CHICAGO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Epazz, Inc. (EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the company will launch a social media and workflow blockchain app using its Proprietary Blockchain Storage technology, which was initially created for the Cordtell project. One of Cordtell’s core features is blockchain storage technology that retrieves data from the blockchain, allowing users to view the data on their mobile devices. This technology was included in the Blockchain Smart Contract provisional patent.
The company believes this is a major opportunity to expand the block storage technology into other blockchain mobile apps, and also believes it will be able to file additional patents for related operations. This core feature is in the final development stage. The company will be releasing this application before the end of the second quarter of 2018.
The company will announce the name of the social media and workflow blockchain app and its website in the future. The business model for the app will be free—for limited uses—for consumers, with ads and in-application purchase options for additional features. For businesses, the app will offer a workflow service, which will have an approval layer to send, receive, and broadcast data within an organization. Businesses will be able to use the workflow service for a monthly fee.
“We are taking features of Cordtell that are in the final stages of development and releasing them into separate applications to monetize the technology. We believe there are several more applications that could be created based on our proprietary technology,” said Shaun Passley, PhD, chairman, and CEO of Epazz, Inc.
About Cordtell (www.cordtell.com)
Cordtell reduces fraud in business transactional contracts. The technology allows for a transactional contract to become a living contract that is tracked and traced; it also verifies that a section of terms within a contract are followed and that all parties of an agreement obey the terms of the contract.
Cordtell, which is under development, automatically verifies signatures, distributes the contract to the blockchain, records the transaction and verifies the terms are being followed via our blockchain apps, which also trace any changes. The technology sends reminders, and tracks payments and delivery of items. The technology will work with Microsoft Word and Google Docs to provide real-time contract edits and updates via version control. The company will primarily market the technology to law firms, health care providers, businesses and governments.
If you would like to receive updates on Cordtell, visit www.cordtell.com
About Epazz, Inc. (www.epazz.com)
Epazz, Inc. specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software, with more than 500 repeat customers. The new Bitcoin Mobile app is a financial technology company that offers unique software that allows consumers to acquire Bitcoin at the point of sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease. Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired 11 software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz technology. Epazz then markets the new cloud-based solutions to new and existing customers.
“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 can generally be identified by their use of forward-looking terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those 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 and has no intention of updating these forward-looking statements, and it has 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, Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.