Epazz Inc (EPAZ)

[$treet $inatra]

Great Revenue News from $EPAZ! Read this, $300K Revenue stream...

Epazz Has Secured Financing to Acquire College Software Company; Epazz Expects to Add Over $300,000 to Revenue Stream and Expects to Close in the Second Quarter
New Acquisition Immediately Accretive; Company Expects $300,000 in Revenue in the First Year

http://finance.yahoo.com/news/epazz-secured-financing-acquire-college-125000081.html

CHICAGO, IL--(Marketwired - Jun 5, 2014) - Epazz, Inc. (OTC Pink: EPAZ) (PINKSHEETS: EPAZ), a leading provider of cloud-based business software solutions, announced that the Company has secured financing to acquire a software company used by Midwestern U.S. colleges and universities. No common shares will be issued from this financing. This new acquisition is expected to increase Epazz's revenue stream by generating $300,000 in recurring revenues during the first year. Epazz expects to complete the acquisition in the second quarter.

The target company was founded in the 2000s and has a long history of profitability. The company's software product is considered to be truly unique. There are few companies in the market that offer such an all-encompassing software suite within their target market, making this move quite strategic for Epazz's projected growth.

Epazz has been increasing its global distribution channels and continues to search for suitable acquisitions. Epazz CEO Shaun Passley, PhD, noted, "This acquisition will be immediately accretive to our revenue and profit streams. It will provide a solid customer base and open up many opportunities to cross-sell customers on Epazz's BoxesOS portal software, DeskFlex room scheduling software, Agent Power, Nortel workforce management software add-on, and Cisco call center software add-on. Intellisys energy management software, AutoHire applicant tracking system, K9 Bytes kennel software, and MS Health EMR software. With the synergies of our companies, customers can continue to look forward to innovative, effective, and efficient software tools geared to enhancing their business processes." Epazz is in negotiations to acquire several other B2B software companies. Epazz's action is a clear reflection of its long-term strategic growth plan to acquire profitable B2B software companies.