EPAZ (.0094) Tuesday, May 11 2010 10:00 AM, EST Epazz's Revenues up 95% From the Prior Year Despite Challenging Economic Times Marketwire "Press Releases "
CHICAGO, IL -- (MARKET WIRE) -- 05/11/10 -- Epazz, Inc. (OTCBB: EPAZ), a leading provider of office productivity workforce solutions, today announced that its revenues in 2009 were up 95.3% from the prior period. The increase in revenues is attributable to the Company's acquisition of DeskFlex and Professional Resource Management in June 2008 , and revenues associated with our purchased DeskFlex and Agent Power product lines. Also Epazz's total operating expenses for the year 2009 decreased 8.7% from the prior period.
Epazz has been growing through targeted acquisitions. The company looks for proprietary business to business software applications that are used by Fortune 500 companies, government agencies, health care providers and post secondary institutions. Epazz is currently in negotiations with five companies who meet our acquisition guidelines. Also Epazz is currently in negotiations to hire acquisition search firms who specialize in software acquisitions in order to broaden our selections.
"We are moving in the right direction. Our growth strategy is beginning to payoff. We are working toward expanding the company worldwide. We are working toward adding additional product lines. As the economy recovers Epazz is in a position to grow," said Shaun Passley , Chief Executive Officer of Epazz .
About Epazz, Inc.
Epazz Inc. is an enterprise-wide software company that specializes in providing customized web applications to the corporate world, higher education institutions and the public sector. Epazz BoxesOSv3.0 is the complete business web-based software package for small to mid size businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS provides many of the web-based applications organizations would have to buy separately. Epazz's other products are AgentPower, workforce management software and AutoHire, applicant tracking system.
About DeskFlex, Inc.
DeskFlex, Inc.'s proprietary room scheduling software supports the use of shared workspaces by multiple employees. Mobile workers are often absent from the office leaving their desks vacant. By establishing a pool of shared resources and a reservation system, companies can materially reduce real estate expenses by limiting the space needed for offices, desks, meeting rooms and even reserved parking spaces. DeskFlex creates an easy to navigate web site allowing employees to reserve workspace in advance and interacts with popular telephone systems to enable phone calls to be routed to the employee's temporary desk.
BoxesOS allows for employees to view announcements online. Employees are able to share documents from multiple locations throughout the world. With BoxesOS employees are able to take training courses and their supervisors are able to view the results online. Companies are able to create self-service portals for their customers to pay for their invoice and download instructions. Companies can also create self-service portals for their partners to request new marketing materials or view a demo. BoxesOS connects to companies' databases to easily bring all of their information together.
BoxesOS includes an intranet, portal, extranet, central knowledge repository, document management, workflow engine, website management, web collaboration, email system, and learning management system into one complete web-based solution which connects to organizations' backend systems.
BoxesOS allows the organization to start-up by implementing elegant web-enabled information dashboards for each stakeholder group. Functionality with administrative systems can be swiftly completed using BoxesOS connectors to other back-end systems. Business applications that require upgrading can be upgraded on a prioritized basis as desired, and easily linked to BoxesOS and its personal information system.
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"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 generally can be identified by the use of forward-looking statements such as "may," "expect," "intend," "estimate," "anticipate," "believe," or "continue" (or the negative thereof) or similar terminology. Such forward-looking statements are subject to risk, uncertainties and other factors that could cause actual results to differ materially from future results or 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 assumes no obligation and does not intend to update these forward-looking statements and takes no obligation to update or correct information prepared by third parties that is not paid for by Epazz . Investors are encouraged to review Epazz's public filings on SEC.gov, including its unaudited and audited financial statements, and its Registration Statement, Form 10-K's and Form 10-Q's, which contain general business information about the Company's operations, results of operations and risks associated with the Company and its operations.
Contact: Investor Relations Contact: investors@epazz.net (312) 955-8161
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