Epazz, Inc. (OTC PINK: EPAZ) (PINKSHEETS: EPAZ), a leading provider of cloudbased business software solutions, reveals FlexFridge, Inc. (formerly ZFridge, Inc.). FlexFridge is Epazz's first spin-off. FlexFridge filed on a nonprovisional patent for the world's first foldable mini-fridge. Additionally, the company filed 10k and is working in parallel to file the 10-Q for the first quarter of 2014 and the second quarter 10-Q in order for the company to be current with its financials. The company has been working with auditors, lawyers and accountants to make sure it is on time with its financials moving forward.
Since FlexFridge, Inc. is not part of Epazz's core business, the company believed it was best to turn FlexFridge into its own company. The company issued a stock dividend to shareholders, and the company is working with lawyers to file the necessary paperwork to allow FlexFridge's shares to trade. The company is making plans to develop an e-commerce store so consumers can preorder the mini-fridge. The company also plans to launch a crowdfunding campaign for FlexFridge on a major crowdfunding website for pre-ordering.
The public can visit www.flexfridge.com for a sneak peek at FlexFridge. It will soon be the world's first foldable mini-fridge.
Epazz, Inc.'s CEO, Shaun Passley, Ph.D., said, "We believe there will be many more opportunities for future spin-offs of products. As we acquire additional companies, there will be products that do not fit with our core business. This strategy provides good opportunities to turn each product into its own company and allow it to grow as a separate business."
FlexFridge is a patent-pending, four-cubic-foot mini-fridge. FlexFridge was designed to allow students, campers, hotels, and businesses to have a big mini-fridge in their dorm rooms, RVs, hotel rooms, or offices. FlexFridge is easy to transport and easy to set up.
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 business Webbased software package for small to midsize businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides many of the Web-based applications that organizations would have to otherwise buy separately. Epazz's other products are AgentPower™, call center software and AutoHire™, an applicant tracking system.
A "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 terms such as "may," "expect," "intend," "estimate," "anticipate," "believe," "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 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 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 that 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.
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