Epazz Inc. Expects 230 Percent Increase In Revenues; Company To Revise 2013 Guidance
CHICAGO, April 9, 2013 /PRNewswire/ -- Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions recently announced a 50 percent boost in revenues in the third quarter announced today that financial guidance for investors in 2013 and beyond is being revised upward given latest projections. The Company is in the process of closing two acquisitions and is currently in discussions with new acquisition targets. Additionally, Project Flex is expected to provide a substantial revenue stream for the Company.
Epazz, Inc., 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.
Epazz's management continues discussions with synergistic and profitable companies that would immediately boost Epazz's revenue stream. The Company is well on track to complete 4-5 acquisitions in 2013.
"Not only will acquisitions boost our numbers but substantially increase our customer base across the board," said Epazz, Inc.'s CEO, Shaun Passley. "We are looking for companies whose business model with allow us many opportunities to cross sell customers on Epazz's BoxesOS portal software, DeskFlex room scheduling software, Agent Power workforce management software, Intellisys energy management software, AutoHire applicant tracking system, K9 Bytes kennel software and MS Health social services software. With the synergies of our companies the customers can continue to look forward to innovative, effective and efficient software tools geared to enhancing their business process."The latest acquisition target was founded in 1990s and has a significant history of positive cash flow and profitability through a unique set of products in a niche market. This represents a substantially strategic move on the part of Epazz, Inc.'s management given the few competitors that exist in the target company's marketplace.
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