 | CONTACTS: Mike Kinney, Chief Financial Officer 281-419-3742 / mkinney@1epic.com
Michael Sclafani, President Wall Street Communications Group 303-541-0970 / msclafani@1epic.com |
EPiC ANNOUNCES INTERIM CEO AND NEW CHAIRMAN
April 23, 2009 ─ HOUSTON, TX. ─ EPiC Energy Resources, Inc. (OTCBB:EPCC) a provider of engineering, management consulting, and training services to the energy industry, announced today that, effective April 18, 2009, the Board of the Company appointed John S. Ippolito, the Company’s current President, to also serve as the Chief Executive Officer on an interim basis. Also effective April 18, 2009, the Board appointed Alan Carnrite, a current director of the Company, to serve as Chairman of the Board. Mr. Ippolito and Mr. Carnrite replace Rex P. Doyle in both positions. Mr. Doyle’s employment with the Company terminated on April 18, 2009. The Company and Mr. Doyle are currently discussing the possibility of an agreement to cover a potential severance package and other matters.
About EPiC
EPiC Energy Resources is a Houston-based integrated energy services company. EPiC provides consulting, engineering, construction management, operations, maintenance, specialized training and data management services focused primarily on the upstream and midstream energy infrastructure. Services are provided through Pearl, a diversified engineering and energy services company; Carnrite, a management consulting company focused on providing strategic and operational consulting services to the broad energy industry; and EIS, a global training and data management services company. EPiC is headquartered at 1450 Lake Robbins Drive, Suite 160, The Woodlands, Texas 77380. Office - 281-419-3742, www.1epic.com.
Forward Looking Statements
Certain statements included in this release constitute forward-looking statements. These forward-looking statements are based on management’s belief and assumptions derived from currently available information. Although EPiC Energy Resources (“EPiC”) believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Actual results could differ materially from forward-looking statements expressed or implied herein as a result of a variety of factors including, but not limited to: a decline in the price of, or demand for, oil and gas, demand for EPiC’s services, loss or unavailability of key personnel, inability to recruit or retain personnel, competition for customers and contracts, various potential losses associated with fixed-price contracts, general economic conditions, availability of capital to pursue its business plan and service its debt, and other financial, operational and legal risks and uncertainties detailed from time to time in EPiC’s SEC filings. EPiC does not undertake any obligation to publicly update forward looking statements contained herein to reflect subsequent events or circumstances.
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