Epazz: Convertible Notes Paid Off and Sold
Off
Marketwire "Press
Releases"
CHICAGO, IL -- (Marketwired) --
07/10/13 --
Epazz,
Inc. (OTCQB: EPAZ), a leading provider of cloud based
business software solutions, announced today that the convertible notes
in
October 2012 through
December 2012 have
been concluded.
Epazz, Inc.
has not entered into any convertible notes with the note holder. The
note holder does not have any notes or shares with
Epazz,
Inc. Our public float remains less than 11% of the total
outstanding shares, which compared to similar OTCQB companies is
relevantly low.
Cooling Technology Solutions, Inc. (Project Flex) planned spinoff will
not be affected by the convertible notes.
Downward pressure has pushed the stock to unprecedented levels.
Epazz, Inc.'s CEO,
Shaun Passley, said, "The
funding tranches we did last year have concluded as of now. We have also
developed a significant short position in our stock. It has pushed the
stock down into an undervalued area when compared with other OTCQB
companies. As far as our business is concerned, we have grown steadily.
I expect that the odds are good at this point that we will see a bounce
back from an oversold condition. With regard to the stock and the rest
of 2013 we are hoping we will see the stock get back to a more
reasonable valuation."
EPAZ
Short Selling Report | EPAZ Short Data
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 Intellisys™, an
energy
management software and DeskFlex™, a
room
scheduling software.
SAFE HARBOR
"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 Relations
investors@epazz.net
(312) 955-8161
www.epazz.com
Source:
Epazz, Inc.
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