Epazz Increases Funding for CryObo Technology and DeskFlex Metaverse Office Product Development

Chicago, Ill.–(Newsfile Corp. – April 12, 2022) – Epazz, Inc. (OTC Pink: EPAZ), a leading provider of cloud-based enterprise software solutions, today announced that it would add additional funding to further develop the CryObo Technology and DeskFlex Metaverse projects.

Room reservation software Epazz DeskFlex recorded revenue of $1.9 million for 2021, compared to $1.4 million in 2020. It also recorded a positive EBITDA of $102,000, compared to an EBITDA of 8,083 dollars for 2021, an increase of 1,168% due to increased demand during the pandemic.

Image of the Epazz Slims prototype

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DeskFlex is developing a Metaverse Office that uses a pair of virtual reality smart glasses, called Epazz Slims, that allow remote employees to work, collaborate, connect and hold real-time chats with other office workers. VR glasses allow remote workers to enter a visual representation of their office and interact with their colleagues working from home as if they were there, physically present.

Revenues from 2021 revenue will fund the further development of VR headsets to provide every employee with VR smart glasses that would cost less than $100.00. Due to its affordable price, every worker can access the Metaverse desktop and participate in company activities from the comfort of their home.

Epazz Slims will be a low-cost VR headset solution that incorporates full sensory involvement in conferences, meetings and team discussions in virtual reality and augmented reality. It will use multiple webcams to generate 3D rendering of employee avatars and facilitate real-time interactions between colleagues.

“We are reinvesting our funds and focusing on product development to provide our customers with optimal, functional and practical technology solutions in the organization of meetings and conferences,” said Shaun Passley, Ph.D., CEO of Epazz, Inc.

About Epazz, Inc.

Epazz, Inc. is a leading provider of Metaverse solutions, blockchain cryptocurrency mobile apps, and cloud-based software. It is a company that specializes in providing custom cloud applications to enterprises, higher education institutions and the public sector. Epazz develops Metaverse business solutions that allow people to collaborate in real time through virtual reality. Epazz is updating its business solutions to be fully integrated with the metaverse. Epazz will make low-cost smart glasses for Metaverse.

Safe Harbor

Certain statements in this press release are “forward-looking statements”, as defined by the “Safe Harbor” statement in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by their use of forward-looking terms. such as “may”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, and “continue” (or their negative variations). These forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those implied by the statements. Investors are cautioned that 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, does not intend to update these forward-looking statements and has no obligation to update or correct information prepared by third parties not paid by Epazz.

Investors are encouraged to review Epazz’s public filings on SEC.gov, including its unaudited and audited financial statements, registration statement, Forms 10-K and 10-Q, which contain general business information about business operations, results of operations and risks related to the business and its activities. Penny stock picks should be researched. Do your homework. Please consult all our documents.

For more information, please contact the following people:
Epazz inc.
Investor Relations
[email protected]
(312) 955-8161
www.epazz.com/investors.aspx

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120160

Gary C. Lisi