Epazz Has Secured Financing to Acquire College Software Company; Epazz Expects to Add Over $300,000 to Revenue Stream & Expec...
June 05 2014 - 7:50AM
Marketwired
Epazz Has Secured Financing to Acquire College Software Company;
Epazz Expects to Add Over $300,000 to Revenue Stream and Expects to
Close in the Second Quarter
New Acquisition Immediately Accretive; Company Expects $300,000
in Revenue in the First Year
CHICAGO, IL--(Marketwired - Jun 5, 2014) - Epazz, Inc. (OTC
Pink: EPAZ) (PINKSHEETS: EPAZ), a leading provider of cloud-based
business software solutions, announced that the Company has secured
financing to acquire a software company used by Midwestern U.S.
colleges and universities. No common shares will be issued from
this financing. 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 target company was founded in the 2000s and has a long
history of profitability. The company's software product is
considered to be truly unique. There are few companies in the
market that offer such an all-encompassing software suite within
their target market, making this move quite strategic for Epazz's
projected growth.
Epazz has been increasing its global distribution channels and
continues to search for suitable acquisitions. 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, and 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 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 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
AgentPower, 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
Epazz (PK) (USOTC:EPAZ)
Historical Stock Chart
From Apr 2024 to May 2024
Epazz (PK) (USOTC:EPAZ)
Historical Stock Chart
From May 2023 to May 2024