CHICAGO, IL--(Marketwired - Jul 16, 2013) - Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions announced today that the Company is effectively transitioning to a holding company. The key concept with the holding company is that businesses are acquired, developed and spun off with a dividend being paid to shareholders. At this time, Epazz, Inc. has multiple spin-offs and stock dividends in the process of being brought to completion. Upcoming announcements will detail the first spin-off and will name the second spin-off.
The company will be acquiring additional software companies to help grow our revenues and assets for a possible listing on a senior stock exchange.
Asset value is a key ingredient for listing on a senior stock exchange. For the year ended December 31, 2012 we had assets of $1,378,030 compared to assets of $1,035,222 for the year ended December 31, 2011, an increase of $342,808 or 33% from the prior period. Through acquisitions, Epazz management expects a similar or greater rate of growth through 2013 and beyond.
Epazz, Inc.'s CEO, Shaun Passley, said, "The holding company model is the best way to reward shareholders of our Company. We are aggressively pursuing additional acquisitions and have several spin-offs which we are working on and expect to begin announcing as early as this week. We are cleaning up the balance sheet and continuing to grow at the same time. I expect the remainder of 2013 and into 2014 to be a good time for shareholders of EPAZ."
Epazz, Inc., a leading provider of cloud based business software solutions announced that for the year ended December 31, 2012 we had revenue of $1,193,217 compared to revenue of $735,972 for the year ended December 31, 2011, an increase of $457,245 or 62% from the prior period. The increase in revenues is mainly attributable to the sales generated by our newly acquired subsidiaries. Epazz also announced a 300 percent increase in its client base in 2012 and expects those numbers to continue to climb and that with the pending acquisitions expects revenues to double in 2013. Finally, Epazz reported that Project Flex, which is a patent pending new technology that will change the way cooling technology is used has passed all beta tests and is at the next stage which will lead to a spin-off of the new Company with a dividend being paid to 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 MSHealth™, a behavioral healthcare software and DeskFlex™, a room scheduling software.
"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.