Epazz Reports Positive EBITDA of $26, 613 for third quarter of 2014; Epazz Decreases its Operating Expenses by 32 percent
January 07 2015 - 08:40AM
InvestorsHub NewsWire
Chicago, IL - January 7, 2015 - InvestorsHub NewsWire
- Epazz, Inc. (OTCQB:
EPAZ), a leading provider of cloud-based business software
solutions, announced today that it has
reported positive EBITDA of $26,613, compared to negative EBITDA of
$384,078 for the three months ending September 30, 2014, an
increase of $410,691 or 106% from the comparative period. Also the
company has reported a decrease in operating expenses for the three
months ending September 30, 2014 of $192,566 or 32% from the
comparative period.
The company has been making improvements
in operations during 2014 which is starting to show the third
quarter. The company has been consolidating services and operations
of our subsidiaries into our Chicago operations allowing for cost
savings. The company is then reinvesting our savings back into the
company’s operations allowing for additional long-term cost
savings.
“We are
increasing our revenues and decreasing our costs, thereby creating
a positive EBIDTA. We believe we had a good year in
2014,” says Shaun Passley, PhD,
CEO of Epazz, Inc.
About Epazz, Inc.
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
web-based business software package for small- to midsized
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; AutoHire™, an applicant tracking system;
and Cynergy, help desk software.
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 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 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 are 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-Ks, and Form 10-Qs, 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
researched. Do your homework. Please review all of our
filings.
For more information please contact:
Epazz Inc.
Investor Relations
investors@epazz.net
(312) 955-8161
www.epazz.com/investors.aspx
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