TORONTO, March 3, 2014 (GLOBE NEWSWIRE) -- Epcylon Technologies, Inc. (OTCBB:PRFC) ("Epcylon" or the "Company") is very pleased to announce that the company has entered into an MOU for USD Two Million (USD $2,000,000) for the company to qualify to file and upgrade to the OTCQX exchange. The $2,000,000 captial contribution enables the Company to meet the OTCQX requirement of net tangible assets of $2,000,000. The agreement was entered into between the Company and a related Third Party, which will be held in a restricted account and subject to an account management agreement between the parties.
"This is a significant event for Epcylon," states Todd Halpern, Chairman of Epcylon. "Upgrading to the OTCQX gives more credibility and visibility for Epcylon, both in North American markets as well as internationally."
Cato Kemmler, President of Epcylon, is equally excited: "As Epcylon continues to pursue its rebranding and core strategies, this type of financial support continues to significantly enhance the financial stability of our company, as well as continuing to add value for our shareholders."
About the OTCQX:
The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter (OTC) market, providing investors with an objective measure to distinguish the best OTC-traded companies. Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their investors a level of marketplace services formerly available only on a U.S. exchange.
About Epcylon Technologies, Inc.
Epcylon Technologies, Inc. invests and operates across a wide variety of industry sectors in four divisions. The Theta division specializes in the field of cross-border technology transfer by identifying suitable market verticals. The Rho division develops interactive software for use by charitable organizations and government regulated lotteries through its MOBI branded products. Under Omega SmartBuild Americas, expert knowledge in energy-efficient building envelopes is used to provide sustainable circular economy solutions within the green tech industry. The Omikron division is involved in the development of proprietary algorithmic trading systems with its Stealth brand of products, and combines all of these technologies with innovative white label financial products.
For more information, please visit: http://www.epcylon.com
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Epcylon Technologies Inc., please refer to its website at http://www.epcylon.com
CONTACT: Media Relations Epcylon Technologies, Inc. 131 Bloor St. W., Suite 200/372 Toronto, Ontario Canada MS5 1R8 Phone +1-416-479-0880Source:Epcylon Technologies, Inc.