CHICAGO, IL--(Marketwired - September 03, 2015) - Epazz, Inc. (EPAZ), a leading provider of cloud based business software solutions, announces that the company is working with its lawyers to launch a revenue based crowdfunding campaign in order to fund its sales and marketing efforts. The funds will be used to increase its sales and marketing workforce. The company needs to hire additional sales and marketing personnel in order to promote its successes with implementing its cloud based solutions into new government and business customers. In addition, funds will be used to hire more developers to enhance its cloud software applications.
The company had used convertible notes from institutional investors in the past in order to complete its acquisitions. Most of the convertible notes are paid off. Unfortunately, the convertible notes increase the dilution in our stock. For this reason, the company will be taking advantage of the new Jobs Act and will be launching a Revenue Based Crowdfunding Campaign. Investors who wish to take part in the offering will receive a monthly payment based on the company’s revenues. Revenue based offering is non-dilutive to our shareholders.
If you are interested in the offering, you can send an email to email@example.com. Once the campaign is launched, we will send you an invitation.
Epazz, Inc.'s CEO, Shaun Passley, Ph.D., said, "The Company is growing fast and we need more people to answer the phones and emails. We need to share our success with other government and business organizations. Also, we believe our stock will recover through 2015 and into 2016 and attain a fairer valuation."