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Epazz ZenaPay Moves Forward with Creating a Canadian Subsidiary for the Company’s Canadian 420 Legalization Operations

Nov 7

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11/7/2018 7:33 AM  RssIcon

CHICAGO, Nov. 07, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Epazz, Inc. (OTC:EPAZ), a leading provider of blockchain mobile apps and cloud-based business software solutions, announced today that the company is in the process of creating a Canadian subsidiary for ZenaPay. Last week, ZenaPay launched the Plant Tracker app for the Canadian 420 legalization market. For the company to take full advantage of the Canadian market, ZenaPay is forming a Canadian subsidiary and setting up an office in Canada. The company is working with both its American lawyers and Canadian lawyers to set up Canadian operations over the next few months.

The Canadian subsidiary will collect all revenue for the ZenaPay Plant Tracker app. ZenaPay will release a paid version of the app that will automatically submit data to the Canadian Regulatory Body. The Canadian operations will be set up over the next few months as the company completes the necessary paperwork.

The company believes creating a Canadian subsidiary will assist its efforts in raising capital in the Canadian marketplace. According to the Mjbizdaily, Canadian companies raised over CA$880 million in under two weeks. The company is planning roadshows in British Columbia, Ontario and Manitoba in the next few months to attract Canadian investors.

Epazz CEO, Shaun Passley, Ph.D., said, "We believe setting up Canadian operations will allow the company to grow quicker and establish a new market to sell our other products."

About ZenaPay Plant Grow Tracker:

The ZenaPay Plant Tracker app for the Canadian 420 market is available on the Google Play store for immediate download.

The ZenaPay Plant Tracker tracks plants from seed to harvest. The first version provides an easy way for growers to monitor the different varieties of plants they harvest.

According to the Canadian Health Department, Canadian 420 businesses are required to maintain records on plant inventory:

Section 11: Record Keeping

The applicant must submit a detailed description of their proposed record-keeping methods. This must include a description of the process that will be used for recording transactions relating to licensed activities, including maintaining appropriate records of transactions and dealings with suppliers and clients

About ZenaPay (www.zenapay.com):

ZenaPay is being developed to solve a major problem in high-risk industries: getting paid. Traditional banking systems do not allow high-risk industries to access their payment systems. ZenaPay offers a cutting-edge payment solution that gives consumers a way to buy items online or in stores using Bitcoin. The new Bitcoin payment software will allow consumers to use digital currency to make online or in-store purchases with ease. The process will also be anonymous because all transaction details are encrypted through Bitcoin, which will enable stores to accept digital currency instead of only cash. ZenaPay is available on the Apple App Store and Google Play Store.

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 hoteling 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

Tags: canadian
Categories: Epazz, Blogs, Press Room
Location: Blogs Parent Separator Epazz

 

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