SOURCE: Epazz, Inc.

September 09, 2013 09:00 ET

Epazz Files Articles of Amendments on Its Subsidiaries as Part of Its Transition Plan to Become a Holding Company

Epazz Transitioning to a Holding Company via Acquisitions & Spin-Offs Business Model

CHICAGO, IL--(Marketwired - Sep 9, 2013) - Epazz, Inc. (OTCBB: EPAZ), (OTCQB: EPAZ) a leading provider of cloud based business software solutions announced that the Company is effectively transitioning to a holding company with the filing of articles of amendments on its Subsidiaries.

"We are making the necessary changes to become a holding company. We will be incorporating new companies in the coming weeks," said Shaun Passley, CEO of Epazz, Inc.

The company will be acquiring additional software companies to help grow our revenues and assets for a possible listing on stock exchange.

The record date for Project Flex Spin-off is September 15, 2013. In order to receive the stock dividend the shareholders need to have the share settle three days prior to the record date.

Only Shareholders of record date will receive the dividend. The Company approved a 1-10 stock dividend for shareholders of EPAZ. The spin-off of Project Flex will be above $0.01 per share. For each 10 shares of EPAZ common stock that a shareholder owns, the shareholder will receive 1 share of stock in the new Project Flex spinoff.

About Epazz, Inc.

Epazz Inc. specializes in cloud based business software solutions that provide excellence in web-based applications for government, higher education, and the private sector. With already held subsidiaries such as DeskFlex, Inc., Professional Resources Management, Inc., Intellisys Inc., and Autohire, Epazz will now be able to offer comprehensive businesses cloud software solutions and services to companies of every size.

"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 result 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. Epazz could be a good penny stock pick, but please visit our website and do your research.

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