SOURCE: Epazz, Inc.

September 25, 2013 09:45 ET

Epazz Transitioning Into a Holding Company via Acquisitions & Spin-offs Business Model Update

CHICAGO, IL--(Marketwired - Sep 25, 2013) - Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions announces an update on its transition to a holding company today.

Epazz, Inc.'s CEO, Shaun Passley, said, "Our transition to a holding company is well underway. Our ability to identify and close acquisitions that will be immediately beneficial to our cash flow and profitability has enabled us to step up the progress on additional acquisitions. So too, our plan of paying our loyal shareholders dividends of stock in the newly spun off companies make for an attractive investment. The idea of getting paid a dividend for being a shareholder has universal appeal throughout the investment community."

"We are still working toward getting our stock price to a reasonable valuation. Between the short position and the fundings we did last year to facilitate our acquisitions and development of our businesses, our stock price is depressed. We do expect as we continue to close acquisitions and dividends to shareholders are paid out, we believe our stock will increase in price through 2013 and into 2014 and attain a fairer valuation."

Among the highlights of Epazz's development into a holding company in 2013 as well as acquisitions and revenue increases:

  • Board of Directors approves 1-10 dividend to shareholders on Project Flex.
  • Renewed Contract with SEPTA which resulted in $178,220 in revenues.
  • Second spin-off announced with Project Human Power.
  • Signed Letter of Intent to Acquire Content Management Software Company which could potentially add 45% to Epazz's bottom line.

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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