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Epazz Confirms: Convertible Notes by Asher Enterprises Are Paid Off and Sold Off

May 22

Written by:
5/22/2014 12:44 PM  RssIcon

CHICAGO, IL--(Marketwired - May 22, 2014) -Epazz, Inc. (OTC Pink: EPAZ) (PINKSHEETS:EPAZ), a leading provider of cloud-based business software solutions, announced today that the convertible notes held by Asher Enterprises, Inc. in August 2013 for $53,000, and in September 2013 for $42,500, has been completed. The notes were used to assist the company in financing its acquisitions, which will increase the company's revenue. The company has not received and does not seek any additional financing from Asher Enterprises, Inc.

Epazz, Inc. is working with its auditors to file 10k and 10q to become current on its financials, which will allow it to become current and announce its major news.

Epazz, Inc.'s CEO, Shaun Passley, Ph.D., stated, "The funding tranche we did last year have concluded as of now. All stock sales with regard to this funding are complete. We expect with our recent efforts that were done so far this year 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 2014 we are hoping will see the stock get back to a more reasonable valuation."

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-sized businesses, Fortune 500 enterprises, government agencies, and higher-education institutions. BoxesOS provides many of the web-based applications that organizations would otherwise have to purchase separately. Epazz's other products include AgentPower™, a workforce management software, and AutoHire™, an applicant tracking system.

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. 

Contact:
For more information, please contact: 
Epazz, Inc.
Investor Relations
investors@epazz.com
(312) 955-8161
www.epazz.com

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