CHICAGO, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain mobile apps and cloud-based business
software solutions, has reported its unaudited second quarter results for 2018. The company reported revenue of $386,961 compared
with $385,163 for the second quarter of 2018. The company reported an operating income of $35,963. This is a substantial turnaround
in the company’s financial position. Additionally, the company’s interest expense has substantially decreased, dropping from
$50,973 for the second quarter of 2017 to just $20,062 for the second quarter of 2018.
The company is focusing on acquiring new customers for its cloud business software and developing new blockchain technologies
for Fortune 500 companies, government agencies, health care providers and legal services. Our blockchain technology will reduce
fraud in business transactional contracts. The technology allows for a transactional contract to become a living contract that is
tracked and traced; it also verifies that a section of terms within a contract is followed and that all parties of an agreement
obey the terms of the contract. The company believes this will become a new source of revenue once it is marketed.
Epazz, Inc.’s CEO, Shaun Passley, Ph.D., said, “Our valuation in the marketplace is not reflecting our true value.
We expected our new versions of our cloud business software and new blockchain products to assist in growing our revenues and
increasing our profits.”
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 otherwise need to purchase separately. Epazz’s other
products are DeskFlex™ (a room scheduling software) and Provitrac™ (an applicant-tracking system).
SAFE HARBOR
"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 can generally be identified by the use of forward-looking statements such as "may," "expect," "intend,"
"estimate," "anticipate," "believe" and "continue" (or the negative thereof) or similar terminology. Such forward-looking
statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future
results or those 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, Inc. assumes no obligation and has no intention of updating these forward-looking statements, and it has no
obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged
to review Epazz, Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and
its OTC markets filings, which contain general business information about the company’s operations, results of operations and risks
associated with the company and its operations.
CONTACT: For more information, please contact: Investor Relations mailto:investors@epazz.net (312) 955-8161 www.epazz.com
