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Epazz, Inc. Reports Record 103 Percent Increase of Positive Operational Income for 2017 and Expects to Continue Revenue Growth with Blockchain Software Apps

Apr 24

Written by:
4/24/2018 8:52 AM  RssIcon

CHICAGO, April 24, 2018 (GLOBE NEWSWIRE) -- Epazz, Inc. (EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, has announced that the company has recorded operational income for the year ending in 2017. The company recorded operational income of over $628,000 dollars, unaudited numbers, which represent a 103 percent increase from the 2016 numbers. Additionally, the company had positive net income for 2017. The company expects to complete its audit in the next several weeks.

The company already has over five blockchain mobile apps available to download. Additionally, the company is finishing up development on Cordtell, its patent pending blockchain smart legal contracts solution as well as the development of its patent pending blockchain patient portal solution. Finally, in the coming weeks, the company will release its Social Media Blockchain Decentralized Platform, which removes the middleman and allows users to have more control over their data and how they connect with others. The app will be available in the Apple App Store and on Apple Play.

Epazz, Inc. CEO, Shaun Passley, Ph.D., said, “In 2018, we expect to continue to grow. We have been adding new blockchain products and fine-tuning our marketing efforts. The company will be launching to new websites for all of the products this year."

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 otherwise need to purchase separately. Epazz's other products are DeskFlex™ (a room scheduling software) and DeskFlex™ (an applicant-tracking system).

About Cordtell (www.cordtell.com)

Cordtell reduces fraud in business transactional contracts. The technology allows for a transactional contract to become a living contract that is tracked and traced; it also verifies that a section of terms within a contract are followed and that all parties of an agreement obey the terms of the contract.

Cordtell, which is under development, automatically verifies signatures, distributes the contract to the blockchain, records the transaction and verifies the terms are being followed via our blockchain apps, which also trace any changes. The technology sends reminders, and tracks payments and delivery of items. The technology will work with Microsoft Word and Google Docs to provide real-time contract edits and updates via version control. The company will primarily market the technology to law firms, health care providers, businesses and governments.

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 can generally be identified by the use of forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe" and "continue" (or the negative thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those 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, Inc. assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged to review Epazz, Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations. 

For more information, please contact:

Investor Relations

mailto:investors@epazz.net

(312) 955-8161

www.epazz.com

 

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