Phoenix International Industries Announces Name Change to Epicus Communications Group, Inc., a Move Inspired by its Growing Telecommunications Subsidiary.Business Editors/High-Tech Writers WEST PALM BEACH, Fla.--(BUSINESS WIRE)--May 5, 2003 Phoenix International Industries Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PHXU) announced today the change of the company's name to Epicus Communications Group, Inc., "Epicus Group". Effective today the company will commence trading at market open under the new ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors (OTCBB:EPUC). The move follows the announcement of a record quarter of net earnings by wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Epicus Inc., "Epicus" of approximately $682,000 on sales of over $3.2 million. "As a holding company, Epicus Group, formerly Phoenix, had acquired and invested in several businesses in recent years," said Gerard Haryman, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Epicus Group. "We have since focused our attention on the telecommunications sector with the eventual turn around in mind. Epicus is now our only operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. and it is performing very well. The name change is being done in an effort to continue building the Epicus brand that has already gained traction in the industry." "We have exceeded the strategic goals set in place a year ago," said Mark Richards Mark Richards can refer to:
About Epicus Group: Epicus Group is publicly traded under the symbol (OTCBB:EPUC). Epicus Group is a holding company and may consider investing in and/or acquiring additional properties where there are opportunities to broaden its overall revenue and/or increase its subsidiaries' product portfolios for the further enhancement of the Epicus brand. About Epicus: Epicus is an integrated communications provider with voice and data service in the continuous 48 states, international long distance in 240 countries with local exchange services in 7 southeastern states. Epicus is a leader in offering bundled "one bill" local services and the first licensed CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) in Florida. Epicus offers a full suite of voice and data services for residential and small business customers through its Freedom Rings(TM) voice and AccessNOW(TM) data services brands. |
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