Epazz Inc (EPAZ)

[aries4747]

Project Flex was first mentioned in an October 1, 2012 PR

I find it interesting, and perhaps not coincidental, that the spin off news appeared on the first day of the 4th quarter. Gotta be some further info in the 10-K.

Epazz Inc. Planned Spin-Off "Project Flex" Patent Pending Technology

CHICAGO, IL, Oct 01, 2012 (MARKETWIRE via COMTEX)

Epazz Inc., (EPAZ) a leading provider of cloud based business software solutions, announced today that it has been working on a new product code named "Project Flex." Project Flex is a new technology that will change the way cooling technology is used. Project Flex has received a patent pending status. Project Flex is a product which is not in line with Epazz's core business. Therefore, we believe it is a great opportunity to be the first Epazz spin off.

"We received good feedback from potential Project Flex users. We believe it is a great opportunity to add value to our shareholders. Also Project Flex provides an incentive for shareholders to stay with the company for the long term with the knowledge that many more spin offs will come in the future. Epazz's spin offs will give our shareholders opportunities to receive more stock through stock dividends of spin off companies," said Shaun Passley, CEO of Epazz, Inc.