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Tuesday, July 22, 2014 9:32:44 AM
CHICAGO, IL, Jul 22, 2014 (Marketwired via COMTEX) -- Epazz, Inc. (OTC PINK: EPAZ), a leading provider of cloud-based business software solutions, announced today that the convertible note held by IBC Funds LLC in February 2014 for $314,021.18 has been completed. The note was used to assist the company in financing acquisitions, which will be added to the company's revenue. The company has not received any additional financing from IBC Funds LLC.
Epazz, Inc.'s CEO, Shaun Passley, PhD, said, "We expect with our recent efforts so far this year that the odds are good at this point that we will see a bounce back from an oversold condition with regard to the stock and the rest of 2014 we are hoping will see the stock get back to a more reasonable valuation."
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