Epazz Inc (EPAZ)

[jedijazz]

Epazz’s Patent Pending Blockchain Smart Legal Contracts (Cordtell) will Generate New Sources of Revenue with Dispute Resolution

Thu, 22 Mar 2018 13:00 GMT | GlobeNewswire | Symbol: EPAZ
CHICAGO, March 22, 2018 (GLOBE NEWSWIRE) -- Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that its Patent Pending Blockchain Smart Legal will generate new sources of revenue. Epazz will offer Cordtell on a monthly subscription fee starting at $299 per month. The company will offer additional services to assist in dispute resolution, customization and integration.

Dispute resolution services will enable parties of contracts to examine the transaction to make sure both parties are living up to the transaction. Our blockchain technology will enable most of the conflict resolution to occur semi-automatically with a person verifying the results. The dispute resolution services will be charged based on a percentage of the resolution or a flat fee for what is greater. The dispute resolution services has the potential to save time and money by resolving a conflict before legal assistance is needed.

Epazz will also provide customization services to assist potential customers with having Cordtell work with their policies and procedures. The company currently offers this with its other products.

Additionally, Epazz will provide integration services to integrate Cordtell into back-end systems. Its integration services will allow data to be transmitted in real time. For many companies, contracts fuel their growth and operations. Having Cordtell integrated into their back-end system will save them time and money by communicating key terms and conditions and allowing companies to create alerts and triggers.

Epazz CEO Shaun Passley, PhD, said, “We believe that Blockchain will fundamentally change the way companies will do business. This opportunity will generate new sources of revenue. We are excited to view Cordtell as a solution, not just a blockchain software, but a tool to maximum resources and provide a quick return on investment.”

About Cordtell (www.cordtell.com)

Cordtell reduces fraud in business transactional contracts. The technology allows for a transactional contract to become a living contract that is tracked and traced; it also verifies that a section of terms within a contract are followed and that all parties of an agreement obey the terms of the contract.

Cordtell, which is under development, automatically verifies signatures, distributes the contract to the blockchain, records the transaction and verifies the terms are being followed via our blockchain apps, which also trace any changes. The technology sends reminders, and tracks payments and delivery of items. The technology will work with Microsoft Word and Google Docs to provide real-time contract edits and updates via version control. The company will primarily market the technology to law firms, health care providers, businesses and governments.

If you would like to receive updates on Cordtell, visit www.cordtell.com

About Epazz, Inc. (www.epazz.com)

Epazz, Inc. specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software, with more than 500 repeat customers. The new Bitcoin Mobile app is a financial technology company that offers unique software that allows consumers to acquire Bitcoin at the point of sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease. Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired 11 software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz technology. Epazz then markets the new cloud-based solutions to new and existing customers.

SAFE HARBOR

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by their use of forward-looking terminology such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc. assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged to review Epazz, Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.

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