$EPAZ Epazz Cloud Business Adds Recurring Revenue
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Posted On: 09/25/2018 3:09:15 PM
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EPAZ
Epazz Cloud Business Adds Recurring Revenue with 90 Percent Renewal Rate; Company to Release 5 New Versions of Cloud Programs
CHICAGO IL. (GLOBE NEWSWIRE) (OTC:EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, has announced that the company added recurring revenue to the software program with a 90 percent renewal rate and is releasing five new versions of its cloud programs. The customer acquisition is up to 30 percent of the annual subscription cost. Therefore, for every thirty cents of marketing the company spent, it received a dollar in revenue. Moreover, its new customer renewal rate was 90 percent for the second consecutive year.
The new versions of the cloud programs are currently undergoing the final changes prior to release. Once the new versions are released, the company expects increased conversion rates, which means a decrease in customer acquisition cost. The new versions will also include new websites using the latest animation technology to display the benefits of the software.
Epazz, Inc., CEO Shaun Passley, Ph.D., said, “We have been improving our cloud business applications over the past year, and we are excited about launching the new versions of our cloud business software.”
About Epazz, Inc. (www.epazz.com)
Epazz, Inc., is a leading blockchain technology and 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 midsize 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 DeskFlex™ (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:
Investor Relations
investors@epazz.net
(312) 955-8161
www.epazz.com
CHICAGO IL. (GLOBE NEWSWIRE) (OTC:EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, has announced that the company added recurring revenue to the software program with a 90 percent renewal rate and is releasing five new versions of its cloud programs. The customer acquisition is up to 30 percent of the annual subscription cost. Therefore, for every thirty cents of marketing the company spent, it received a dollar in revenue. Moreover, its new customer renewal rate was 90 percent for the second consecutive year.
The new versions of the cloud programs are currently undergoing the final changes prior to release. Once the new versions are released, the company expects increased conversion rates, which means a decrease in customer acquisition cost. The new versions will also include new websites using the latest animation technology to display the benefits of the software.
Epazz, Inc., CEO Shaun Passley, Ph.D., said, “We have been improving our cloud business applications over the past year, and we are excited about launching the new versions of our cloud business software.”
About Epazz, Inc. (www.epazz.com)
Epazz, Inc., is a leading blockchain technology and 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 midsize 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 DeskFlex™ (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:
Investor Relations
investors@epazz.net
(312) 955-8161
www.epazz.com
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