Epazz Announces Company Expects to Achieve in Excess of $2M in Revenue over next 9 Months
CHICAGO, Nov. 27, 2012 /PRNewswire/ -- Epazz Inc., (OTCQB: EPAZ) a leading provider of cloud based business software solutions announced today that results from operations by the Company are expected to yield better than $2M in revenues over the next 9 months. With regard to operating income, as of the second quarter, 2012 Epazz reported $140,742, an increase of 448% over the second quarter in 2011. With regard to revenues, Epazz reported $432,890 for the 3 months ending in June of this year.
Acquisitions of MS Health Software which had $450,000 in unaudited revenue in 2011 and the acquisition of K9 Bytes Software, kennel software are expected to add substantially to Epazz's revenue stream.
Epazz is following a growth strategy which includes organic growth of its current subsidiary companies, diversifying income streams and growth through acquisitions of synergistic companies.
Currently, Epazz is in the process of registering Project Flex with the SEC as its own, new publicly traded company. Project Flex is a new, patent pending technology for cooling systems and which will change the cooling system industry. Epazz will monetize this new technology and this will contribute to Epazz's growing revenue streams.
"We are creating multiple new revenue streams for 2013 to help us meet our objectives," 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 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.
SOURCE Epazz Inc.
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