SOURCE: Epazz, Inc

epazz

November 04, 2014 08:15 ET

Epazz Completes Acquisition of Strand, Inc., Surveillance Software Company, Expects to Add Over $300,000 to Revenue Stream

CHICAGO, IL--(Marketwired - November 04, 2014) - Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud-based business software solutions, announced that it has completed the acquisition of Strand, Inc. a surveillance software company used by US colleges and universities. This new acquisition is expected to increase Epazz's revenue stream by generating $300,000 in recurring revenues during the first year.

Strand's surveillance management system is a "lean client," which designates the server for a majority of the data processing. This setup ensures stability in the surveillance system, and allows users to control their system from any location in the world without having to download client software.

Strand, Inc. was founded in the 2000s and has a long history of profitability. The company's software product is considered to be truly unique. Few companies in the market offer such an all-encompassing software suite within their target market, making this move quite strategic for Epazz's projected growth.

Epazz CEO Shaun Passley, PhD, noted, "This acquisition will be immediately accretive to our revenue and profit streams. It will provide a solid customer base and open up many opportunities to cross-sell customers on Epazz's BoxesOS."

About Epazz, Inc. (www.epazz.com)

Epazz, Inc., is a leading cloud-based software company that specializes in providing customized cloud applications to the corporate world, higher education institutions, and the public sector.

SAFE HARBOR

"Safe harbor" statements are protected under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the use of such terms as "may," "expect," "intend," "estimate," "anticipate," "believe," "continue," or the negatives thereof or similar terminology. Such forward-looking statements are subject to risk, uncertainties, and other factors that could cause actual results to differ materially from future results or from results implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc., assumes no obligation, does not intend to update these forward-looking statements, and takes no obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged to review Epazz's public filings on SEC.gov, including its unaudited and audited financial statements, Registration Statement, and Form 10-Ks and Form 10-Qs, which contain general business information about the Company's operations as well as results of operations and risks associated with the Company and its operations.

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