Epic Data Announces Year End Results

Epic Data International Inc. (TSX VENTURE:EKD), a provider of manufacturing
execution systems (MES), a provider of manufacturing operations management and
real-time data collection solutions, today announced the results of operations
for the three months and year ended September 30, 2012.


Highlights for the year:



--  Increased product development spending in 2012 compared to 2011 by
    nearly 150% to $1.6 million; 
--  Released IntegraMES 6.4, our newly architected, web-enabled MES
    platform; 
--  Developed UniView, our new rugged shop floor terminal that supports
    browser-based web applications and high security; 
--  Set up a majority-owned equity joint venture with Huazhong University of
    Science & Technology, one of China's most prominent engineering
    universities and grew the operations to 115 staff in Wuhan; and 
--  Completed a $2.4 million equity and debenture financing.

Results of Operations                                                       
                             Three months ended                  Year ended 
                                  September 30,               September 30, 
                             2012          2011          2012          2011 
                     ------------- ------------- ------------- -------------
                                                                            
Revenue              $    956,508  $    935,869  $  4,213,752  $  4,202,974 
                                                                            
Cost of sales             717,025       458,325     2,441,982     2,082,498 
----------------------------------------------------------------------------
                                                                            
Gross margin              239,483       477,544     1,771,770     2,120,476 
----------------------------------------------------------------------------
                                                                            
Expenses                                                                    
  General and                                                               
   administration         638,641       500,444     2,435,705     1,814,415 
  Sales and marketing     527,396       284,708     1,852,273       987,761 
  Product development     365,706       182,475     1,570,417       632,137 
  Net finance charges      77,280        52,742       473,213       153,382 
  Deferred income tax                                                       
   (recovery)            (117,768)            -      (117,768)     (167,608)
  Foreign exchange        (38,576)        7,640         8,421        84,833 
----------------------------------------------------------------------------
                                                                            
                        1,452,679     1,028,009     6,222,261     3,504,920 
----------------------------------------------------------------------------
                                                                            
Net loss               (1,213,196)     (550,465)   (4,450,491)   (1,384,444)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Loss per share -                                                            
 basic and diluted   $      (0.04) $      (0.02) $      (0.13) $      (0.05)
----------------------------------------------------------------------------
----------------------------------------------------------------------------



Results of Operations for the year ended September 30, 2012 compared with 2011

Revenue

Revenue for the year ended September 30, 2012 increased $10,778 or 0.3% to
$4,213,752 compared with $4,202,974 in the prior year. The increase in revenue
was due to revenue from the start-up operations in China.

Gross Margin

The gross margin for the year ended September 30, 2012 decreased $348,706 or 17%
to $1,771,770 as compared with $2,120,476 in the prior year. The decrease was
due to the start-up operations in China where a number of projects are in
progress, however certain conditions necessary to allow revenue recognition have
not yet been met.


General and administration

General and administration expenses for the year ended September 30, 2012
increased $621,290 or 34% to $2,435,705 compared with $1,814,415 in the prior
year. The increase is principally due to the start up operations in China, which
were for $605,834.


Sales and marketing

Sales and marketing expenses for the year ended September 30, 2012 increased
$864,512 or 87% to $1,852,273 compared with $987,761 in the prior year. The
increase is primarily due to the start-up operations in China which accounted
for $324,132 and compensation and sales consulting related costs to new
personnel, including the hiring of a new vice president of sales, totaling for
$461,388.


Product development

Product development expenses for the year ended September 30, 2012 increased
$938,280 or 148% to $1,570,417 compared with $632,137 in the prior year. We have
development teams in Richmond, Canada and Wuhan, China. The increase in spending
was comprised of the new development team in Wuhan, which accounted for $300,178
of the increase and the balance of the increase of $638,102 was incurred in
Richmond. The increase is due to the development of the UniView, our new rugged
shop floor terminal that supports browser-based web applications and high
security and the release of IntegraMES 6.4, our newly architected, web-enabled
MES platform.


Net finance charges

Net finance charges for the year ended September 30, 2012 increased $319,831 or
57% to $473,213 compared with $153,382 in the prior year. The increase is due to
the interest accretion of $292,534, which was primarily related to the repayment
of debt in the year, and to the interest charged on the debt.


Net loss

Net loss for the year ended September 30, 2012 increased $3,066,047 or 221% to
$4,450,491 compared with $1,384,444 in the prior year. The significant
components are the start-up operations in China, which had a loss of 1,583,760
and the increased product development.


Results of operations for the fourth quarter

Revenue for the three months ended September 30, 2012 increased $20,639 or 2% to
$956,508 compared with $935,869 in the same period of the prior year. The
increase was due to project work in the fourth quarter. Cost of sales however
increased by $258,700 as a result of the operations in China, which had a number
of projects in progress, however certain conditions necessary to allow revenue
recognition have not yet been met.


Expenses for the three months ended September 30, 2012 increased $424,670 or 55%
to $1,452,679 compared with $1,028,009 in the same period of the prior year. In
general the expenses for the three months ended September 30, 2012 are higher
than last year due mainly to the operations in China.


Net loss for the three months ended September 30, 2012 increased $662,731 to a
loss of $1,213,196 compared with a loss of $550,465 in the same period of the
prior year.


Loan Financing

The Company announces that it has received a term loan of $555,000 from Hua Zhuo
Lin, a minority shareholder of the Company. The proceeds of the loan will be
used to complete the Company's registered capital obligation for its 51%
investment in Epic-Hust Technology (Wuhan) Co. Ltd ("Epic-Hust JV) in China. The
principal amount of the loan is due on January 31, 2016 and will bear interest
at the rate of 5% per annum payable semi-annually. In connection with this loan,
the Company has granted a security against the Company's equity interest in
Epic-Hust JV.


About Epic Data

Epic Data International Inc. has produced manufacturing execution and warehouse
management solutions for 36 years. Epic Data solutions synchronize supply chain
and production activities to achieve real-time visibility of manufacturing
metrics that reduces cycle times and costs, optimizes production planning and
control, and boosts quality and efficiency. The solutions are easily implemented
either by module or as a completely integrated solution suite across the global
enterprise. Customers include Lockheed Martin, Bell Helicopter, Komatsu, Hawker
Beechcraft, 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.


More information about Epic Data is available at www.epicdata.com.

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 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Epic Data International Inc.
Robert Nygren
President & CEO
604-273-9146
[e-mail]
www.epicdata.com