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Epazz, Inc. (EPAZ) One Step Closer To Executing Second Spin-off Project

|Includes: Epazz, Inc. (EPAZ)

Epazz, a provider of cloud-based business software solutions, is rapidly advancing its second spin-off project, Human Mobile Power, and is currently working with a patent attorney to file for a patent pending status on the device.

Project Human Power is a project to develop a mobile power device for iPhone and other smartphones that allows users to charge their phone without the need for an outlet or second battery. Because the product is not directly in line with Epazz's core business, the company believes the project creates opportunity for a spin-off to spur growth and shareholder value.

Epazz's strategy is to pursue acquisitions that are already cash flow positive and spin-off each acquisition into its own publicly traded company with a dividend being paid to shareholders. Over the last two years, the company has completed two acquisitions and is currently in process of completing a third.

"We have been working hard on both the business end and the public company end to bring Project Flex, our first spin off project, to fruition," Shaun Passley, CEO of Epazz, stated in the press release. "Our company is at a point now that we can begin announcing things like dates and percentages as well as other significant information. Project Flex and Project Human Power are going to make a big difference to our bottom line and for our shareholders."

As part of its long-term growth plan focused on the acquisition of profitable B2B software companies, Epazz is currently in negotiations to acquire several other B2B software companies.

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