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[fast.money]

$EPAZ Premarket News! Epazz Reports Positive EBITDA of $77,568 for Second Quarter of 2015

http://finance.yahoo.com/news/epazz-reports-positive-ebitda-77-134000735.html

CHICAGO, Nov. 18, 2015 (GLOBE NEWSWIRE) -- Epazz, Inc. (EPAZ), a leading provider of cloud-based business software solutions, announced today that it has reported positive EBITDA of $77,568, compared to negative EBITDA of $105,571 for the three months ending June 30, 2015, an increase of $183,139 or 173% from the comparative period.

The company has been making improvements in operations during 2015 which is starting to appeared the second quarter. The company has been consolidating services and operations of our subsidiaries into our Chicago operations allowing for cost savings. The company is then reinvesting our savings back into the company’s operations allowing for additional long-term cost savings.

“We are increasing our revenues and decreasing our costs, thereby creating a positive EBIDTA. We believe we can finish the year strong,” says Shaun Passley, PhD, CEO of Epazz, Inc