Epazz, Inc. (OTC Pink: EPAZ) is engaged as a cloud computing software solutions provider and developer of blockchain cryptocurrency mobile apps. Shares of the diversified technology company surged 53.41%, during trading on Wednesday, December 13, 2017. Over the past month, Epazz, Inc. has seen average daily volume of 295,685 shares. However, volume of 3.49 million shares or dollar volume of $101,210, exchanged hands on Wednesday.
Shares of Epazz, Inc. jumped on Wednesday, after the company announced that it has filed a provisional patent for its blockchain smart legal contracts technology, which helps reduce fraud in business transactions. The blockchain technology allows the contracts to be tracked, traced, and enforced; effectively bringing paper contracts out of the stone age. Lastly, the company also notes it is currently testing its Android ZenaPay app, which is set to be launched on December 31, 2017. An iOS version of ZenaPay is also in the works. Here is the full press release detailing of the provisional patent filing:
Epazz, Inc. Press Release:
CHICAGO, Dec. 13, 2017 (GLOBE NEWSWIRE) — Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the company has filed a provisional patent for its new blockchain smart legal contract technology that reduces fraud in business transactional contracts. The technology allows for a transactional contract to become a living contract that is tracked and traced; it also verifies that a section of terms within a contract are followed and that all parties of an agreement obey the terms of the contract.
Paper contracts require each party to keep a copy of the contract, spend time reading the contract, ensure they have the original contract with all the correct signatures and memorize the terms of the contract. However, our technology, which is under development, automatically verifies signatures, distributes the contract to the blockchain, records the transaction and verifies the terms are being followed via our blockchain apps, which also trace any changes. The technology sends reminders and tracks payments and delivery of items. The technology will work with Word and Google Docs to provide real-time contract edits and updates via version control.
The company will add the technology to BoxesOS, which we are working on upgrading to new blockchain technology. All of our software programs will soon have blockchain technology automatically built in. The next version of BoxesOS has been created into the new platform using the latest Microsoft technologies. The new version of BoxesOS will be called BoxesOS 2018. Some of the new features include blockchain payment processing, smart contracts, online document editing, web content management, cloud integration tools, a cloud database and an application builder.
Shaun Passley, PhD, CEO of Epazz, stated, “Blockchain-based technology is the future of the Internet. Epazz will add blockchain technology to all of our products in the coming months using our blockchain cloud platform, BoxesOS.” Shaun further added, “The company has been working with customers to understand the best uses of blockchain, and we are excited about filing the first of many blockchain patents, with many more to come.”
Additionally, the company is testing the Android version of ZenaPay, which will be released on December 31, 2017. We are also working on the next version of ZenaPay for IOS users.
About ZenaPay (www.zenapay.com)
ZenaPay has been developed to solve a major problem in high-risk industries: getting paid. Traditional banking systems will not allow high-risk industries to access their payment systems. ZenaPay offers a cutting-edge payment solution that provides consumers with a way to buy items online or in stores using Bitcoin. The new Bitcoin payment software allows consumers to use the digital currency to make online or in-store purchases with ease. Additionally, the process is anonymous because all transaction details are encrypted through Bitcoin, allowing stores to accept digital currency in addition to cash. You can download the ZenaPay Bitcoin Wallet today at the app store.
About Epazz, Inc. (www.epazz.com)
Epazz, Inc. specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software, and it has over 500 repeat customers. The new Bitcoin mobile app is a financial technology service that uses unique Bitcoin payment mobile app software to allow consumers to acquire Bitcoin at the point-of-sale. The consumer can then use the cryptocurrency or digital currency to make a purchase at the store with ease. Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired 11 software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz’s technology. Epazz then markets the new cloud-based solutions to new and existing customers.
The “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 can generally be identified by the use of words such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe” and “continue” (or the negative forms thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that forward-looking statements are not guarantees of future performance, as well as that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc. assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that is not paid for by Epazz, Inc. Investors are encouraged to review Epazz, Inc.’s public filings on SEC.gov, including its unaudited and audited financial statements as well as its 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.