Epazz had 3 Straight Quarters of Revenue Growth in 2014
February 12 2015 - 8:41AM
InvestorsHub NewsWire
Epazz will integrate its newest acquisition, Strand Live
Video software, into its Intellisys Software
Chicago, IL - February 12, 2015 - InvestorsHub NewsWire
- Epazz, Inc. (OTCQB:
EPAZ), a leading provider of cloud-based business software
solutions, announced today that it has
reported 3 straight quarters of revenue growth in 2014. The third
quarter revenue was $361,000, compared to first quarter revenue of
$253,000, an increase of $108,000 (or 43%).
Strand has assisted in boosting revenue
during the third quarter. Epazz believes that increasing levels of
software development into acquisitions and cross-selling it to
existing customers can greatly improve revenue for 2015. Epazz
plans to integrate Strand Live
Video software into its Intellisys
subsidiary to allow water facilities to view live broadcast of
their pumps to engineers.
“We have
been experiencing substantial growth during 2014, and our newest
acquisition, Strand, will provide new sources of revenue. We
believe once Strand is fully integrated into Intellisys, we will
have a new source of revenue from annually recurring access to the
live video stream. The key to our acquisition strategy is not only
maintaining and growing the target company revenue but also using
our existing product portfolio to create new
products,” says Shaun Passley,
PhD, CEO of Epazz, Inc.
About Epazz, Inc.
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
web-based business software package for small to midsized
businesses, Fortune 500 enterprises, government agencies, and
higher-education institutions. BoxesOS provides many of the
web-based applications that organizations would have to otherwise
buy separately. Epazz’s other products are AgentPower™, a workforce
management software; AutoHire™, an applicant tracking system; and
Cynergy, help desk software.
Safe Harbor
The “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 conditional expressions 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, uncertainty, and
other factors that could cause actual results to differ materially
from future results or results 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 does not intend to update
these forward-looking statements and assumes no obligation to
update or correct information prepared by third parties that are
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-Ks, and Form 10-Qs, 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
researched. Do your homework. Please review all of our
filings.
For more information please contact:
Epazz Inc.
Investor Relations
investors@epazz.net
(312) 955-8161
www.epazz.com/investors.aspx
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