Phoenix7's Stock Sizzlers

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  • billyjoe
    Senior Member
    • Nov 2003
    • 9014

    Hoping for a good day.

    --------------billy

    Comment

    • Phoenix7
      Senior Member
      • Nov 2011
      • 3663

      NEWS FLASH!
      The "Amazing" Travis Johnson at stockgumshoe has just deciphered another tech stock from clues that are promoting a Nevellier Publication. The stock in question MXL "Could" Double. Here is the link ...........Very Interesting Read! http://www.stockgumshoe.com/reviews/...olution/print/

      MXL Chart: http://finviz.com/quote.ashx?t=MXL&ty=c&ta=1&p=d

      MXL 2nd Chart: http://schrts.co/GYsP6g

      TRXC my recent pick appears to be doing well today . This recent article puts TRXC in a good light! http://www.fool.com/investing/genera...nsenterix.aspx TRXC Chart: http://finviz.com/quote.ashx?t=TRXC&ty=c&ta=1&p=d TRXC 2nd Chart: http://schrts.co/WE7qd9

      RRC another SHORT of mine is continuing to slide into the crapper! Investopedia sheds more light on RRC and several others: http://www.investopedia.com/stock-an...artner=YahooSA Folks from a previous post of mine, "With only Approximately 500K Cash on hand and $3.5 BILLION in total debt the fat lady is waiting in the wings. "
      RRC Chart: http://finviz.com/quote.ashx?t=RRC&ty=c&ta=1&p=d
      RRC 2nd Chart http://schrts.co/aodsid
      Last edited by Phoenix7; 02-16-2016, 08:05 PM.

      Comment

      • Phoenix7
        Senior Member
        • Nov 2011
        • 3663

        Many Bio Technology shares are getting blasted in 2016, one way to counteract this , for at least the short term, would be an Inverse Bio Technology ETF like BIS, Read this about BIS for clarification. http://seekingalpha.com/article/3884...ney-recessions

        BIS Chart: http://finviz.com/quote.ashx?t=BIS

        BIS 2nd Chart: http://schrts.co/xlj8VD

        AF is in the banking business, but for how long? is anyone's guess. AF has an impressive $200 Million in cash, "BUT" there is a HUGE matter of a $3.96 BILLION Debt load. If old lady Yellin follows through with her interest rate increases , it could be curtains for AF. Perhaps time to short now and avoid the rush? AF Chart: http://finviz.com/quote.ashx?t=AF&ty=c&ta=1&p=d
        Last edited by Phoenix7; 02-16-2016, 08:14 PM.

        Comment

        • mimo_100
          Senior Member
          • Sep 2003
          • 1784

          Originally posted by Phoenix7 View Post
          Many Bio Technology shares are getting blasted in 2016, one way to counteract this , for at least the short term, would be an Inverse Bio Technology ETF like BIS, Read this about BIS for clarification. http://seekingalpha.com/article/3884...ney-recessions

          BIS Chart: http://finviz.com/quote.ashx?t=BIS

          BIS 2nd Chart: http://schrts.co/xlj8VD

          AF is in the banking business, but for how long? is anyone's guess. AF has an impressive $200 Million in cash, "BUT" there is a HUGE matter of a $3.96 BILLION Debt load. If old lady Yellin follows through with her interest rate increases , it could be curtains for AF. Perhaps time to short now and avoid the rush? AF Chart: http://finviz.com/quote.ashx?t=AF&ty=c&ta=1&p=d

          Not sure why you believe that rising interest rates are bad for banks. The key for banks is loan demand - and the spread between bank borrowing and bank lending. Right now many banks are paying next to nothing in interest. The spread for banks is probably around 6% - pretty good.

          If the Fed increases the fed funds rate, many rates will increase. As long as this does not affect load demand, the increase may be good for banks in the short term.

          A bigger problem is the economy heading south, corporations cutting back on borrowing, and consumers delaying borrowing.

          The recent 1/4% raise in rates has done nothing - actually the 10 year note is much lower now than it was when the Fed raised rates - just the opposite of what one would expect. The reason of course is the glut of oil - the world economy - everyone is heading into "safe" assets, i.e., US short term debt.
          Tim - Retired Problem Solver

          Comment

          • Phoenix7
            Senior Member
            • Nov 2011
            • 3663

            Originally posted by mimo_100 View Post
            Not sure why you believe that rising interest rates are bad for banks. The key for banks is loan demand - and the spread between bank borrowing and bank lending. Right now many banks are paying next to nothing in interest. The spread for banks is probably around 6% - pretty good.

            If the Fed increases the fed funds rate, many rates will increase. As long as this does not affect load demand, the increase may be good for banks in the short term.

            A bigger problem is the economy heading south, corporations cutting back on borrowing, and consumers delaying borrowing.

            The recent 1/4% raise in rates has done nothing - actually the 10 year note is much lower now than it was when the Fed raised rates - just the opposite of what one would expect. The reason of course is the glut of oil - the world economy - everyone is heading into "safe" assets, i.e., US short term debt.
            Tim Nice analysis ......Thanks for your input! It will be interesting to see how this all plays out!

            Comment

            • Phoenix7
              Senior Member
              • Nov 2011
              • 3663

              TRXC was the subject of a SHORT'S Negative article on seeking alpha.............whether it is true or not , I am sure TRXC will take a hit.
              Here is the link to the article: http://seekingalpha.com/article/3911...pointing-sales

              TRXC Chart: http://finviz.com/quote.ashx?t=TRXC&ty=c&ta=1&p=d Chart 2 :http://schrts.co/AP9HJn
              Last edited by Phoenix7; 02-19-2016, 08:59 PM.

              Comment

              • Phoenix7
                Senior Member
                • Nov 2011
                • 3663

                Originally posted by Phoenix7 View Post
                TRXC was the subject of a SHORT'S Negative article on seeking alpha.............whether it is true or not , I am sure TRXC will take a hit.
                Here is the link to the article: http://seekingalpha.com/article/3911...pointing-sales

                TRXC Chart: http://finviz.com/quote.ashx?t=TRXC&ty=c&ta=1&p=d Chart 2 :http://schrts.co/AP9HJn
                For better or worse my stop kicked in and sold my TRXC for a small profit of about $28! I will watch to see if TRXC will recover after the negative Seeking Alpha article.

                Comment

                • Phoenix7
                  Senior Member
                  • Nov 2011
                  • 3663

                  One pundit on the web had this to say about banks, "Say what you will about the strength of the economic recovery and all the regulation that sprung from the aftermath of "Too Big to Fail," but 455 banks that survived the recession have ceased to exist in the past six years. If this doesn't prove how difficult the current banking environment is, I don't know what does."


                  1. Astora Financial (AF) has been around for years , but lately the bank has gotten into trouble.
                  AF has an impressive $200 Million in cash, "BUT" there is a HUGE matter of a $3.96 BILLION Debt load. If old lady Yellin follows through with her interest rate increases , non-performing loans could SKY ROCKET, and it could be curtains for AF. Perhaps time to short now and avoid the rush? AF Chart: http://finviz.com/quote.ashx?t=AF&ty=c&ta=1&p=d.

                  2. RRC RRC another SHORT of mine is continuing to slide into the crapper! Investopedia sheds more light on RRC and several others: http://www.investopedia.com/stock-an...r=YahooSAFolks from a previous post of mine, "With only Approximately 500K Cash on hand and $3.5 BILLION in total debt the fat lady is waiting in the wings. "
                  RRC Chart: http://finviz.com/quote.ashx?t=RRC&ty=c&ta=1&p=d
                  RRC 2nd Chart http://schrts.co/aodsid

                  3. CERN would be another good short. Chart: http://finviz.com/quote.ashx?t=CERN&ty=c&ta=1&p=d

                  4. ING Good for Shorting also. Chart: http://finviz.com/quote.ashx?t=ING&ty=c&ta=1&p=d

                  5. BIS This ETF Actual "Shorts" 2X The Biotechnology Index, which currently has about 195 Bio Technology stocks in that index , and during the past 6 months 90% of them have lost share value. Chart: http://finviz.com/quote.ashx?t=BIS&ty=c&ta=1&p=d

                  6. SH An "INVERSE" ETF that Shorts the S&P 500. Chart: http://finviz.com/quote.ashx?t=SH&ty=c&ta=1&p=d

                  7. SDS An Inverse ETF that "DOUBLE" Shorts the S&P 500 Index! Chart: http://finviz.com/quote.ashx?t=SDS&ty=c&ta=1&p=d

                  Comment

                  • Phoenix7
                    Senior Member
                    • Nov 2011
                    • 3663

                    Originally posted by Phoenix7 View Post
                    One pundit on the web had this to say about banks, "Say what you will about the strength of the economic recovery and all the regulation that sprung from the aftermath of "Too Big to Fail," but 455 banks that survived the recession have ceased to exist in the past six years. If this doesn't prove how difficult the current banking environment is, I don't know what does."


                    1. Astora Financial (AF) has been around for years , but lately the bank has gotten into trouble.
                    AF has an impressive $200 Million in cash, "BUT" there is a HUGE matter of a $3.96 BILLION Debt load. If old lady Yellin follows through with her interest rate increases , non-performing loans could SKY ROCKET, and it could be curtains for AF. Perhaps time to short now and avoid the rush? AF Chart: http://finviz.com/quote.ashx?t=AF&ty=c&ta=1&p=d.

                    2. RRC RRC another SHORT of mine is continuing to slide into the crapper! Investopedia sheds more light on RRC and several others: http://www.investopedia.com/stock-an...r=YahooSAFolks from a previous post of mine, "With only Approximately 500K Cash on hand and $3.5 BILLION in total debt the fat lady is waiting in the wings. "
                    RRC Chart: http://finviz.com/quote.ashx?t=RRC&ty=c&ta=1&p=d
                    RRC 2nd Chart http://schrts.co/aodsid

                    3. CERN would be another good short. Chart: http://finviz.com/quote.ashx?t=CERN&ty=c&ta=1&p=d

                    4. ING Good for Shorting also. Chart: http://finviz.com/quote.ashx?t=ING&ty=c&ta=1&p=d

                    5. BIS This ETF Actual "Shorts" 2X The Biotechnology Index, which currently has about 195 Bio Technology stocks in that index , and during the past 6 months 90% of them have lost share value. Chart: http://finviz.com/quote.ashx?t=BIS&ty=c&ta=1&p=d

                    6. SH An "INVERSE" ETF that Shorts the S&P 500. Chart: http://finviz.com/quote.ashx?t=SH&ty=c&ta=1&p=d

                    7. SDS An Inverse ETF that "DOUBLE" Shorts the S&P 500 Index! Chart: http://finviz.com/quote.ashx?t=SDS&ty=c&ta=1&p=d
                    BULLSEYE! With the markets down today ALL the above positions made $$$$!

                    Comment

                    • Phoenix7
                      Senior Member
                      • Nov 2011
                      • 3663

                      Folks here are stock picks , and because of the turmoil in our stock markets BOTH , Long and Short positions are listed. I am currently pressed for time , but will add more information later.

                      STOCKS TOP BE SHORTED:

                      1. CERN http://finviz.com/quote.ashx?t=CERN&ty=c&ta=1&p=d

                      2. ING http://finviz.com/quote.ashx?t=ING&ty=c&ta=1&p=d

                      3. RRC RRC another SHORT of mine is continuing to slide into the crapper! Investopedia sheds more light on RRC and several others: http://www.investopedia.com/stock-an...r=YahooSAFolks from a previous post of mine, "With only Approximately 500K Cash on hand and $3.5 BILLION in total debt the fat lady is waiting in the wings. "
                      RRC Chart: http://finviz.com/quote.ashx?t=RRC&ty=c&ta=1&p=d
                      RRC 2nd Chart http://schrts.co/aodsid

                      4, WPZ http://blogs.barrons.com/incomeinves...rrons&ru=yahoo If WPZ continues to drop, its dividend could be lowered! Chart: http://finviz.com/quote.ashx?t=WPZ&ty=c&ta=1&p=d Does not look good!


                      Stocks to be played LONG follow in the list below:

                      1. ARTX http://finviz.com/quote.ashx?t=ARTX&ty=c&ta=1&p=d

                      2. CRDC http://finviz.com/quote.ashx?t=CRDC&ty=c&ta=1&p=d

                      3. HIMX http://finviz.com/quote.ashx?t=HIMX&ty=c&ta=1&p=d

                      4. PVHO ( Warning Extremely Speculative!!) Chart: http://schrts.co/zkNN2G Folks if you are very nimble you "MAY" be able to get in and out quickly to make a few bucks , but keep in mind PVHO is for GAMBLERS only. A yahoo poster said this about PVHO "PVCO - Provision Holding Scam Alert
                      People please be advised that the company, Provision Holdings, is run by a small family that hired a stock manipulators to run up the price. I am personally making contact with the Attorney General, FBI, and SEC next week, and also contacting Yahoo and other media outlooks regarding the scam. 1,000's of messages have been posted on message boards in coordination with a supposed private placement for stock and warrants. After 8 years of running this company, as with most boiler room companies, suddenly business picks up after all of these years of having the same technology. It is unfortunate that the CEO has resorted to this type of unethical behavior. The company is also naming other companies partners and using trademarks on their website without authorized permission" You have been warned! I am only watching this one!!

                      5. SBGL http://finviz.com/quote.ashx?t=SBGL&ty=c&ta=1&p=d

                      Folks "Stockgumshoe" just deciphered some clues for an energy stock promoted by a Mr Nick Hodge! Stockgumshoe determined from the clues that stock stock in question is : AACTV

                      6. AACTV Another Highly Speculative stock. Here is the link , it makes for an interesting read! Folks I'll just WATCH for now! http://www.stockgumshoe.com/reviews/...om-nick-hodge/ Chart: http://www.marketwatch.com/investing/stock/AACTF

                      7. NTCXF is the other stock mentioned in the article above! Chart: http://schrts.co/JOHZCv Just Watching For Now!!
                      Last edited by Phoenix7; 02-29-2016, 09:11 AM.

                      Comment

                      • Phoenix7
                        Senior Member
                        • Nov 2011
                        • 3663

                        "Currently" the performance of the following stocks is great......for how long that will last is anyone's guess.

                        1. ARTX http://finviz.com/quote.ashx?t=ARTX&ty=c&ta=1&p=d 2nd CHART: http://schrts.co/qKKd4F

                        2. BEAT http://finviz.com/quote.ashx?t=BEAT&ty=c&ta=1&p=d

                        3. BIS An ETF which actually "SHORTS" about 195 Medical Stocks I like this one folks http://finviz.com/quote.ashx?t=BIS&ty=c&ta=1&p=d

                        4. CRDC http://finviz.com/quote.ashx?t=CRDC&ty=c&ta=1&p=d

                        5. HA http://finviz.com/quote.ashx?t=HA&ty=c&ta=1&p=d

                        6. MNOV http://finviz.com/quote.ashx?t=MNOV&ty=c&ta=1&p=d

                        7. NAII http://finviz.com/quote.ashx?t=NAII&ty=c&ta=1&p=d

                        8. NPTN http://finviz.com/quote.ashx?t=NPTN&ty=c&ta=1&p=d

                        9. SBGL http://finviz.com/quote.ashx?t=SBGL&ty=c&ta=1&p=d
                        Last edited by Phoenix7; 03-03-2016, 02:49 PM.

                        Comment

                        • Phoenix7
                          Senior Member
                          • Nov 2011
                          • 3663

                          Crazy markets but the following stocks have been doing well!

                          1. EPSC Folks I received a mailer on this "PUMPED" stock . The promoters were paid in excess of $1.5 MILLION to PUMP this stock . If you are very nimble , you may be able to get in and out quickly before the inevitable "DUMP" and make a few bucks. WARNING For Gamblers Only! Chart: http://www.marketwatch.com/investing/stock/epsc

                          2. KGILF Gold Stock http://schrts.co/yjcUxu

                          3. MKTX Finance http://finviz.com/quote.ashx?t=MKTX&ty=c&ta=1&p=d

                          4. SBGL Super Gold Stock http://finviz.com/quote.ashx?t=SBGL&ty=c&ta=1&p=d

                          Comment

                          • mimo_100
                            Senior Member
                            • Sep 2003
                            • 1784

                            Originally posted by Phoenix7 View Post
                            Crazy markets but the following stocks have been doing well!

                            1. EPSC Folks I received a mailer on this "PUMPED" stock . The promoters were paid in excess of $1.5 MILLION to PUMP this stock . If you are very nimble , you may be able to get in and out quickly before the inevitable "DUMP" and make a few bucks. WARNING For Gamblers Only! Chart: http://www.marketwatch.com/investing/stock/epsc

                            2. KGILF Gold Stock http://schrts.co/yjcUxu

                            3. MKTX Finance http://finviz.com/quote.ashx?t=MKTX&ty=c&ta=1&p=d

                            4. SBGL Super Gold Stock http://finviz.com/quote.ashx?t=SBGL&ty=c&ta=1&p=d
                            I found this press release from EPSC


                            PRESS RELEASE
                            Epic Stores Corp. Completes Merger and $2.3 Million Private Placement

                            By
                            Published: Aug 31, 2015 8:31 a.m. ET


                            Aug 31, 2015 (ACCESSWIRE via COMTEX) -- Growth Capital will Accelerate Expansion Plans; Epic Becomes One of Thrift Industry's Fastest Growing Public Companies

                            PHOENIX, AZ / ACCESSWIRE / August 31, 2015 / Epic Stores, Corp. ("Epic" or the "Company", formerly Be At TV, Inc.) , a second-hand goods retailer that operates retail stores in the United States, today announced that it has completed a reverse takeover transaction pursuant to the terms of a share exchange agreement dated June 24, 2015 among Be At TV, Inc., Epic Stores, Corp. and the stockholders of Epic. In addition, the Company completed a private placement financing transaction, raising gross proceeds of $2.3 million to accelerate expansion plans. Epic Stores opened two thrift stores in early 2015 and plans to open three additionalthrift stores prior to the close of 2015 with additional growth in 2016 and beyond.

                            "With this milestone transaction complete, Epic Stores Corp. today emerges as a publicly traded entity, providing the company with access to growth capital so we can fully execute our aggressive growth plans," commented Brian Davidson, President and Chief Executive Officer of Epic Stores Corp. "The initial $2.3 million in funding will fund our near-term expansion into Houston, and we are well positioned to reach 15 stores by the end of 2015. With a modern and sophisticated combination of industry leading analytics, operational excellence, and a fresh, clean approach to storefronts, we are confident that Epic Stores is positioned to capture a meaningful share of a rapidly growing business opportunity."

                            ADVERTISING


                            "Our model is centered around connecting in the communities in which we operate," continued Mr. Davidson. "We actively partner with major charities in each metro area, and each store partners with smaller, local non-profits, including public school groups and houses of worship. We provide a viable, simple, and environmentally friendly fundraising opportunity, helping Epic Stores contribute positively to our community. In 2015, our 12 stores have helped our partner non-profits raise over $100,000. This helps us secure reasonably priced, high-quality inventory to drive consumer traffic and set us apart from other thrift stores."

                            "Uniquely, Epic Stores creates a bright, well-organized shopping experience, with products sorted by size and color, so consumers can quickly find the item they are searching for, rather than shuffling through disorganized bins," continued Mr. Davidson. "No product sits on our shelf for more than six weeks, ensuring a steady flow of new inventory. Stale inventory is wholesaled, sold through outlet stores or recycled, meaning that only 5% of the inventory that comes into the front of our stores leaves as waste. This fresh approach to the market further sets us apart, and is driving brand loyalty. In addition, we employ sophisticated analytics, helping us understand our customers on a per-store basis, so we can optimize inventory within a given market. The net result is the highest revenue per square foot in the industry."

                            Key Terms of the Transaction

                            Pursuant to the terms of the exchange agreement, Be At TV, Inc. acquired all 27,083,493 of Epic's issued and outstanding shares of common stock from Epic's stockholders in exchange for the issuance of an aggregate of 19,959,970 shares of Be At TV, Inc.'s common stock on the basis of 0.737 shares of common stock for each Epic share and 1,133,813 warrants, each of which is exercisable into one share of common stock at a price of $1.02 per share until June 24, 2018.

                            Concurrent Financing

                            Concurrently with the closing of the exchange agreement, the Company completed a private placement financing pursuant to which it issued an aggregate of 2,631,477 units at a price of $0.882 per unit for gross proceeds of $2,320,959, of which $770,959 was satisfied by settlement of a bridge loan in the principal amount of $750,000, plus accrued interest thereon, made by a subscriber to Epic prior to the closing of the exchange agreement. Each unit consisted of one share of common stock in the capital of the Company and one transferable share purchase warrant. Each warrant entitles the holder to acquire one share of common stock at a price of $1.02 per warrant share until June 24, 2018.

                            Change of Control

                            In connection with the closing of the exchange agreement, the Company experienced a change of control as four new directors, all of whom were directors of Epic, were appointed to the Board of Directors, all the Company's prior management resigned and were replaced by management nominated by Epic, and former stockholders of Epic were issued shares of common stock that constituted approximately 58.1% of the issued and outstanding shares at the closing. As a result, the acquisition of Epic is being treated as a reverse merger and recapitalization, with Epic as the acquirer, for accounting purposes.

                            Effective as of the closing of the exchange agreement, the Company's board of directors appointed Wayne Riggs, Brian Davidson, Bob Riggs and Zachary Bradford as directors of the company. Paul Medley resigned as the sole director and officer of the Company. Brian Davidson was appointed to the role of President and Chief Executive Officer, Secretary and Treasurer, Zachary Bradford was appointed to the role of Chief Financial Officer, and Bob Riggs was appointed to the role of Chief Operating Officer.

                            Name Change

                            In accordance with the terms of the exchange agreement, the Company's name has been changed from "Be At TV, Inc." to "Epic Stores Corp."

                            The Company's common shares currently trade on the OTC Pink exchange under the Ticker symbol BETVD and are expected to commence trading on the OTC Pink exchange under the ticker symbol "EPSC" at the commencement of trading on September 18, 2015.

                            About Epic Stores Corp.

                            Epic is a second hand goods retailer that operates second hand retail stores in the United States. Based in Phoenix, Arizona, the company offers high quality, on-trend second hand clothing, accessories and household products at affordable prices. As of June 1, 2015, the company employed 232 employees and operated 12 retail stores in four states. Founded in 2010, Epic opened its first retail store in Phoenix, Arizona. Since that time, the company has opened additional stores in Arizona, Nevada, Colorado, and Texas. All of the retail stores sell products directly to consumers. The company also operates a leading wholesale business that supplies used shoes, books and clothing to distributors.

                            Forward-Looking Statements

                            The information in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. Examples of forward-looking statements include, but are not limited to, statements regarding: (i) the adequacy of the Company's liquidity to meet its needs for the foreseeable future, (ii) the benefits expected to be recognized in connection with retail and whole sales, (iii) the Company's expectation that the current market conditions will continue. The Company's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.

                            Company Contacts

                            Brian Davidson

                            President and CEO

                            Epic Stores Corp.

                            Tel 623-565-5758

                            Investor Relations

                            Brett Maas

                            Managing Partner

                            Hayden IR

                            Tel (646) 536-7331

                            [email protected]

                            SOURCE: Epic Stores Corp.



                            Copyright 2015 ACCESSWIRE
                            Tim - Retired Problem Solver

                            Comment

                            • Phoenix7
                              Senior Member
                              • Nov 2011
                              • 3663

                              Originally posted by mimo_100 View Post
                              I found this press release from EPSC


                              PRESS RELEASE
                              Epic Stores Corp. Completes Merger and $2.3 Million Private Placement

                              By
                              Published: Aug 31, 2015 8:31 a.m. ET


                              Aug 31, 2015 (ACCESSWIRE via COMTEX) -- Growth Capital will Accelerate Expansion Plans; Epic Becomes One of Thrift Industry's Fastest Growing Public Companies

                              PHOENIX, AZ / ACCESSWIRE / August 31, 2015 / Epic Stores, Corp. ("Epic" or the "Company", formerly Be At TV, Inc.) , a second-hand goods retailer that operates retail stores in the United States, today announced that it has completed a reverse takeover transaction pursuant to the terms of a share exchange agreement dated June 24, 2015 among Be At TV, Inc., Epic Stores, Corp. and the stockholders of Epic. In addition, the Company completed a private placement financing transaction, raising gross proceeds of $2.3 million to accelerate expansion plans. Epic Stores opened two thrift stores in early 2015 and plans to open three additionalthrift stores prior to the close of 2015 with additional growth in 2016 and beyond.

                              "With this milestone transaction complete, Epic Stores Corp. today emerges as a publicly traded entity, providing the company with access to growth capital so we can fully execute our aggressive growth plans," commented Brian Davidson, President and Chief Executive Officer of Epic Stores Corp. "The initial $2.3 million in funding will fund our near-term expansion into Houston, and we are well positioned to reach 15 stores by the end of 2015. With a modern and sophisticated combination of industry leading analytics, operational excellence, and a fresh, clean approach to storefronts, we are confident that Epic Stores is positioned to capture a meaningful share of a rapidly growing business opportunity."

                              ADVERTISING


                              "Our model is centered around connecting in the communities in which we operate," continued Mr. Davidson. "We actively partner with major charities in each metro area, and each store partners with smaller, local non-profits, including public school groups and houses of worship. We provide a viable, simple, and environmentally friendly fundraising opportunity, helping Epic Stores contribute positively to our community. In 2015, our 12 stores have helped our partner non-profits raise over $100,000. This helps us secure reasonably priced, high-quality inventory to drive consumer traffic and set us apart from other thrift stores."

                              "Uniquely, Epic Stores creates a bright, well-organized shopping experience, with products sorted by size and color, so consumers can quickly find the item they are searching for, rather than shuffling through disorganized bins," continued Mr. Davidson. "No product sits on our shelf for more than six weeks, ensuring a steady flow of new inventory. Stale inventory is wholesaled, sold through outlet stores or recycled, meaning that only 5% of the inventory that comes into the front of our stores leaves as waste. This fresh approach to the market further sets us apart, and is driving brand loyalty. In addition, we employ sophisticated analytics, helping us understand our customers on a per-store basis, so we can optimize inventory within a given market. The net result is the highest revenue per square foot in the industry."

                              Key Terms of the Transaction

                              Pursuant to the terms of the exchange agreement, Be At TV, Inc. acquired all 27,083,493 of Epic's issued and outstanding shares of common stock from Epic's stockholders in exchange for the issuance of an aggregate of 19,959,970 shares of Be At TV, Inc.'s common stock on the basis of 0.737 shares of common stock for each Epic share and 1,133,813 warrants, each of which is exercisable into one share of common stock at a price of $1.02 per share until June 24, 2018.

                              Concurrent Financing

                              Concurrently with the closing of the exchange agreement, the Company completed a private placement financing pursuant to which it issued an aggregate of 2,631,477 units at a price of $0.882 per unit for gross proceeds of $2,320,959, of which $770,959 was satisfied by settlement of a bridge loan in the principal amount of $750,000, plus accrued interest thereon, made by a subscriber to Epic prior to the closing of the exchange agreement. Each unit consisted of one share of common stock in the capital of the Company and one transferable share purchase warrant. Each warrant entitles the holder to acquire one share of common stock at a price of $1.02 per warrant share until June 24, 2018.

                              Change of Control

                              In connection with the closing of the exchange agreement, the Company experienced a change of control as four new directors, all of whom were directors of Epic, were appointed to the Board of Directors, all the Company's prior management resigned and were replaced by management nominated by Epic, and former stockholders of Epic were issued shares of common stock that constituted approximately 58.1% of the issued and outstanding shares at the closing. As a result, the acquisition of Epic is being treated as a reverse merger and recapitalization, with Epic as the acquirer, for accounting purposes.

                              Effective as of the closing of the exchange agreement, the Company's board of directors appointed Wayne Riggs, Brian Davidson, Bob Riggs and Zachary Bradford as directors of the company. Paul Medley resigned as the sole director and officer of the Company. Brian Davidson was appointed to the role of President and Chief Executive Officer, Secretary and Treasurer, Zachary Bradford was appointed to the role of Chief Financial Officer, and Bob Riggs was appointed to the role of Chief Operating Officer.

                              Name Change

                              In accordance with the terms of the exchange agreement, the Company's name has been changed from "Be At TV, Inc." to "Epic Stores Corp."

                              The Company's common shares currently trade on the OTC Pink exchange under the Ticker symbol BETVD and are expected to commence trading on the OTC Pink exchange under the ticker symbol "EPSC" at the commencement of trading on September 18, 2015.

                              About Epic Stores Corp.

                              Epic is a second hand goods retailer that operates second hand retail stores in the United States. Based in Phoenix, Arizona, the company offers high quality, on-trend second hand clothing, accessories and household products at affordable prices. As of June 1, 2015, the company employed 232 employees and operated 12 retail stores in four states. Founded in 2010, Epic opened its first retail store in Phoenix, Arizona. Since that time, the company has opened additional stores in Arizona, Nevada, Colorado, and Texas. All of the retail stores sell products directly to consumers. The company also operates a leading wholesale business that supplies used shoes, books and clothing to distributors.

                              Forward-Looking Statements

                              The information in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and words and terms of similar substance in connection with discussions of future operating or financial performance. Examples of forward-looking statements include, but are not limited to, statements regarding: (i) the adequacy of the Company's liquidity to meet its needs for the foreseeable future, (ii) the benefits expected to be recognized in connection with retail and whole sales, (iii) the Company's expectation that the current market conditions will continue. The Company's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. The Company's actual results may vary materially from those expressed or implied in its forward-looking statements. Any forward-looking statement made by the Company speaks only as of the date on which it is made. The Company is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, subsequent events or otherwise.

                              Company Contacts

                              Brian Davidson

                              President and CEO

                              Epic Stores Corp.

                              Tel 623-565-5758

                              Investor Relations

                              Brett Maas

                              Managing Partner

                              Hayden IR

                              Tel (646) 536-7331

                              [email protected]

                              SOURCE: Epic Stores Corp.



                              Copyright 2015 ACCESSWIRE
                              MIMO Thanx great information ......BUT as for me I will just be watching for now. If you can get in and out quickly .....you "MAY" be able to make a few bucks .....BUT is the possible reward worth the risk?
                              I myself was never one for Thrift Shops .....I much prefer "Brand New" Quality merchandise!

                              Comment

                              • Phoenix7
                                Senior Member
                                • Nov 2011
                                • 3663

                                Originally posted by phoenix7 View Post
                                crazy markets but the following stocks have been doing well!

                                1. Epsc folks i received a mailer on this "pumped" stock . The promoters were paid in excess of $1.5 million to pump this stock . If you are very nimble , you may be able to get in and out quickly before the inevitable "dump" and make a few bucks. Warning for gamblers only! Chart: http://www.marketwatch.com/investing/stock/epsc

                                2. Kgilf gold stock http://schrts.co/yjcUxu

                                3. Mktx finance http://finviz.com/quote.ashx?t=mktx&ty=c&ta=1&p=d

                                4. Sbgl super gold stock http://finviz.com/quote.ashx?t=sbgl&ty=c&ta=1&p=d
                                late additions!

                                5. Jbss http://finviz.com/quote.ashx?t=JBSS&ty=c&ta=1&p=d

                                6. Sstk http://finviz.com/quote.ashx?t=SSTK&ty=c&ta=1&p=d

                                7. Watt stock is more speculative! http://finviz.com/quote.ashx?t=WATT&ty=c&ta=1&p=d http://schrts.co/pH3NDr
                                Last edited by Phoenix7; 03-07-2016, 12:22 PM.

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