Ahhh, I see now.
In summary:
Option 1: upgrade to V1.5 and keep using existing PRC files, ignore ePub
Option 2: upgrade to V2 and use Calibre software to convert PRC to ePub
thanks to everyone for the tips
I decided to go with V1.5 and install Calibre to try it out. When ePub support matures and becomes solid (future upgrade) then I may move up to ePub and convert as needed.
Again much appreciate help