Epazz Expects to Add Over 50% to Revenue Stream; Signs Letter of Intent to Acquire Medical Billing Software Company
April 11 2014 - 8:35AM
Marketwired
Epazz Expects to Add Over 50% to Revenue Stream; Signs Letter of
Intent to Acquire Medical Billing Software Company
New Acquisition Immediately Accretive; Company Expects $600,000
in Revenue the First Year
CHICAGO, IL--(Marketwired - Apr 11, 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 Medical Billing Software Company in the West U.S. This
new acquisition is expected to provide substantial growth to
Epazz's revenue stream by bringing in $600,000 in revenues in the
first year. The unaudited revenues for 2013 were over
$600,000.
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 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 has been increasing its global distribution channels and
continues to search for suitable acquisitions. Epazz, Inc.'s 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 workforce management software,
Intellisys energy management software, AutoHire applicant tracking
system, K9 Bytes kennel software and MS Health emr 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.'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: Epazz, Inc. Investor
Relations investors@epazz.net (312) 955-8161
www.epazz.com
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