SOURCE: Epazz, Inc.

July 22, 2014 08:50 ET

Epazz Confirms Convertible Note by IBC Funds LLC Is Paid Off and Sold Off

Epazz Filed 10k; Epazz Will Be Filing the First 10-Q for the First Quarter 2014 in the Coming Days, and the Second 10-Q Soon Thereafter

CHICAGO, IL--(Marketwired - July 22, 2014) - Epazz, Inc. (OTC PINK: EPAZ), a leading provider of cloud-based business software solutions, announced today that the convertible note held by IBC Funds LLC in February 2014 for $314,021.18 has been completed. The note was used to assist the company in financing acquisitions, which will be added to the company's revenue. The company has not received any additional financing from IBC Funds LLC.

Epazz, Inc.'s CEO, Shaun Passley, PhD, said, "We expect with our recent efforts so far this year that the odds are good at this point that we will see a bounce back from an oversold condition with regard to the stock and the rest of 2014 we are hoping will see the stock get back to a more reasonable valuation."

About Epazz, Inc. (

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. Epazz BoxesOS™ v3.0 is the complete business web-based software package for small- to mid-sized businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides many of the web-based applications organizations would have otherwise to buy separately. Epazz's other products are AgentPower™, a workforce-management software, and AutoHire™, an applicant-tracking system.


"Safe Harbor" statement 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 forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe," or "continue" (or the negative 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 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 assumes no obligation and 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. Investors are encouraged to review Epazz's public filings on, including its unaudited and audited financial statements, and its Registration Statement, Form 10-K's and Form 10-Q's, which contain general business information about the Company's operations, results of operations and risks associated with the Company and its operations. Penny stock picks need to be research. Do your homework. Please review all of our filings.

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