Series Portfolios Trust Subvers (BATS:PUNK)

SAN CLEMENTE, Calif., Aug. 8, 2012 /PRNewswire/ -- ePunk, Inc. (PINK SHEETS: PUNK.PK), a distributor of power sports products, accessories and related services through CountyImports.com, today announced that its board of directors has approved a resolution authorizing the cancellation of 9,870,000 shares collectively owned by its CEO, Jesse Gonzales, its CFO and President, Justin Dornan, and a former director.

Mr. Gonzales said that "This surrender of the shares owned by key management personnel and a former director is one of a number of initiatives that we are undertaking to improve the overall capital structure of ePunk, Inc. Our focus remains on building shareholder value for our investors.  We will look forward to providing further updates relating to corporate strategy in weeks to come."

Prior to cancellation of the shares, and as of the date of this release, there are 32,169,917.