EPAZ Stock Officially Goes On To The WatchList At 0.0189
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Cloud based business software companies have been raking in clients in recent years and one such Company, Epazz, Inc. (EPAZ), is capitalizing on that growth. After a series of news alerts on acquisitions, two in the last 30 days, EPAZ stock is officially on high alert as it sits right now at 0.0189. With a reported 31,975,550 shares outstanding as of May 18th, this could be one of the hot penny stocks preparing itself for a run here soon.
EPAZ Stock Chart
Open: 0.016
High: 0.022
Low: 0.016
Trades: 68
Average Trade Size: 25,967
10 Day Percent Change: 11.11%
10 Day Moving Average: 0.0164
10 Day Average Volume: 1,003,546
In the last 30 days, Epazz has been not only aggressively acquiring companies that fit into their business model, but they have also been reporting incredibly high renewal rates for maintenance contracts which is proving that their service is above-par to their customers. Four years ago, the Company acquired DeskFlex, a cloud room scheduling software, which supports the use of shared workspaces by multiple employees companies, establishes a pool of shared resources and a reservation system.
Above and beyond the recent acquisitions of K9 Bytes Software and today’s announced agreement to purchase a New Jersey based Medical Records software company, the Company is said to be in negotiations to acquire several other B2B software companies. the Company’s recent activity is a clear reflection of its long term strategic growth plan to acquire profitable B2B software companies.
About EPAZ Stock
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 have to otherwise buy separately. Epazz’s other products are AgentPower™, a workforce management software and AutoHire™, an applicant tracking system.
Bottom Line: EPAZ is officially on the list of penny stocks to watch and prepare for a breakout here in the very near future. With $20,868 in cash as of March 31, 2012, acquisitions are not being purchased with shares, but with Small Business Association loans. With only 60 million shares authorized, EPAZ stock price could easily run to 0.10 plus in the near term.
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