that the cost levels experienced during the 4th quarter of Fiscal 2006 and the 1st quarter of Fiscal 2007 should be reflective of future periods. However, due to the uncertainty of the bankruptcy action, the need for adding personnel and other unpredictable factors, the actual cost levels in future periods may experience significant fluctuations. As a result of the bankruptcy action, management is evaluating all possible areas of personnel and expenditure savings, including the utilization of third-party service providers for customer service, billing, cash management and carrier billing review. The ultimate impact, if any, of these items being considered is unknown at this time; however, management is of the opinion that only actions with a positive impact on the Company's operations and profitability will be undertaken.

The Company experienced a net loss of approximately $(1,707,500) for the six month period ended November 30, 2006. A significant component of the net loss for this period was the charge to operations for the recognition of bad debts of approximately $1,029,000 and the recognition of interest expense on the convertible notes and debentures of approximately $527,000. Concurrent with the Company's filing of a Petition for Relief under Chapter 11, the Company adopted the policy of recording a net accounts receivable balance equal to the actual cash collected during the 30 day period subsequent to any reporting period. Any differential between the Company's actual accounts receivable and the actual subsequent cash collections is recorded as bad debt expense in the respective reporting period.

Liquidity and Capital Resources

As of November 30, 2006 and May 31, 2006, respectively, we had approximately $259,000 and $280,000 in cash in our operating accounts. To assist us in our cash flow requirements we may determine, depending upon the prevailing stock price of our shares, to seek subscriptions from the sale of securities to private investors, although there can be no assurance that we will be successful in securing any investment from private investors at terms and conditions satisfactory to us, if at all.

As of this filing, the Company does not anticipate future capital resource demands for new equipment or furnishings.

Competition

We have many competitors ranging from the very large like AT&T Corporation (which now includes the operatios of BellSouth Corporation), McLeod Communications, ICG Communications as well as smaller competitors that may be better capitalized, have better name recognition or longer track records of providing telecommunications services. The Company believes that the competitive factors affecting its markets include features such as functionality, adaptability, ease of use, quality, performance, price, customer service and support, effectiveness of sales and marketing efforts and Company reputation. Although the Company believes that it currently competes favorably with respect to such factors, there can be no assurance that the Company can maintain its competitive position against current and potential competitors, especially those with greater financial marketing support and other resources than the Company.

We believe that our "Alternative Sales" approach of partnering with municipal utility companies gives us a distinct marketing identity, as does our almost total automation in provisioning of new services and the recent outsourcing of our billing process. These factors we believe, give us the competitive edge we need to achieve growth in our customer base. However, there can be no assurance that we can maintain our competitive position against current and potential competitors, especially those with greater financial resources than we have.

Risks related to our business

Our auditors have expressed doubt about our ability to continue as
a going concern.

Our independent auditors issued their auditor's report dated July 14, 2006 on our consolidated financial statements as of May 31, 2006, which includes an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. We have negative working capital of approximately $(262,000) and $(375,000), exclusive of deferred customer revenue, as of November 30, 2006 and May 31, 2006, respectively. We continue to experience cash flow difficulties in matching our contractual payment obligations, principally to BellSouth Corp. and Global Crossing, to our revenue billing cycles.

These conditions raise substantial doubt about our ability continue as a going concern. We have a history of operating losses and may continue to incur operating losses. We will most likely require additional financing and, if we are unable to raise such funds, our operations may be adversely affected.

Based upon our present liquid resources, our present operating expenses, and the commitment of our executive officers to continue to defer most or all of their salaries, and if no increased revenues are generated from operations or other sources, we believe we will be able to operate for a minimum of an additional twelve months.

If additional funds are required, but cannot be raised, it will have an adverse effect upon our operations. To the extent that additional funds are obtained by the sale of equity securities, our stockholders may sustain significant dilution.

Convertible Debentures and Callable Convertible Secured Notes
-------------------------------------------------------------

As of November 30, 2006, the Company has outstanding aggregate
balances on convertible debentures and callable convertible
secured notes:

Convertible debentures $ 5,229,193
Convertible debentures-Series 2006 1,277,820
Convertible secured notes 3,750,000
-----------
$10,257,013
===========


On the December 8, 2005 effective date of the Company's Plan of Reorganization, all pre-petition convertible debentures/notes were restructured and assumed by the post-bankruptcy entity.

On December 8, 2005, the Company executed a $3,750,000 9.0% Asset Backed Convertible Notes which funds were used for various settlement payments and recapitalization of the Company as a result of the affirmed Plan. In January 2006, the Noteholder gave notice that this debt would most probably be converted to newly to- be-authorized Preferred Stock of the Company at the discretion of the Noteholder(s) in future periods. The document(s) associated with this debt were filed in their entirety as exhibits to the aforementioned December 14, 2005 Form 8-K.

On January 3, 2006, the Board of Directors unanimously agreed to amend the revised convertible debenture agreement approved by the US Bankruptcy Court on September 30, 2005, and made effective by that same court on December 7, 2005 as follows: 1) the Company and the Lender agreed that the $3.75 million ordinary note issued on or about December 9, 2005 would be "repaid" through the conversion of the debt to redeemable, convertible preferred stock at a 12.5% discount in a future period at rates and amounts to be determined and 2) to amend the conversion price of the previously existing

$5.2 million convertible debenture note held by the same Lender(s) from $0.47 to $0.15 per share. The entire above mentioned convertible debenture agreement was included in the Company's Form 8-K filed on December 14, 2005 and is included herein by reference.

On January 31, 2006, the Board of Directors entered into a new 12.0% convertible debenture agreement for up to an additional $625,000 in funds under terms identical to the convertible debentures brought forward in the December 2005 bankruptcy Plan affirmation and also unanimously agreed to further amend the revised convertible debenture agreement approved by the US Bankruptcy Court on September 30, 2005, and made effective by that same court on December 7, 2005 as follows:

1) The "fixed conversion rate" of the existing $5.2 million convertible debenture note is adjusted downward from $0.15 per share to $0.0625 per share.

2) The Company and the NIR Group, Inc. have reached an agreement to fund the Company with additional capital on a monthly basis, beginning March/April 2006, on terms that are to be negotiated in good faith between the parties. Said funds will have a cap of $625,000 and are to be dedicated for marketing purposes.

3) One year interest relief for period 1-01-06 to 12-31-06 on the referenced existing Convertible Debenture Notes and the Redeemable Convertible Note. During the "interest abatement period" of 1-01-06 to 12-31-06, interest on the notes will not accrue or be charged to the Company in any manner.

During the six month period ended November 30, 2006, the Company has recognized approximately $526,875 in additional paid-in capital for economic event related to the suspended interest on all of the above listed convertible debentures/notes.

Between June 1, 2006 and August 31, 2006, in 8 separate transactions, the Company issued an aggregate 2,000,000 shares of common stock to the respective Debenture Holders as a result of the exercise of the conversion of outstanding 12% debentures. These transactions were valued pursuant to the debenture terms. In situations where the conversion price, per the debenture terms, was less than the discounted closing price of the Company's common stock on the NASDAQ Electronic Bulletin Board on the date of each respective transaction, the Company recognized a non-cash charge to operations. The Company recognized a cumulative non-cash charge of approximately $26,747 for the differential between the "fair value" of these securities sold and the contractual exchange price.

Between September 1, 2006 and November 30, 2006, in 15 separate transactions, the Company issued an aggregate 7,085,000 shares of common stock to the respective Debenture Holders as a result of the exercise of the conversion of outstanding 12% debentures. These transactions were valued pursuant to the debenture terms. In situations where the conversion price, per the debenture terms, was less than the discounted closing price of the Company's common stock on the NASDAQ Electronic Bulletin Board on the date of each respective transaction, the Company recognized a non-cash charge to operations. The Company recognized a cumulative non-cash charge of approximately $53,690 for the differential between the "fair value" of these securities sold and the contractual exchange price.

[conmuchomani]

Volume: 10,079,953
Avg Vol (3m): 660,437
Market Cap: 239.14K
Last Trade: 0.0170
Trade Time: 2:12PM ET
Change: Up 0.0095 (126.67%)

[EnergyTrades]

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.

[conmuchomani]

(All numbers in thousands)

PERIOD ENDING 30-Nov-06
Total Revenue 2,207
Cost of Revenue 1,652
Gross Profit 555
Operating Income or Loss (634)
Net Income Applicable To Common Shares ($754)

http://finance.yahoo.com/q/is?s=epcg.ob

[conmuchomani]

Up 7.69%
Volume: 1,847,000
Bid/Ask 0.0140/0.0150
Market Cap: 306.39K
Float: 10.03M

[conmuchomani]

EPICUS COMMUNICATIONS GROUP INC
Filer : E TRADE FINANCIAL CORP
SC 13G/A 1/25/2007

SHARED DISPOSITIVE POWER: 1,478,000

6.8%

This percentage is based on 21,885,000 shares outstanding as reported in the Form 10-QSB of Epicus Communications Group, Inc. filed January 16, 2007.

The 35.2% percentage ownership previously reported in the Schedule 13G filed January 9, 2007, was based on 4,200,000 shares outstanding as reported by Bloomberg Financial Services on January 2, 2007.

This Amendment No. 1 to Schedule 13G is filed solely to correct the percentage ownership held by the filing entities.

[conmuchomani]

EPICUS COMMUNICATIONS GROUP INC
Filer : SACANDAGA INVESTMENTS, INC.
SC 13D 1/29/2007

January 16, 2007 until current, Sacandaga Investments, through the
trading instructions of Mystic Investments, acquired 9.14% of Epicus common stock through open market purchases.

Sacandaga my at its own discretion acquire or dispose of additional shares through the open market.

The purchases of 2,285,000 shares of common stock were made using cash through Sacandaga accounts with EquiVest and TrackData Securities.

As of January 28, 2007, Sacandaga was the record owner of 2,885,000 shares of common stock of Epicus Communications Group, Inc.

January 29, 2007

Sacandaga Investments, Inc.
A Florida Corporation

/s/Harry M. Samuels
Signature

[conmuchomani]

Dear Mr. xxx,

Thank you for your recent communication and continued interest in Epicus Communications Group, Inc. as a valued investor.

As per your request, we are forwarding responses that will hopefully answer your questions.

Since Epicus Communications does not control the secondary trading in its common stock, the Company cannot provide expanded insight as to the current stock price and valuation. As you may know, many factors influence a public company's valuation.

One example is potential dilution from existing convertible securities and future financings, either debt or equity. Epicus Communications most recent 10-QSB indicates:

As of November 30, 2006, the Company had outstanding aggregate
balances on convertible debentures and callable convertible
secured notes:

Convertible debentures $ 5,229,193
Convertible debentures-Series 2006 1,277,820
Convertible secured notes 3,750,000
-----------
$10,257,013
===========


The convertible features on the above securities carry a variable conversion price either discounted 55% to the market as specified per formula, or set to a fixed common share price of $.25, whichever is the lesser. As such, given the common stocks current trading range, significant share issuances would be needed to satisfy a demand letter from the company's institutional investors to convert.

While it would be in the Company's best interest to satisfy its outstanding debt obligations through payment or possibly restructuring its debt on more favorable terms, there can be no guarantees that the Company would be successful in such a pursuit. Accordingly, as a shareholder, risk exists for you to lose all or a portion of your investment. We suggest you consult with a financial advisor or legal counsel to further understand the implications of investing in Epicus Communications' common stock.

Importantly, the Company recognizes that long term value for shareholders is created through earnings growth and cost management. The Company's most recent press release provides an overview of recent actions taken by management to further this aim.

Due to SEC rules on Selective Disclosure (Regulation Fair Disclosure), we do not make available information about future events prior to their disclosure to the SEC and/or distribution through a press release and/or 8-K filing. This policy ensures that all shareholders have a like opportunity to review and act on information at the same time.

Insiders such as officers and executives and 5% or greater holders are required to report their purchases and sales. To the Company's knowledge, recent filings on forms 3, 4, and 13-d/g, available at www.sec.gov, indicate compliance with Securities and Exchange Commission ("SEC") (www.sec.gov) guidelines.

We have added you to our news update list, should you not wish to receive news from the Company in the future, please indicate "opt-out" in any e-mail you receive.

Epicus Communications Group, Inc. is committed to providing investors with the highest level of shareholder service. If you have questions, please contact me, Monday-Friday, between 9:00 AM-5:00 PM EST, at 941-650-4501.

Sincerely,

Epicus Communications Group, Inc.
Investor Relations

Safe Harbor for Forward-Looking Statements

Except for historical information contained herein, the statements in this communication are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price, volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings.

[conmuchomani]

EPCG = Rebound !?
Total überverkauft.

[conmuchomani]

Form 10QSB for EPICUS COMMUNICATIONS GROUP INC

20-Apr-2007

Quarterly Report

http://biz.yahoo.com/e/070420/epcg.ob10qsb.html

[conmuchomani]

Epicus Communications Reports Third Quarter 2007 Results

Tuesday April 24, 9:32 am ET

Company Improves Gross Margin and Reduces Losses

LAKE MARY, Fla.--(BUSINESS WIRE)--Epicus Communications Group, Inc. (OTCBB:EPCG - News) 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.

http://biz.yahoo.com/bw/070424/20070424005855.html?.v=1

[conmuchomani]

Income Statement

All numbers in thousands

PERIOD ENDING 28-Feb-07 30-Nov-06 31-Aug-06 28-Feb-06

Total Revenue 1,786 2,207 2,571 2,917

Cost of Revenue 1,117 1,652 1,929 2,544

Gross Profit 669 555 642 373

Operating Expenses

Research Development - - - -

Selling General and Administrative 753 732 747 938

Non Recurring - - - -

Others 166 457 582 412

Total Operating Expenses - - - -

Operating Income or Loss (251) (634) (687) (977)

Income from Continuing Operations

Total Other Income/Expenses Net 30 158 0 4

Earnings Before Interest And Taxes (221) (476) (687) (972)

Interest Expense 282 278 267 225

Income Before Tax (503) (754) (953) (1,198)

Income Tax Expense - - - -

Minority Interest - - - -

Net Income From Continuing Ops (503) (754) (953) (1,198)

Non-recurring Events

Discontinued Operations - - - -

Extraordinary Items - - - -

Effect Of Accounting Changes - - - -

Other Items - - - -

Net Income (503) (754) (953) (1,198)

Preferred Stock And Other Adjustments - - - -

Net Income Applicable To Common Shares ($503) ($754) ($953) ($1,198)





http://finance.yahoo.com/q/is?s=epcg.ob

[conmuchomani]

16-May-2007

Entry into a Material Definitive Agreement


As part of its ongoing effort to continue increasing the operating cash available to grow the company's customer base; on May 11, 2007 the Board of Directors unanimously agreed to sell $160,000 in convertible debentures to its current primary lender, a group of funds managed by "The NIR Group", at a variable price of $.25 per share or a discount to the market of 65% whichever is the lesser. In addition to operating expenses, these funds will be used to increase the public's awareness of Epicus' new wholly owned company "ECG on the Net, LLC". ECG on the Net is the Epicus VOIP services company, concentrating on delivering low cost VOIP telephone service to consumers nationwide.

[conmuchomani]

Antwort auf Beitrag Nr.: 29.370.323 von conmuchomani am 18.05.07 12:22:58

Epicus Communications Launches Sales and Marketing Initiative

Wednesday June 20, 9:22 am ET

LAKE MARY, Fla.--(BUSINESS WIRE)--Epicus Communications Group, Inc. (OTCBB:EPCG - News) announced today it plans to expand its customer base through outreach initiatives and marketing of its Voice over Internet Protocol (VoIP) services, recently offered by wholly owned provider ECG On The Net, LLC (ECGOTN).

FreedomOTN® is an Internet phone service, offered by ECGOTN, that takes advantage of VoIP technology to provide all the familiarity and calling features of a local telephone service plus the innovation of next generation services. The solution includes a complete suite of customizable VoIP and messaging features.

Mark Schaftlein, Epicus Communications' CEO said, "As we enter our first quarter of 2008, I am pleased to say that our focus will be on marketing and sales of our newest products. The resulting increase in our revenue will decrease our dependence on borrowing and thus increase opportunities for new investment."

Epicus Communications provides various strategic partner programs to attract new subscribers. Along with the more "traditional" marketing techniques, the company is introducing an ECGOTN "Family and Friends" program that will provide sales activity for new accounts outside of its existing base. This program is financially motivating with attractive payments for active participants.

In regards to product offerings, the company is migrating its voice-mail accounts to its own platform, which is expected to result in cost savings to Epicus Communications in excess of $100,000 by calendar year-end. Epicus Communications is also working to secure an agent agreement to enable it to provide dial-up Internet service and other related products. Additionally, management is exploring partnership opportunities for alternate carrier capabilities for long distance services.

Schaftlein continued, "Our service offerings now extend beyond traditional hard line quality and reliability. As such, we must show current and new customers how our solutions will work for them and create a return on investment for everyone."

Epicus Communications recently announced it entered into a securities purchase agreement with its current primary lender for the sale of $260,000 in 2-year, 6% convertible secured notes and stock purchase warrants. The funding proceeds are expected to be used for operations and to further increase public awareness for its VoIP services.

[conmuchomani]

Antwort auf Beitrag Nr.: 28.005.873 von conmuchomani am 27.02.07 16:20:48

08/29/07

NT 10-K

Notification that form 10-K will be submitted late

The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or portion
thereof, will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, 10-QSB or portion thereof will be filed on or before the fifth calendar day following the prescribed due date.

[conmuchomani]

Antwort auf Beitrag Nr.: 31.364.076 von conmuchomani am 01.09.07 13:22:50

-EPCG-
Charttechnisch (3Mon) wieder hochinteressant:
RSI(14):61 bullish!
MACD: positiv
Slow Stochastik (14,3):58/50
Last Trade: 0.001
MA(50): 0,0008 geknackt!
MA(100): 0,0011 sehr nah dran!
MA(200): 0,0041 nächster größerer Widerstand!
danach...
Luft nach oben bis...
???

[conmuchomani]

Antwort auf Beitrag Nr.: 27.017.891 von conmuchomani am 18.01.07 19:09:46

Form 10KSB for EPICUS COMMUNICATIONS GROUP INC

12-Sep-2007

Annual Report

Results of Operations

Epicus Communications Group, Inc. (Company or Epicus Group) operates in the telecommunications industry; however, we may become involved in any venture which management believes would be in the best interest of the Company and its shareholders.

For the period from June 1, 2006 through May 31, 2007, the Company reported net revenues of approximately $8,013,044 with gross profit of approximately $2,084,942 (approximately 26%). These revenues were solely derived from telecommunication service sales. We have experienced deteriorations in gross margins as a result of various statutory changes and U. S. Congressional legislation allowing the primary telecommunication carriers, which provide the Company's backbone service, to raise rates and diminish pricing margins on CLEC carriers, such as the Company. Future tariff and pricing, as well as potential increases in rates from our primary telecommunication carriers will have an impact on our future revenues and gross profit levels, which at this time are unpredictable.

The Company incurred selling and marketing expenses of approximately $26,507 and general and administrative expenses of approximately $2,782,403 for the period from June 1, 2006 through May 31, 2007.


The Company experienced a net loss of approximately $(3,062,714) for the period from June 1, 2006 through May 31, 2007. A significant component of the net loss for this period was the charge to operations for the recognition of bad debts of approximately $1,216,450 and the recognition of interest expense on the convertible notes and debentures of approximately $621,962. Concurrent with the Company's filing of a Petition for Relief under Chapter 11, the Company adopted the policy of recording a net accounts receivable balance equal to the actual cash collected during the 30-day period subsequent to any reporting period. Any differential between the Company's actual accounts receivable and the actual subsequent cash collections is recorded as bad debt expense in the respective reporting period.

Liquidity and Capital Resources

As of May 31, 2007, we had approximately $118,031 in cash in our operating accounts. To assist us in our cash flow requirements we may determine, depending upon the prevailing stock price of our shares, to seek subscriptions from the sale of securities to private investors, although there can be no assurance that we will be successful in securing any investment from private investors at terms and conditions satisfactory to us, if at all.

As of this filing, the Company does not anticipate future capital resource demands for new equipment or furnishings.

[conmuchomani]

Antwort auf Beitrag Nr.: 27.017.891 von conmuchomani am 18.01.07 19:09:46

Epicus Communications Provides VoIP Services to Public Sector in Florida

Thursday October 18, 10:01 am ET
Services Offer Efficient and Low Cost, Mobile Solution

LAKE MARY, Fla.--(BUSINESS WIRE)--Epicus Communications Group, Inc. (OTCBB:EPCG - News) announced today its wholly owned provider, ECG On The Net, LLC (ECGOTN), implemented its Voice over Internet telephone technology in a school system in Florida. The school system utilizes FreedomOTN 500, an Internet phone service, at several campus locations.

ADVERTISEMENT
In the first quarter of 2008, Epicus Communications announced the launch of a sales and marketing initiative to further expand its VoIP services customer base. The Lake Mary, Florida based company designed an outreach program to provide visibility for its local and long distance services.

The Internet phone service utilizes VoIP technology to provide all the familiarity and calling features of a local telephone service plus the innovation of next generation services. The solution includes a complete suite of customizable VoIP and messaging features.

Commenting on the news, Mark Schaftlein, Epicus’ CEO said, “Areas of sales and marketing remain our primary focus in 2008. This competitive environment demands that we demonstrate value and service in the phone service markets. We are working to obtain higher profile projects like public entities so that we can use them as success stories to attract additional business.”

FreedomOTN 500 provides both-way calling, a standard feature set, and 500 minutes per line of inbound and outbound access. Hardware requires little set-up time and includes only Analog Terminal Adapters, power supplies, and miscellaneous cables for installation.

Steven Koller, Vice President, Marketing of ECGOTN, added, “Our turn-key VoIP solution was a good fit for the school system. In short, they were looking to improve administration services, minimize long distance charges, and periodically relocate or deploy lines to campus sites. FreedomOTN creates value for users who require a flexible telephone service that provides the reliability and high voice quality of a land line.”

To learn more about ECGOTN VoIP services, please visit http://www.ecgotn.com or call 877-989-VOIP (8647).

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.


Contact:

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

Source: Epicus Communications Group, Inc.

[conmuchomani]

Antwort auf Beitrag Nr.: 27.017.891 von conmuchomani am 18.01.07 19:09:46

10BAGGER IS READY TO START...

[conmuchomani]

Antwort auf Beitrag Nr.: 27.017.891 von conmuchomani am 18.01.07 19:09:46

Form 10QSB for EPICUS COMMUNICATIONS GROUP INC

18-Jan-2008

Quarterly Report


Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations

(1) Caution Regarding Forward-Looking Information

Certain statements contained in this quarterly filing, including, without limitation, statements containing the words "believes", "anticipates", "expects" and words of similar import, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Such factors include, among others, the following: international, national and local general economic and market conditions:
demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to successfully make and integrate acquisitions; raw material costs and availability; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other factors referenced in this and previous filings.

Given these uncertainties, readers of this Form 10-QSB and investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

(2) Results of Operations, Liquidity and Capital Resources

Discontinuance of Landline Business

The Federal Government, through a series of FCC and Federal Court rulings has allowed Local Exchange Carriers (LECs) to increase the rates they charge Competitive Local Exchange Carriers (CLECs), like Epicus Communications Group, Inc., for the use of their services. These increases in the cost of doing business reduces the available capital to maintain effective marketing campaigns to replace the customers lost due to natural attrition. The resulting effect is Epicus, as it is currently structured, is unable to maintain a subscriber base large enough to generate a cash flow capable of providing enough operating capital meet its obligations. For some time, Epicus has been aware of the need to become more diverse in its products and revenue producing services. One of the major steps in that direction occurred in November of 2006 with the forming of its VOIP marketing arm, ECG on the Net, LLC. Things have rapidly evolved, taking Epicus in a totally new direction.

Therefore, effective January 1, 2008, Epicus will no longer seek or accept any new "landline" customers and will have either divested itself, or been divested of, all of its "landline" customers. The Epicus of the future will be a totally VoIP telecommunications company providing services and equipment to both business and residential customers nationwide.

Bankruptcy Filing

On October 25, 2004 (Petition Date), Epicus Communications Group, Inc. (Epicus Communications or Company, for purposes of identification in discussing the bankruptcy situation) and its wholly-owned subsidiary, Epicus, Inc. (Epicus for purposes of identification in discussing the bankruptcy situation), (collectively, Debtors) filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Florida (Bankruptcy Court) seeking reorganization relief under the provisions of Chapter 11 of Title 11 of the United States Code (Bankruptcy Code). These actions have been assigned case numbers 04-34915, 04-34916, respectively (collectively, Cases).

The Company has submitted a Plan of Reorganization (Plan) for consideration by the Bankruptcy Court and the affected creditors. On September 30, 2005, the Company received approval of the Plan of Reorganization and it was funded and became effective on December 8, 2005. Upon confirmation by the Bankruptcy Court and became binding upon all Claimants and Interest holders.

Overview

On November 13, 2006, the Company formed a new wholly-owned subsidiary, ECG on the Net, LLC, a Florida Limited Liability Company, for the purpose of providing low cost VoIP telephone services to consumers nationwide.

On various occasions, the Company's Board of Directors has unanimously agreed to sell additional convertible debentures to its current primary lender, a group of funds managed by "The NIR Group", which are convertible at a defined variable price or a defined discount to the market of 65% whichever is the lesser."

The Company plans in future periods, as circumstances and situations warrant, will continue to pursue its efforts to add additional subsidiaries or become involved in attractive joint ventures, primarily in the telecommunications industry. The Company intends to be aware of future strategic acquisition activities to promote the Company's telecommunication products and services.

Results of Operations

Epicus Communications Group, Inc. (Company or Epicus Group) operates in the telecommunications industry; however, we may become involved in any venture which management believes would be in the best interest of the Company and its shareholders. The disclosures in this quarterly report should be read in conjunction with the Company's Annual Report on Form 10-KSB for the year ended May 31, 2007.

For the respective six months ended November 30, 2007 and 2006, the Company reported net revenues from continuing operations of approximately $13,500 and $-0-, respectively, with a corresponding gross profit of approximately $12,500 and $-0- These revenues were solely derived from sales of the Company's VoIP services through its wholly-owned subsidiary, Epicus on the Net, LLC.

The Company has recognized operating expenses related to this operation of approximately $10,700 for marketing efforts and approximately $2,400 for administrative overhead. At this time, it is uncertain exactly what costs will be transferred from the Company's traditional "landline" business to its VoIP subsidiary and at what level those costs will be stabilized. However, management anticipates that the costs to maintain the VoIP subsidiary will be significantly less than the consolidated expenses experienced prior periods.

The Company experienced net income, after income taxes, of approximately $1,600 and $-0- for each of the six month periods ended November 30, 2007 and 2006, respectively.

Effective January 1, 2008, the Company terminated all business activities related to its traditional "landline" services. As such, these activities have been reflected in the accompanying financial statements on a net basis, net of income taxes, as "discontinued operations". In conjunction with normal and ordinary evaluations of the Company's intangible assets and fixed asset portfolios, pursuant to Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets", the Company recognized a charge to operations for the impairment for the future recoverability of these assets of approximately $8,021,000 and $78,000, respectively. In total, the Company experienced net losses from these operations of approximately $(10,395,109) and $(1,707,527) for the six month periods ended November 30, 2007 and 2006, respectively. The Company anticipates that any further charges related to the termination of the traditional "landline" operation to be nominal.

Also continuing to contribute to our operating loss from continuing operations during this filing period relate to the expenses associated with maintaining a public company, including legal and accounting fees, and the interest expense related to the Company's convertible debentures and notes.

Liquidity and Capital Resources

As of November 30, 2007, the Company had approximately $65,000 in cash in our operating accounts. To assist us in our cash flow requirements we may determine, depending upon the prevailing stock price of our shares, to seek subscriptions from the sale of securities to private investors, although there can be no assurance that we will be successful in securing any investment from private investors at terms and conditions satisfactory to us, if at all.

As of this filing, with the possible exception of a relatively small amount of VOIP equipment inventory, the Company does not anticipate major future capital resource demands for new equipment or furnishings.

We have many competitors in the emerging VoIP business portion of the telecommunications market ranging from the very large like AT&T Corporation (which now includes the operations of both SBC Corporation and BellSouth Corporation), Vonage Communications, ICG Communications to new start-up competitors, all of which may be better capitalized, have better name recognition or longer track records of providing telecommunications services. Although the Company believes that it currently competes favorably with respect to such factors, there can be no assurance that the Company can maintain a competitive position against current and potential competitors, especially those with greater financial marketing support and other resources than the Company.

Risks related to our business

Our auditors have expressed doubt about our ability to continue
as a going concern.

Our independent auditors issued their audit opinion on our May 31, 2007 consolidated financial statements in our Annual Report on Form 10-KSB for Fiscal 2007, which includes an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. As of November 30, 2007, we have negative working capital of approximately $(2,300,000 ), exclusive of deferred customer revenue.

These conditions raise substantial doubt about our ability continue as a going concern. We have a history of operating losses and may continue to incur operating losses. We will most likely require additional financing and, if we are unable to raise such funds, our operations may be adversely affected.

We believe that the refocused efforts to grow the operations within our recently formed wholly-owned subsidiary "ECG of the Net, LLC, will provide us with a higher margin product to grow upon.

Based upon our present liquidity and our current operating expense levels, and if we are unable to significantly increase revenues from operations or obtain other sources of working capital, we anticipate that we will have the resources to continue our operations for approximately 60 days; however, there is no assurance that these time estimates will come to fruition.

If additional funds are required, but cannot be raised, it will have an adverse effect upon our operations. To the extent that additional funds are obtained by the sale of equity securities, our stockholders may sustain significant dilution.

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