CHICAGO, IL--(Marketwired - Aug 6, 2013) - Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions, announced today that the Company is moving quickly forward with the Project Human Mobile Power spinoff. Epazz is currently working with a Patent attorney to file for a patent pending status.
Project Human Power is a project to develop a mobile power device that allows iPhone and other smartphone users to power up their phone on the go without needing an outlet or a second battery.
With regard to growth initiatives, Epazz is actively pursuing acquisitions that are already cash flow positive. Over the last 2 years, the Company has completed two acquisitions and is currently in process of completing a third. The strategy going forward is to continue making accretive acquisitions and spin each one off into its own publicly traded company with a dividend being paid to shareholders. Epazz is in negotiations to acquire several other B2B software companies as part of its long-term strategic growth plan to acquire profitable B2B software companies.
Shaun Passley, CEO of Epazz, stated, "We have been working hard on both the business end and the public company end to bring Project Flex, our first spin off project, to fruition. Our Company is at a point now that we can begin announcing things like dates and percentages as well as other significant information. Project Flex and Project Human Power are going to make a big difference to our bottom line and for our shareholders."
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" 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.