CHICAGO, IL – February 20, 2014 - (OTCQB: EPAZ) Epazz Inc., a leading provider of cloud-based business software solutions, announced that its maintenance contracts renewal rates for Intellisys Software are well over 90 percent, and it is positioned to continue at this pace. Intellisys software continues to receive positive responses on its support and customization IT consulting services. Furthermore, Intellisys is launching a new SystemVIEW.
SystemVIEW is a scada software and hmi software for rapid application development of HMI and process. The new version is web-based and is available in both an enterprise edition and a cloud edition. SystemVIEW needed a major update to retain existing customers and to attract new ones. It is in the process of showing current customers the benefits of the new SystemVIEW. The company expects that most of its SystemVIEW customers will update their systems this year or next. The 90 percent renewal rate will help increase revenues.
Renewal rate conversion is an important factor in Epazz's aggressive growth model. With rates of over 90 percent, this contributes strongly to company revenues and is expected to do so for the foreseeable future.
"We expected to continue a high renewal rate for Intellisys Software, but better than 90 percent is an exceptional rate," said Shaun Passley, CEO of Epazz. "With the new SystemVIEW Cloud, we have a product that we can sell to the multi-vertical markets."
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. Epazz BoxesOS™v3.0 is the complete web-based business 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 have to otherwise buy separately. Epazz's other products are AgentPower™, a workforce management software and AutoHire™, an applicant tracking system.
CMHCi offers server-based, Internet, and secure cloud computing that allows you to access your information as you require.
"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 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 and 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 by Epazz. Investors are encouraged to review Epazz's public filings on SEC.gov, including its unaudited and audited financial statements, 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. Epazz could be a good penny stock pick, but please visit our website and do your research.
For more information, please contact:
SOURCE: Epazz, Inc.