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By Usman on 9/26/2014 7:03 PM
CHICAGO, IL--(Marketwired - Sep 26, 2014) -Epazz, Inc. (OTC Pink: EPAZ) (PINKSHEETS:EPAZ), a leading provider of cloud-based business software solutions, announced that it has signed a purchase agreement to acquire a surveillance software company used by US colleges and universities. This new acquisition is expected to increase Epazz's revenue stream by generating $300,000 in recurring revenues during the first year. Epazz expects to complete the acquisition in the second quarter.

The surveillance software company was founded in the 2000s and has a long history of profitability. The company's software product is considered to be truly unique. Few companies in the market offer such an all-encompassing software suite within their target market, making this move quite strategic for Epazz's projected growth.

Epazz CEO Shaun Passley, PhD, noted, "This acquisition...
By Usman on 9/25/2014 7:01 PM
CHICAGO, IL--(Marketwired - Sep 25, 2014) -Epazz Inc., (PINKSHEETS: EPAZ) a leading provider of cloud-based business software solutions, announced today that it has filed the 10-Q for three months ending March 31, 2014, and it has reported an increase in revenue of $252,552, compared to revenue of $208,010 for the three months ending March 31, 2013, an increase of $44,542 or 21% from the comparative period. Also the company is preparing to file the 10-Q for the quarter ending June 30, 2014. The Second-Quarter 10-Q is in the process of going through EDGARization and XBRL formatting. Once the second-quarter 10-Q is filed, the company will be current with its financials.

"The recent growth in 2014 meant that the company had to hire a third-party valuation firm to allocate assets, which affects the first and second-quarter balance sheets. Now that the valuations are complete, we are able to file our 10-Qs and will become current on our financials," said Shaun Passley, PhD, CEO of Epazz, Inc.




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