Epazz Latest Acquisition Represents Boost of 180 Percent over 2012 Revenues
CHICAGO, April 4, 2013 /PRNewswire via COMTEX/ --
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 the pending acquisition of a Software Technology Solution Company in the Southeastern U.S. would have to boost revenues by 180 percent, if Epazz had owned it throughout 2012. Once this transaction is closed, this will be the second company plan acquisition by Epazz, Inc. this calendar year.
Epazz's management continues to identify acquisition targets and open discussions. This has proven to be a much faster way to grow the Company. "We expect to make 4-5 acquisitions this year alone," said Epazz, Inc.'s CEO, Shaun Passley. "This latest acquisition will provide a solid customer base and it opens up 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(TM)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(TM), a workforce management software and AutoHire(TM), 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.
For more information please contact: Investor Relationsinvestors@epazz.net (312) 955-8161www.epazz.com
SOURCE Epazz, Inc.
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