$EPAZ Epazz, Inc. (EPAZ) Reported Q1 2018 Financial Results
Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, this morning reported its unaudited first quarter results for 2018. Among other highlights, the company reported a net income of $15,050 and revenue of $474,145, a slight increase over $473,974 for the same period of 2017, marking an improvement in the company’s financial position. Additionally, Epazz’s interest expense has dropped from $73,462 for the first quarter of 2017 to just $34,771 for the first quarter of 2018, demonstrating a considerable decrease. The company anticipates that its ZenaPay blockchain payment solution and other blockchain apps will generate revenues moving forward. “Our valuation in the marketplace is not reflecting our true value. We expected our new versions of our cloud business software to assist in growing our revenues and increasing our profits,” Epazz CEO Shaun Passley, Ph.D., stated in the news release.