CHICAGO, Jan. 25, 2013 /PRNewswire/ -- Epazz Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions, announced today that its maintenance contracts renewal rates for Intellisys Software are well over the 90% level and is positioned to continue at this pace. Intellisys software continues to receive positive responses on our support and customization IT consulting services.
Renewal rate conversion is an important factor in Epazz's aggressive growth model. With over 90 percent, this contributes strongly to Company revenues and is expected to do so for the foreseeable future.
"We expected to continue a high renewal rate for Intellisys Software but better than 90 percent is an exceptional rate. Getting high renewal rates from our clients and customers combined with our growth strategy going forward will continue to increase our revenues," said Shaun Passley, CEO of Epazz, Inc.
"As mentioned in the previous news release, we are close to announcing more growth initiatives and expect to be able to update shareholders in the near future," Passley concluded.
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.
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Software as a service, secure cloud computing, and networked application options
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"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 result 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 are 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. Epazz could be a good penny stock pick, but please visit our website and do your research.
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SOURCE Epazz Inc.