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Epazz Q2 Revenue Up and Profitable; New Sales Generated from New Versions of Cloud Business Software

Oct 16

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10/16/2018 7:00 AM  RssIcon

CHICAGO — October 16, 2018 — Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain mobile apps and cloud-based business software solutions, has reported its unaudited second quarter results for 2018. The company reported revenue of $386,961 compared with $385,163 for the second quarter of 2017. The company reported an operating income of $35,963. This is a substantial turnaround in the company’s financial position. Additionally, the company’s interest expense has substantially decreased, dropping from $50,973 for the second quarter of 2017 to just $20,062 for the second quarter of 2018.

The company is focusing on acquiring new customers for its cloud business software and developing new blockchain technologies for Fortune 500 companies, government agencies, health care providers and legal services. Our blockchain technology will reduce 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 is followed and that all parties of an agreement obey the terms of the contract. The company believes this will become a new source of revenue once it is marketed.

Epazz, Inc.’s CEO, Shaun Passley, Ph.D., said, “Our valuation in the marketplace is not reflecting our true value. We expected our new versions of our cloud business software and new blockchain products to assist in growing our revenues and increasing our profits.”

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 Provitrac™ (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 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.

 

CONTACT: For more information, please contact:

         Investor Relations

         mailto:investors@epazz.net

         (312) 955-8161

         www.epazz.com

 

 

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