Epazz Signed Purchase Agreement to Acquire Surveillance Software Company; Epazz Expects to Add Over $300,000 to Revenue Stream
September 26 2014 - 8:45AM
InvestorsHub NewsWire
10-Q for Second Quarter Is
in the Process of Being Finalized; Company Expects $300,000 in
Revenue in the First Year
Chicago, IL—September 26, 2014—Epazz, Inc. (OTCPINK:
EPAZ), a leading provider of cloud-based business software
solutions, announced that it has signed a purchase agreement to
acquire a surveillance software company used by US colleges and
universities. This new acquisition is expected to increase Epazz’s
revenue stream by generating $300,000 in recurring revenues during
the first year. Epazz expects to complete the acquisition in the
second quarter.
The surveillance software company was
founded in the 2000s and has a long history of profitability. The
company’s software product is considered to be truly unique. Few
companies in the market offer such an all-encompassing software
suite within their target market, making this move quite strategic
for Epazz’s projected growth.
Epazz CEO Shaun Passley, PhD, noted,
“This acquisition will be immediately accretive to our revenue and
profit streams. It will provide a solid customer base and open up
many opportunities to cross-sell customers on Epazz’s BoxesOS
portal software, DeskFlex room scheduling software, Agent
Power, Nortel workforce management software add-on, Cisco call center software
add-on, Intellisys energy management
software, AutoHire applicant tracking system, K9 Bytes
kennel software, and MS
Health EMR software. With
the synergies of our companies, customers can continue to look
forward to innovative, effective, and efficient software tools
geared to enhancing their business processes.” Epazz is in
negotiations to acquire several other B2B software companies.
Epazz’s actions are 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 BoxesOSTMv3.0 is a complete 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
that organizations would usually buy separately. Epazz’s other
products include Agent Power, a workforce management
software, and
AutoHire, an applicant
tracking system.
SAFE HARBOR
“Safe harbor” statements are protected 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 such terms 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’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 due diligence and 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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