Epazz Signs Purchase Agreement to Acquire Audit Compliance Software Company; Expects to Add $500,000 to Revenue Stream
May 14 2014 - 8:48AM
Marketwired
Epazz Signs Purchase Agreement to Acquire Audit Compliance Software
Company; Expects to Add $500,000 to Revenue Stream
CHICAGO, IL--(Marketwired - May 14, 2014) - Epazz, Inc. (OTC
Pink: EPAZ) (PINKSHEETS: EPAZ), a leading provider of cloud based
business software solutions announced that the Company has signed a
purchase agreement to acquire an Audit Compliance Software Company
in the Midwest U.S. This new acquisition is expected to provide
substantial growth to Epazz's revenue stream by bringing in
$500,000 in revenues in the first year. The unaudited revenues
for 2013 were over $500,000.
The target company was founded in 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, Ph.D., 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: Investor Relations
investors@epazz.net (312) 955-8161 www.epazz.com
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