Business
Epazz Reports Q3 Revenues Up and Profitable; New Sales Generated from New Versions of Cloud Business Software
Epazz Reports Q3 Revenues Up and Profitable; New Sales Generated from New Versions of Cloud Business Software.
About this update from Epazz, Inc.
[{"type":"text","content":"\nCHICAGO, IL, Nov. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Epazz Inc. (OTC: EPAZ), a leading provider of blockchain mobile apps and cloud-based business software solutions, has reported its unaudited third quarter results for 2018. The company reported revenue of $386,869 compared with $385,163 for the third quarter of 2017. The company reported an operating income of $28,520 and net income of $10,113. This is a substantial turnaround in the company’s financial position. Additionally, the company’s interest expense has substantially decreased, dropping from $34,771 for the first quarter of 2018 to just $18,407 for the third quarter of 2018.\n The company believes that forming ZenaPay in Canada will assist in creating additional revenue streams. ZenaPay will be releasing a paid version of the app which will automatically submission data to the Canadian Regulatory Body. The Canadian operations will be setup over the next few weeks as the company complete all of the necessary paper. The ZenaPay Plant Tracker app for the Canadian 420 market is available on the Google Play store for immediate download. The ZenaPay Plant Tracker tracks plants from seed to harvest. The first version provides an easy way for growers to monitor the different varieties of plants they harvest for their businesses. According to the Canadian Health Department, Canadian 420 businesses are required to maintain records on plant inventory: Section 11: Record Keeping The applicant must submit a detailed description of their proposed record-keeping methods. This must include a description of the process that will be used for recording transactions relating to licensed activities, including maintaining appropriate records of transactions and dealings with both suppliers and clients. Epazz Inc.’s CEO, Shaun Passley, Ph.D., said, “ZenaPay provides the company many new opportunities to expand our business. We believe this will assist in displaying the company true value. Our revenues are above our current market cap.” New Versions of Cloud Business Applications The newest version of EQM, version 4, is a new robust enterprise quality management system, food inspection software and audit software to assist government and business in compliance management. The company already has government a...