Epicus Communications Group Files Form 10-K, Announcing Results for Fiscal Year 2003

by C-BW@CLARI.NET (EPICUS COMMUNICATIONS GROUP VIA BIZWIRE) on 2003-09-11 05:11:27

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 11, 2003--Epicus
Communications Group, Inc., (OTCBB:EPUC) "Epicus Group" announces its
fiscal year 2003 financial results.
Total revenue growth of 42% over 2002 on revenue of $10.4 Million.
Net loss narrows over 300% over 2002 to $1.6 Million. The loss is
largely attributed to the continued pay down of legacy debt as well as
costs incurred with the convertible debenture.
"Our operating subsidiary, Epicus, Inc. (Epicus) has performed
well," said Gerard Haryman, president and CEO at Epicus Group. "The
realignment of our product and sales strategy into bundled telecom
product suites has clearly worked measured by the revenue increase as
well as the increase in customers and addressable lines. Assuming that
their current growth rate is sustained, Epicus Group should be
positioned to post a net profit in fiscal year 2004."
"We measure our performance several ways," said Mark Richards,
chief information officer and acting CEO at Epicus. "Fiscal year 2003
vs. 2002, we increased our total product bundles from zero to over
16,000, our customer base over 300% from 9,000 to over 31,000 and our
addressable lines over 200% from 20,000 to over 50,000. Our UNE-P
strategy has succeeded and we expect further revenue increases as
UNE-P spreads throughout the industry as is evident with the recent
Sprint and AT&T UNE-P announcements."

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.

With the exception of historical facts, the matters discussed in
this press release include forward-looking statements that may involve
a number of risks and uncertainties. Actual results may vary based
upon a number of factors, including, but not limited to, risks in
product and technology development, market acceptance of new products
and technology, continuing demand, the impact of competitive products
and pricing, and changing economic conditions.

About Epicus, Inc.

Epicus is an integrated communications provider with voice and
data service in the contiguous 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 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. For more company information visit their web site at
http://www.epicus.com
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