Epazz Inc (EPAZ)

[TOXX]

Don't forget about the DIVY!

CHICAGO, March 5, 2013 /PRNewswire/ -- Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions announced today that the board of directors approved a 1-10 stock dividend to shareholders in Project Flex. For each 10 shares of EPAZ common stock that a shareholder owns, the shareholder will receive 1 share of stock in the new Project Flex spinoff. Shareholders of record upon submission of the S-1 document by Epazz, Inc. will receive the dividend. An effective date of the spinoff will be announced to shareholders and the investment community soon. The Company is working through taking the Company public via an S-1 registration as well as the Form 10 through the SEC. Through this method, Project Flex will have a clean publicly traded entity going forward.

Epazz is expecting 50% growth just from the latest acquisition which was announced last week. The Company is continuing to follow an aggressive growth strategy of organic growth of the wholly owned subsidiary companies and acquired companies but to add additional companies that are cash flow positive. Over the last 2 years, the Company has completed two acquisitions and is in process of completing a third. The strategy going forward is to continue making accretive acquisitions and spin each one off into its own publicly traded company with a dividend being paid to shareholders. Epazz, Inc. is in negotiations to acquire several other B2B software companies. Epazz, Inc.'s action is a clear reflection and emphasis of its long term strategic growth plan to acquire profitable B2B software companies. Our recent acquisitions: K9Bytes, kennel software and MSHealth, behavioral health software.

Epazz, Inc.'s CEO, Shaun Passley, said, "We have been working hard on both the business end and the public company end to bring Project Flex to fruition. We are at a point now that we can begin announcing things like dates and percentages as well as other significant information. Project Flex is going to make a big difference to our bottom line and for our shareholders."
About Epazz Inc. (www.epazz.com)

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