EPIC's Zhardanovsky on CNBC Power Pitch

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jicked

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Sep 7, 2007
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EPIC founder Alex Zhardanovsky is on CNBC right now for their Power Pitch segment, pitching his company Petflow saying they're doing $50mil a year in sales. Says he "had big exit from one business and into another". :laughing-smiley-007

Did EPIC every pay what they owe?
 


Alex hasn't been at Epic for a while.

Epic didn't pay what they owed. Or file bankruptcy. Or get back to emails. Only real hope is to get a lawyer who can prove that Kinetic Social is a legal successor to Epic - This was brought up in the Essociate vs. Azoogle lawsuit, but the judge eventually threw out the patent infringement claim and did not rule on the Epic/Kinetic argument - https://www.docketalarm.com/cases/W...727/Essociate_Inc._v._Azoogle.com_Inc._et_al/ . My ~$30k owed won't justify spending additional money on legal fees, unless the lawyer works on a contingency basis & has other parties involved.

From http://ia600802.us.archive.org/23/items/gov.uscourts.wiwd.31004/gov.uscourts.wiwd.31004.121.0.pdf -
It is also
unnecessary to address defendants’ laches and equitable estoppel defenses or to determine
whether Social Assets LLC and Does 1-10 may be held liable as successors of Epic Media.
Click to expand...
 
As others have said, Epic was solid while Alex was there. And Petflow is a great idea with great execution that is actually providing some value to people. Don't see any issues.
 
cardine said:
As others have said, Epic was solid while Alex was there. And Petflow is a great idea with great execution that is actually providing some value to people. Don't see any issues.
Click to expand...

Might be a great idea but :

"The company says it has 100,000 active customers, and Zhardanovsky says it’s growing by 10,000 every month. He projects revenue to hit close to $50 million this year.
We are not yet profitable as we continue to invest in both our infrastructure and new customer acquisition, Zhardanovsky told CNBC."

Especially with incoming competition from amazon and such - sounds like either buyout or bust.
 
illyas said:
Might be a great idea but :

"The company says it has 100,000 active customers, and Zhardanovsky says it’s growing by 10,000 every month. He projects revenue to hit close to $50 million this year.
We are not yet profitable as we continue to invest in both our infrastructure and new customer acquisition, Zhardanovsky told CNBC."

Especially with incoming competition from amazon and such - sounds like either buyout or bust.
Click to expand...


Started with a puppy pic, now we here.
 
Alex left Epic before any financial issues came up (= the easy rebill money stopped). I don't blame the guy a single bit for being smart and knowing when to quit and what to do after the exit.
 
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