Profits propel Epazz, Inc. (EPAZ) higher

Posted on: Wednesday, June 15th, 2011
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Epazz, Inc. (OTCBB: EPAZ) shares ballooned 50% to six cents late Wednesday morning, as the Chicago-based provider of office productivity workforce solutions announced quarterly results that trounced those numbers posted in the same quarter last fiscal year. Volume for the stock of 13,000 shares trampled upon its daily average of 5,277.

A media release out June 15 showed that Epazz net profits for 2011’s first quarter ended March 31, 2011 were $25,884 compared to a net loss of $44,277 for the three months ended March 31, 2010, an increase of $70,161 or 158% from the prior year.

The same release quoted Epazz CEO Shaun Passley as saying, “This is the first time we have shown quarter after quarter of positive net profits. We ended 2010 with a positive net profit and we have begun 2011 with a positive net profit.

“We anticipate that there will be continued growth during 2011 as we increase our marketing efforts.”

Epazz, Inc. is an enterprise-wide software company that specializes in providing customized web applications to the corporate world, higher education institutions and the public sector.

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Category: OTCBB, Technology Stocks
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