Epazz Inc (EPAZ)

[Captain Hi-Top]

Don't forget the Project Flex Spinoff!

CHICAGO, March 4, 2013 /PRNewswire/ -- Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions announced today that the Company is moving quickly forward with the Project Flex spinoff. Project Flex is a patent pending new technology that will change the way cooling technology is used. Project Flex has passed all initial tests and is at the next stage which will lead to a spin-off of the new Company with a dividend being paid to shareholders.

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 and Form 10 through the SEC. Through this method, Project Flex will have a clean publicly traded entity going forward. The spinoff of Project Flex will pay shareholders of Epazz's common stock a dividend initially and quarterly dividend from that point on.

With regard to growth initiatives, the Company is actively pursuing acquisitions that are already 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 of its long term strategic growth plan to acquire profitable B2B software companies.

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."