SOURCE: Epazz, Inc.

September 25, 2014 09:18 ET

Epazz Files First-Quarter 10-Q: Reports 21 Percent Increase in Revenues for First Quarter of 2014; Second-Quarter 10-Q in Process of Being Finalized

CHICAGO, IL--(Marketwired - Sep 25, 2014) - Epazz Inc., (PINKSHEETS: EPAZ) a leading provider of cloud-based business software solutions, announced today that it has filed the 10-Q for three months ending March 31, 2014, and it has reported an increase in revenue of $252,552, compared to revenue of $208,010 for the three months ending March 31, 2013, an increase of $44,542 or 21% from the comparative period. Also the company is preparing to file the 10-Q for the quarter ending June 30, 2014. The Second-Quarter 10-Q is in the process of going through EDGARization and XBRL formatting. Once the second-quarter 10-Q is filed, the company will be current with its financials.

"The recent growth in 2014 meant that the company had to hire a third-party valuation firm to allocate assets, which affects the first and second-quarter balance sheets. Now that the valuations are complete, we are able to file our 10-Qs and will become current on our financials," said Shaun Passley, PhD, CEO of Epazz, Inc.

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 web-based business 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 to otherwise buy separately. Epazz's other products are AgentPower™, a workforce management software, and AutoHire™, an applicant tracking system.

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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 are 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-Ks and Form 10-Qs, 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 researched. Do your homework. Please review all of our filings.

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