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CHICAGO, Oct. 24, 2012 /PRNewswire/ -- Epazz Inc., (OTCQB: EPAZ) a leading provider of cloud based business software solutions announced today that its second quarterly operating income of $140,742 increased 448% year over year as the company continues to grow. The Company expects those numbers to continue improving with the recent announcements of the acquisitions of K9 Bytes kennel software and MS Health mental health software.
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. was also previously pleased to announce that our cash on hand has risen over 650% as a further indication of the strength of our company. EPAZZ is on track for $2,000,000 in revenues over the next 12 months.
Shaun Passley, CEO of Epazz Inc commented, "EPAZZ has worked hard to increase shareholder value through several acquisitions and will continue to expand and grow our company with the ultimate goal of potentially spinning the subsidiary ventures into their own entities and offering a substantial dividend opportunity to investors."
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(TM) 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(TM), a workforce management software and AutoHire(TM), an applicant tracking system.
"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 those 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. Penny stock picks need to be research. Do your homework. Please review all of our filings.
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SOURCE Epazz, Inc.