$EPAZ - Epazz Will Be Launching a Revenue Based Cr
Post# of 144482
CHICAGO, IL--(Marketwired - September 03, 2015) - Epazz, Inc. (OTCQB: EPAZ), a leading provider of cloud based business software solutions, announces that the company is working with its lawyers to launch a revenue based crowdfunding campaign in order to fund its sales and marketing efforts. The funds will be used to increase its sales and marketing workforce. The company needs to hire additional sales and marketing personnel in order to promote its successes with implementing its cloud based solutions into new government and business customers. In addition, funds will be used to hire more developers to enhance its cloud software applications.
The company had used convertible notes from institutional investors in the past in order to complete its acquisitions. Most of the convertible notes are paid off. Unfortunately, the convertible notes increase the dilution in our stock. For this reason, the company will be taking advantage of the new Jobs Act and will be launching a Revenue Based Crowdfunding Campaign. Investors who wish to take part in the offering will receive a monthly payment based on the company’s revenues. Revenue based offering is non-dilutive to our shareholders.
If you are interested in the offering, you can send an email to crowdfunding@epazz.net. Once the campaign is launched, we will send you an invitation.
Epazz, Inc.'s CEO, Shaun Passley, Ph.D., said, "The Company is growing fast and we need more people to answer the phones and emails. We need to share our success with other government and business organizations. Also, we believe our stock will recover through 2015 and into 2016 and attain a fairer valuation."
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.