Epazz's First International Acquisition Is in Europe; Epazz Is Close to Completion; The Target Company's Revenue Have Increas...
June 18 2014 - 8:50AM
Marketwired
Epazz's First International Acquisition Is in Europe; Epazz Is
Close to Completion; The Target Company's Revenue Have Increased by
300 Percent
The Company Expects That Its 10-K Will Be Filed Late This Week
or Early Next Week
CHICAGO, IL--(Marketwired - Jun 18, 2014) - Epazz, Inc. (OTC
Pink: EPAZ) (PINKSHEETS: EPAZ), a leading provider of cloud-based
business software solutions, announced that the company is close to
completing its first international acquisition in Europe. The
company hired a European law firm to handle the acquisition.
Epazz's first international acquisition is expected to provide
substantial growth to the company's revenue stream in the first
year.
The company expects that its 10-K will be filed late this week
or early next week. The accountants are also working on the first
10-Q, which will be filed shortly after the 10-K to get the company
current.
The target company was founded in the 2000s, and its revenues
have increased by 300 percent over the past few years. There are
few competitors presently in the market offering such an
all-encompassing suite of software within the target market, making
this move quite strategic in Epazz, Inc.'s projected growth.
"We believed it would be some time before we acquired our first
international acquisition. However, this acquisition has helped us
understand the process of acquiring a company overseas. It is
critical for us to do it correctly as there are many other
international acquisitions available. The key is to have a process
that works."
During the past six years, Epazz has acquired DeskFlex room
scheduling software, Professional Resource Management call center
software, the Autohire application tracking system, Intellisys
energy management software, K9 Bytes, kennel software, and MS Health social services
software. The company has a track record of being able to complete
acquisitions.
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 a complete business web-based
software package for small to midsized businesses, Fortune 500
enterprises, government agencies, and higher education
institutions. BoxesOS provides many of the web-based applications
that organizations would otherwise have to buy separately. Epazz,
Inc.'s other products include AgentPower, a workforce management
software, and AutoHire, an applicant tracking system.
SAFE HARBOR
The 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, 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-Ks and Form 10-Qs, 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.
CONTACT: Epazz, Inc. Investor Relations investors@epazz.net
(312) 955-8161
www.epazz.com
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