CHICAGO, April 9, 2013 /PRNewswire/ -- Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions recently announced a 50 percent boost in revenues in the third quarter announced today that financial guidance for investors in 2013 and beyond is being revised upward given latest projections. The Company is in the process of closing two acquisitions and is currently in discussions with new acquisition targets. Additionally, Project Flex is expected to provide a substantial revenue stream for the Company.
Epazz, Inc., announced that in the most recent quarter, Epazz reported a 50 percent and 32.5 percent increase in revenues respectively for the nine month period ending 30 September, 2012. Epazz, Inc. reported revenue of $856,248 versus revenue of $646,023 for the same period in 2011. Additionally, the Company's Asset value grew by 38% to $1,425,248 during the nine month period ending on September 30, 2012. 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.
Epazz's management continues discussions with synergistic and profitable companies that would immediately boost Epazz's revenue stream. The Company is well on track to complete 4-5 acquisitions in 2013.
"Not only will acquisitions boost our numbers but substantially increase our customer base across the board," said Epazz, Inc.'s CEO, Shaun Passley. "We are looking for companies whose business model with allow us many opportunities to cross sell customers on Epazz's BoxesOS portal software, DeskFlex room scheduling software, Agent Power workforce management software, Intellisys energy management software, AutoHire applicant tracking system, K9 Bytes kennel software and MS Health social services software. With the synergies of our companies the customers can continue to look forward to innovative, effective and efficient software tools geared to enhancing their business process."
The latest acquisition target was founded in 1990s and has a significant history of positive cash flow and profitability through a unique set of products in a niche market. This represents a substantially strategic move on the part of Epazz, Inc.'s management given the few competitors that exist in the target company's marketplace.
Epazz, Inc. is in negotiations to acquire several other B2B software companies. Epazz, Inc.'s action is a clear reflection of its long term strategic growth plan to acquire profitable B2B software companies.
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 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.