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EKD Epic Data International Inc.

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0.00 (0.00%)
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Epic Data International Inc. TSXV:EKD TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Epic Data Announces $1.2M Private Placement

27/07/2011 9:30pm

Marketwired Canada


Epic Data International Inc. (TSX VENTURE:EKD), a provider of manufacturing
execution systems (MES), today announced it has arranged a non-brokered private
placement of 6,000,000 common shares at a price of $0.20 per share for gross
proceeds of $1,200,000. The proceeds will be used to market the Company's
manufacturing operations management software products, to fund product
development and for general working capital purposes. The common shares issued
in connection with the private placement will be subject to a four month plus a
day hold period. The closing of the private placement is subject to the
acceptance of the TSX Venture Exchange.


About Epic Data

Epic Data International Inc. is a provider of manufacturing execution and
warehouse management solutions. For 36 years Epic Data has delivered real-time
data collection and production information to discrete manufacturers through
turnkey data collection, warehouse management and lean manufacturing operations
management solutions. Defense contractors, aerospace, automotive, high
technology and industrial equipment & machinery manufacturers, employ Epic Data
solutions to optimize the ROI of their manufacturing IT infrastructure
investments and operations by increasing plant productivity, materials
visibility and production velocity. Customers include Hawker Beechcraft,
Lockheed Martin, Bell Helicopter, Komatsu, Bombardier Learjet, CAE Inc.,
Kingfisher (B&Q) plc, Joy Mining Machinery, Cobham Defence Communications Ltd.,
GE Aircraft Engine, Contour Premium Aircraft Seating, McBride plc, Phoenix
Contact, Rolls-Royce and Volvo.


For more information about Epic Data please visit our website at
www.epicdata.com or www.epicdatachina.com.


The securities offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended, or any State laws and may not
be offered or sold in the United States absent registration or any applicable
exemption from the registration requirement of such Act. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful.


Caution Regarding Forward-looking Statements

In this document and in other documents filed with Canadian regulatory
authorities or in other communications, the Company may from time to time make
written or oral forward-looking statements within the meaning of applicable
securities legislation, including statements regarding the closing of the
financing and the Company's business plans and financial objectives. These
statements typically use words such as prospects, believe, estimate, forecast,
project, expect, anticipate, plan, may, should, could and would, or the negative
of these terms, variations thereof or similar terminology. By their very nature,
forward-looking statements are based on assumptions and involve inherent risks
and uncertainties, both general and specific in nature. It is therefore possible
that the forecasts, projections and other forward-looking statements will not be
achieved or will prove inaccurate. Although the Company believes that the
expectations reflected in these forward-looking statements are reasonable, it
provides no assurance that these expectations will prove to have been correct.
The Company cautions readers against placing undue reliance on forward-looking
statements when making decisions, as the actual results could differ
considerably from the opinions, plans, objectives, expectations, forecasts,
estimates and intentions expressed in such forward-looking statements due to
various material factors. Among other things, these factors include fiscal and
economic policies, changes in interest and foreign exchange rates, and general
economic conditions, legislative and regulatory developments, competition and
access to capital. The Company further cautions that the foregoing list of
factors is not exhaustive. For more information on the risks, uncertainties and
assumptions that would cause the Company's actual results to differ from current
expectations, please also refer to the Company's public filings available at
www.sedar.com. The Company does not undertake to update any forward-looking
statements, whether oral or written, made by itself or on its behalf, except to
the extent required by securities regulations.


1 Year Epic Data International Inc. Chart

1 Year Epic Data International Inc. Chart

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1 Month Epic Data International Inc. Chart