Epazz Signs Purchase Agreement to Acquire Medical Billing Software Company; Expects to Add $700,000 to Revenue Stream
January 06 2015 - 08:32AM
InvestorsHub NewsWire
Chicago, IL - January 6, 2015 - InvestorsHub NewsWire -
Epazz, Inc. (OTCQB:
EPAZ), a leading provider of cloud based business software
solutions announced that the Company has signed a purchase
agreement to acquire a Medical Billing Software Company in the West
U.S. This new acquisition is expected to provide substantial growth
to Epazz’s revenue stream by bringing in $700,000 in revenues in
the first year. The unaudited revenues for 2014 were over
$700,000. This is Epazz’s largest acquisition to date.
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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