InvestorsHub Logo
Followers 785
Posts 128093
Boards Moderated 9
Alias Born 09/26/2011

Re: PENNIEStoSTACKS post# 33907

Thursday, 10/23/2014 11:02:39 AM

Thursday, October 23, 2014 11:02:39 AM

Post# of 48084
$EPAZD LOI News: Epazz Signs Letter of Intent to Acquire Legal Software Services Company; Company Expects $550,000 in Revenue the First Year

Epazz Will Be Uplisting to OTCQB by the End of the Month

http://finance.yahoo.com/news/epazz-signs-letter-intent-acquire-123000627.html

CHICAGO, IL--(Marketwired - Oct 21, 2014) - Epazz, Inc. (EPAZD), a leading provider of cloud based business software solutions announced that the Company has signed a letter of intent to acquire a Legal Company in the West U.S. This new acquisition is expected to provide substantial growth to Epazz's revenue stream by bringing in $550,000 in revenues in the first year. The unaudited revenues for 2013 were over $620,000. Also the company will be Uplisting to OTCQB by the end of the month.

The target software services company was founded in 2000s and has a long history of positive cash flow and profitability. The software product is considered to be truly unique and there are few competitors presently in the market offering such an all-encompassing suite of software within their target market thereby making this move quite strategic in Epazz, Inc.'s projected growth.

Epazz has been increasing its global distribution channels and continues to search for suitable acquisitions. Epazz, Inc.'s CEO, Shaun Passley, Ph.D., noted, "This acquisition allows us to enter into the legal vertical market and will be immediately accretive to our revenue and profit stream. It will provide a solid customer base and it opens up many opportunities to cross sell customers on Epazz's BoxesOS portal software, DeskFlex room scheduling software, Agent Power workforce management software, Intellisys energy management software, AutoHire applicant tracking system, K9 Bytes kennel software and MS Health emr software. With the synergies of our companies the customers can continue to look forward to innovative, effective and efficient software tools geared to enhancing their business process."

Epazz, Inc. is in negotiations to acquire several other B2B software companies. Epazz, Inc.'s action is a clear reflection of its long term strategic growth plan to acquire profitable B2B software companies.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.