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Epazz : Convertible Notes Paid Off And Sold Off

CHICAGO, March 21, 2013 /PRNewswire/ --  Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions announced today that the convertible notes in June 2012 for $42,500 and July 2012 for $32,500 has been concluded. Epazz, Inc. has not entered into any convertible notes in 2013.

Downward pressure has pushed the stock to unprecedented levels.

Epazz, Inc.'s CEO, Shaun Passley, said, "The funding tranches we did last year have concluded as of now. All stock sales with regard to this funding are complete. We have also developed a significant short position in our stock have pushed the stock down into a much undervalued area. As far as our business is concerned, we have grown steadily and expect 2013 to be the best year yet by a significant margin. I expect that the odds are good at this point that we will see a bounce back from an oversold condition with regard to the stock and the rest of 2013 we are hoping will see the stock get back to a more reasonable valuation."

EPAZ Short Selling Report | EPAZ Short Data

Epazz, Inc., a leading provider of cloud based business software solutions announced that in the most recent quarter, Epazz reported a 50 percent and 32.5 percent increase in revenues respectively for the nine month period ending 30 September, 2012. Epazz, Inc. reported revenue of $856,248 versus revenue of $646,023 for the same period in 2011. Additionally, the Company's Asset value grew by 38% to $1,425,248 during the nine month period ending on September 30, 2012. Epazz also announced a 300 percent increase in its client base in 2012 and expects those numbers to continue to climb and that with the pending acquisitions expects revenues to double in 2013. Finally, Epazz reported that Project Flex, which is a patent pending new technology that will change the way cooling technology is used has passed all beta 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.

About Epazz Inc. ( www.epazz.com)

Epazz Inc. is a leading cloud based software company that specializes in providing customized cloud applications to the corporate world, higher education institutions and the public sector. Epazz BoxesOS™ v3.0 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 otherwise buy separately. Epazz's other products are AgentPower™, a workforce management software and AutoHire™, an applicant tracking system.

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