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Epazz: Latest Acquisition Adds 55% to Revenue Stream; Adds to Growth of Over 300% in Last 3 YearsTransitioning to Holding Company via Acquisitions to Boost Already Robust Organic Growth (July 12, 2012)
CHICAGO, IL -- (Marketwire) -- 07/12/12 -- Epazz, Inc., (OTCBB: EPAZ), a leading provider of cloud based business software solutions, announced that the Company is effectively transitioning to a holding company with the latest acquisition, K9 Bytes Software, kennel software. The acquisition of K9 Bytes Software is expected to boost EPAZ's revenue stream by 55% based on latest unaudited financials. This will add to EPAZ's already robust growth rate of over 300% over the last 3 years.
"At this time we are working on additional acquisitions which are synergistic with the mission of our Company," said Shaun Passley, CEO of Epazz, Inc. "Our business model has changed from being just organic growth to growth through acquisitions as well as increasing the number of our revenue streams. Cloud computing is continuing to grow rapidly and there is really no end in sight with regard to the growth possibilities for this Company," Passley said.
About K9 Bytes, Inc.
K9 Bytes® has been developing innovative technology solutions for the pet care industry for over 20 years.
K9 Bytes® was founded in 1988 with the first version of the K9 Koordinator management system for DOS. The K9 Koordinator was one of the first software tools designed specifically for the pet care industry in the world. Today, K9 Bytes® offers a variety of products for the pet care industry, including complete software management systems for boarding kennels, grooming shops, doggy daycare centers, dog walking, and pet sitting services. K9 Bytes® employs experienced software developers and pet care specialists coming from different academic backgrounds and having a broad set of skills and solid experience. Each member is constantly working hard to design, create, and support the next generation of software for the pet care industry.
About Epazz, Inc.
Epazz, Inc., the New Owner of K9 Bytes Software and a Specialist in Cloud Based Software Solutions
Epazz, Inc. specializes in cloud based business software solutions that provide excellence in web-based applications for government, higher education, and the private sector. With already held subsidiaries such as DeskFlex, Inc., Professional Resources Management, Inc., Intellisys Inc., and Autohire, Epazz will now be able to offer comprehensive businesses cloud software solutions and services to companies of every size.
"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 result 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. Epazz could be a good penny stock pick, but please visit our website and do your research.
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