SOURCE: Epazz, Inc.

Epazz, Inc.

October 05, 2010 10:00 ET

Epazz, Inc. Signs Letter of Intent to Acquire Human Resource Software Company

CHICAGO, IL--(Marketwire - October 5, 2010) - Epazz, Inc. (OTCBB: EPAZ) announced today that it has signed a nonbinding Letter of Intent to acquire a well-established human resource software company based in Florida.

The ongoing increase in the global distribution channels and the continued search for suitable acquisitions are intrinsic in the Epazz, Inc. way of doing business. The target company was founded in 2002 and has a long history of positive cash flow and profitability. The software product is considered to be truly unique and there are few competitors presently in the market offering such an all-encompassing suite of software within their target market thereby making this move quite strategic in Epazz, Inc.'s projected growth.

Epazz, Inc.'s CEO, Shaun Passley, noted, "This acquisition provides a solid customer base of Fortune 500 companies which opens up many opportunities to cross sell customers on Epazz's BoxesOS portal software, DeskFlex room scheduling software and Agent Power workforce management software. With the synergies of our companies the customers can continue to look forward to innovative, effective and efficient software tools geared to enhancing their business process."

Epazz, Inc. is in negotiations to acquire several other B2B software companies. Epazz, Inc. has not entered into any Letters of Intent for the purchase of such companies and these future acquisitions will be dependent on several factors, including the company's ability to raise additional capital, of which there can be no assurance. Epazz, Inc.'s action is a clear reflection of its long term strategic growth plan to acquire profitable B2B software companies.

About Epazz, Inc.

Epazz, Inc. is an enterprise-wide software company that specializes in providing customized web applications to the corporate world, higher education institutions and the public sector. Epazz, Inc. has two fully owned subsidiaries in DeskFlex, Inc. and Professional Resources Management.

Epazz BoxesOSv3.0 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 buy separately. 

BoxesOS allows for employees to view announcements online. Employees are able to share documents from multiple locations throughout the world. With BoxesOS employees are able to take training courses and their supervisors are able to view the results online. Companies are able to create self-service portals for their customers to pay for their invoice and download instructions. Companies can also create self-service portals for their partners to request new marketing materials or view a demo. BoxesOS connects to companies' databases to easily bring all of their information together.

BoxesOS includes an intranet, portal, extranet, central knowledge repository, document management, workflow engine, website management, web collaboration, email system, and learning management system into one complete web-based solution which connects to organizations' backend systems.

BoxesOS allows the organization to start-up by implementing elegant web-enabled information dashboards for each stakeholder group. Functionality with administrative systems can be swiftly completed using BoxesOS connectors to other back-end systems. Business applications that require upgrading can be upgraded on a prioritized basis as desired, and easily linked to BoxesOS and its personal information 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. Epazz could be a good penny stock picks, but please visit our website and do your research.

Contact Information

  • For more information please contact:
    Epazz, Inc.
    Investor Relations
    (312) 955-8161