Epazz Confirms: Convertible Notes by Asher Enterprises Are Paid Off and Sold Off
May 22 2014 - 8:50AM
Marketwired
Epazz Confirms: Convertible Notes by Asher Enterprises Are Paid Off
and Sold Off
Epazz, Inc. Is Working With Its Auditor to File 10k and 10q to
Become Current on Its Financials; The Company Expects to File These
in the Coming Days
CHICAGO, IL--(Marketwired - May 22, 2014) - Epazz, Inc. (OTC
Pink: EPAZ) (PINKSHEETS: EPAZ), a leading provider of cloud-based
business software solutions, announced today that the convertible
notes held by Asher Enterprises, Inc. in August 2013 for $53,000,
and in September 2013 for $42,500, has been completed. The notes
were used to assist the company in financing its acquisitions,
which will increase the company's revenue. The company has not
received and does not seek any additional financing from Asher
Enterprises, Inc.
Epazz, Inc. is working with its auditors to file 10k and 10q to
become current on its financials, which will allow it to become
current and announce its major news.
Epazz, Inc.'s CEO, Shaun Passley, Ph.D., stated, "The funding
tranche we did last year have concluded as of now. All stock sales
with regard to this funding are complete. We expect with our recent
efforts that were done so far this year that the odds are good at
this point that we will see a bounce back from an oversold
condition with regard to the stock and the rest of 2014 we are
hoping will see the stock get back to a more reasonable
valuation."
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-sized businesses, Fortune 500
enterprises, government agencies, and higher-education
institutions. BoxesOS provides many of the web-based applications
that organizations would otherwise have to purchase separately.
Epazz'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," 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.com (312) 955-8161
www.epazz.com
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