SOURCE: Epazz, Inc

epazz

March 11, 2015 09:28 ET

Epazz Confirms Convertible Note Is Paid Off and Sold Off

No Reverse Stock Split

CHICAGO, IL--(Marketwired - March 11, 2015) - Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions, announced today that a convertible note which caused the price to drop dramatically has been paid off. The company has not received and is not seeking any additional financing from the note holder. The company will not do a reverse stock split unless the company needs to do so to qualify for a national stock exchange. 

Epazz, Inc.'s CEO, Shaun Passley, Ph.D., said, "The convertible note is gone. The note holder has no more shares and the note is paid off. We will not work with them again. We expect with our recent efforts that were done so far this year that the odds are good at this point that we will see a bounce back from an oversold condition and we are hoping will see the stock get back to a more reasonable valuation."

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

SAFE HARBOR

"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 SEC.gov, 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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