CHICAGO, Feb. 01, 2016 (GLOBE NEWSWIRE) -- Epazz, Inc. (OTCPINK:EPAZ), a leading provider of cloud-based business software solutions, announced today that it has reported positive EBITDA of $626,588, compared to negative EBITDA of $47,794 for the three months ending September 30, 2015, an increase of $674,382 or 1,411% from the comparative period.
The company has been making improvements in operations during 2015 which is started to appeared the second quarter and has greatly improved in the third quarter. The company has been consolidating services and operations of our subsidiaries into our Chicago operations allowing for cost savings. The company is then reinvesting our savings back into the company’s operations allowing for additional long-term cost savings.
“We are increasing our revenues and decreasing our costs, thereby creating a positive EBIDTA. The third quarter 2015 EBITDA of $626,588 is greater than 2014 third quarter revenue of $361,150,” says Shaun Passley, PhD, CEO of Epazz, Inc.
About Epazz, Inc.
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 web-based business software package for small- to midsized 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; AutoHire™, an applicant tracking system; and Cynergy, help desk software.
“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 results 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 assumes no obligation, does not intend to update these forward-looking statements, and takes no obligation to update or correct information prepared by third parties that are 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-Ks, and Form 10-Qs, which contain general business information about the company’s operations, results of operations, and risks associated with the company and its operations. Penny stock picks need to be researched. Do your homework. Please review all of our filings.