SOURCE: Epazz, Inc.

October 22, 2014 08:40 ET

Epazz Reports 21 Percent Increase in Revenues for First Half of 2014; Epazz Will Be Uplisting to the OTCQB Before the End of the Month

Spin-Off Update: Epazz Will Be Filing the Document to Allow FlexFridge, Inc. Shares to Trade

CHICAGO, IL--(Marketwired - Oct 22, 2014) - Epazz Inc. (OTC Pink: EPAZD) (PINKSHEETS: EPAZD), a leading provider of cloud-based business software solutions, announced today that it has reported revenue of $580,077 for the first half of 2014, compared to revenue of $487,129 for the first half of 2013, an increase of $92,948 or 21% from the comparative period. The company will be uplisting to the OTCQB before the end of the month. Also, the company will be moving forward with completing the necessary paperwork to allow FlexFridge shares to trade in the market.

"The company is current with its financials. The financials show growth in our revenues. It does not reflect all of the revenue being generated from our new revenue streams. It will take time for the revenue to be reported in our filings. Epazz being uplisting to the OTCQB will help the company attract moving acquisition candidates. It is important to our growth strategy. Also we are working on third quarter 10-Q. After we filed the third quarter 10Q, we will be filing the documents needed for FlexFridge shares to trade in the market. FlexFridge is the first of many spin-offs the company is planning," says 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 that 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 results 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, 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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