CHICAGO, IL--(Marketwired - Jul 25, 2013) - Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions, announced today that it has been working on a new product called "Human Power." Project Human Power is a new mobile power device. The product is not directly in line with Epazz's core business. Therefore, management believes it is a great opportunity to be the second Epazz spin-off. The company is using the Project Flex spin-off as a learning experience on how to spin-off companies. Project Human Power spin-off will occur after Project Flex.
Project Human Power is a project to develop a mobile power device, which allows I-Phone and other smart phone users to power up their product on the go without needing an outlet or a second battery.
"We believe Project Human Power represents a great opportunity to add value to our shareholders as well as provide an incentive for shareholders to stay with the company for the long term with the knowledge many more spin-offs will come in the future. Epazz's spin-offs will give our shareholders opportunities to receive more stock through stock dividends of spin-off companies," said Shaun Passley, 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 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 DeskFlex™, a room scheduling software and AutoHire™, an applicant tracking system.
For more information, visit www.epazz.com
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.