Epazz Expects to Add 30% Increase to Recurring Revenue Stream; Signs Letter of Intent to Acquire Software Company Used by Col...
February 27 2014 - 8:35AM
Marketwired
Epazz Expects to Add 30% Increase to Recurring Revenue Stream;
Signs Letter of Intent to Acquire Software Company Used by Colleges
CHICAGO, IL--(Marketwired - Feb 27, 2014) - Epazz, Inc. (OTCQB:
EPAZ), a leading provider of cloud-based business software
solutions, announced that the Company has signed a letter of intent
to acquire a software company used by colleges in Midwestern U.S.
This new acquisition is expected to provide substantial growth to
Epazz's revenue stream by generating a 30% increase in recurring
revenues in the first year.
The target company was founded in the 2000s and has a long
history of positive cash flow and profitability. The software
product is considered to be truly unique. There are few competitors
presently in the market offering such an all-encompassing suite of
software within their target market, making this move quite
strategic in Epazz, Inc.'s projected growth.
Epazz has been increasing its global distribution channels and
continues to search for suitable acquisitions. Epazz, Inc. CEO
Shaun Passley noted, "This acquisition will be immediately
accretive to our revenue and profit stream. It will provide a solid
customer base, and it opens up many opportunities to cross-sell
customers on Epazz's BoxesOS portal software, DeskFlex room
scheduling software, Agent Power, nortel workforce management
software add-on as well as a cisco call center software add-on.
Intellisys energy management software, AutoHire applicant tracking
system, K9 Bytes kennel software and MS Health emr software. With
the synergies of our companies, 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.'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
that organizations would have to otherwise buy separately. Epazz,
Inc.'s other products include 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," "continue," or the negatives
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 from
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,
Inc. 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, Inc. Investors are encouraged to review Epazz, Inc.'s
public filings on SEC.gov, including its unaudited and audited
financial statements, Registration Statement, and Form 10-K's and
Form 10-Q's, which contain general business information about the
Company's operations as well as results of operations and risks
associated with the Company and its operations. Penny stock picks
need to be researched. Please do your homework and review all of
our filings.
For more information please contact: Investor Relations
investors@epazz.net (312) 955-8161 www.epazz.com
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