EPIC Corporation Inc. announced that the company has received a one time license fee of $1 Million from EPIC's Medicor Corporation for Marketing & Distribution rights of EPIC Fabric Healthcare Products in North America for medical market segments. EPIC received the right to receive the License Payments under a sub license agreement granted to EPIC Medicor Corporation. The License Payments include a one time license fee of $1 Million, 50% of any one time sub-licenses fees granted by EPIC Medicor and a royalty of 10% on all product sales by EPIC Medicor.

EPIC plans to promote the sale of semi-exclusive licenses in other areas for $1,000,000. And are currently negotiating European marketing and distribution rights.