Epazz Is the Fifth Most Shorted OTC Stock by Volume According to OTCShortReport.com
May 29 2014 - 8:51AM
Marketwired
Epazz Is the Fifth Most Shorted OTC Stock by Volume According to
OTCShortReport.com
Epazz Reaches Over 900 Million Total Shares Shorted During May
2014
CHICAGO, IL--(Marketwired - May 29, 2014) - Epazz, Inc. (OTC
Pink: EPAZ) (PINKSHEETS: EPAZ) (the "Company"), a leading provider
of cloud based business software solutions, today reports the
Company's awareness of shareholders' frustrations with the
performance of the Company's stock over the last few months.
Notably, there is data reported by OTCShortReport.com that leads to
the possibility that over 900 million shares have been shorted in
the month of May alone.
To view the short selling report on EPAZ, visit
http://dtg.fm/epaz-short-selling
Short selling is the sale of a security that is not owned by a
seller, or that a seller has borrowed. Covering shorts refers to
the purchase of the exact same security that was initially sold
short. Short selling is motivated by the belief that a security's
price will decline, enabling a shorted security to be "covered" at
a lower price creating a profit.
At some point all (non-naked) short positions must be
covered. In the event the shorts are required to cover their
positions (i.e., close an open short position) and the volume of a
company's securities is limited, there is the potential that the
price of the stock will increase with the increase in demand caused
by the short covering (also known as a "short squeeze").
The Company would like to remind shareholders the Company is
continuing to work to increase its revenues and expand its
operations. Additionally, the Company is currently working to
complete its financial statements to file its deficient reports
with the Securities and Exchange Commission.
The Company cannot confirm and makes no representations
whatsoever regarding the information and data set forth at
OTCShortReport.com.
Epazz, Inc.'s CEO, Shaun Passley, Ph.D., said, "We are working
to grow the Company and continue to increase our revenues."
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.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this press release are
"forward-looking statements". 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.
For more information please contact: Investor Relations
investors@epazz.net (312) 955-8161 www.epazz.com
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