CHICAGO, April 9, 2013 /PRNewswire/ -- Epazz, Inc. (OTCQB:
EPAZ), a leading provider of cloud based business software
solutions recently announced a 50 percent boost in revenues in the
third quarter announced today that financial guidance for investors
in 2013 and beyond is being revised upward given latest
projections. The Company is in the process of closing two
acquisitions and is currently in discussions with new acquisition
targets. Additionally, Project Flex is expected to provide a
substantial revenue stream for the Company.
Epazz, Inc., announced that in the most recent quarter, Epazz
reported a 50 percent and 32.5 percent increase in revenues
respectively for the nine month period ending 30 September, 2012. Epazz, Inc. reported revenue
of $856,248 versus revenue of
$646,023 for the same period in 2011.
Additionally, the Company's Asset value grew by 38% to $1,425,248 during the nine month period ending on
September 30, 2012. Epazz also
announced a 300 percent increase in its client base in 2012 and
expects those numbers to continue to climb and that with the
pending acquisitions expects revenues to double in 2013.
Epazz's management continues discussions with synergistic and
profitable companies that would immediately boost Epazz's revenue
stream. The Company is well on track to complete 4-5 acquisitions
in 2013.
"Not only will acquisitions boost our numbers but substantially
increase our customer base across the board," said Epazz, Inc.'s
CEO, Shaun Passley. "We are looking
for companies whose business model with allow us many opportunities
to cross sell customers on Epazz's BoxesOS portal software,
DeskFlex room scheduling software, Agent Power workforce management
software, Intellisys energy management software, AutoHire applicant
tracking system, K9 Bytes kennel software and MS Health social
services 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."
The latest acquisition target was founded in 1990s and has a
significant history of positive cash flow and profitability through
a unique set of products in a niche market. This represents a
substantially strategic move on the part of Epazz, Inc.'s
management given the few competitors that exist in the target
company's marketplace.
Epazz, Inc. is in negotiations to acquire several other B2B
software companies. Epazz, Inc.'s action is a clear reflection of
its long term strategic growth plan to acquire profitable B2B
software companies.
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.
For more information please contact:
Investor Relations
investors@epazz.net
(312) 955-8161
www.epazz.com
SOURCE Epazz, Inc.