QualityStocks would like to highlight
Epazz Inc. (
OTCQB: EPAZ), a leading cloud-based software company focused on providing customized cloud applications to Fortune 500 enterprises, government agencies, and higher education institutions. Targeting a strong growth industry, the company is rapidly expanding via strategic acquisitions, a full suite of in-house products and services, and diversified streams of income.
In the company’s news,
Epazz told investors that it is aware of shareholders’ frustrations with the recent performance of the stock. The company pointed out data that indicates more than 100 million shares could have been shorted in the month of August alone.
To view the short selling report on EPAZ, visit http://dtg.fm/epaz-short-selling
Furthermore, Epazz announced that Cooling Technology Solutions, Inc. (“Project Flex”) is finalizing its plans to spin off from Epazz. Epazz shareholders will receive shares in the spin-off company.
Only shareholders of record date will receive the dividend. The company approved a 1-10 stock dividend for shareholders of EPAZ. The spin-off of Project Flex will be above $0.01 per share. For each 10 shares of EPAZ common stock that a shareholder owns, the shareholder will receive 1 share of stock in the new Project Flex spinoff.
Epazz, Inc.’s CEO, Shaun Passley, said, “This is our first spin-off, but not the last spin-off. Our business plan provides Long-term shareholders multiple opportunities for stock dividends. We believe transitioning Epazz to a holding company will provide long-term value.”
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
