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EPAZ News Just Hit the Wire!
This morning we've seen some good opening momentum carry over from yesterday. What I think could continue to fuel this run is today's News that hit the wire just shortly after I had sent my morning update:
Epazz Stock Dividend: Epazz Filed Corporate Action With FINRA for ZFridge (Project Flex) Spin-Off;
Record Date Set for September 15, 2013Today Epazz, Inc. announced that the company had filed corporate action for ZFridge (aka Project Flex) Spin-off with FINRA. The ZFridge Spin-off record date is September 15, 2013. According to EPAZ, the company is working with a patent attorney to file the non-provisional patent. The company has filed the provisional patent, but once the non-provisional patent is filed; the company can make public disclosures of the product.
"This is our first spin-off, but not the last spin-off. Our business plan provides long-term shareholders multiple opportunities for stock dividends. We believe transitioning Epazz to a holding company will provide long-term value."
~Shaun Passley, Epazz, Inc. CEO~
Last night I had explained that EPAZ was in a transitional period looking to become a holding company and grow through acquisitions and spin-offs to increase shareholder value. This being just the first "but not the last" suggests to me that management plans to continue down this same path. Project Flex (a dorm room sized refrigerator product) was originally set-up under Cooling Technology Solutions, Inc., and is changing its name to ZFridge, Inc. Based on EPAZ offering a dividend to shareholders of this September record date, the company needed to file the proper corporate actions for the dividend to be paid out through DTCC (an organization needed for electronic distribution of the spin-off shares to shareholders' brokerage accounts). With this now in place, I think EPAZ is headed in the right direction to continue its growth strategy, making it evident to the public that it will accomplish what it sets out to and additionally making it very easily accessible for shareholders to receive their dividends.
Fundamentally speaking, Epazz Inc has been on a tare since it has begun publicly trading including a realized 1,000 percent increase in rev's, 500pct increase in client base (over last 3 months), and an increase of 82% in first quarter revenues. ... just to name a few. Now that it's ready to roll out the first spin-off the company is continuing to engage the public with consistent updates and I feel that EPAZ is working to generate more attention while offering more benefits through current and new shareholders through this dividend. This could be the very early stages of growth in its latest transition to a new business model as well. Shaun Passley states, "The holding company model is the best way to reward shareholders of our Company. We are aggressively pursuing additional acquisitions and have several spin-offs which we are working on...We are cleaning up the balance sheet and continuing to grow at the same time. I expect the remainder of 2013 and into 2014 to be a good time for shareholders of EPAZ."
Pull up EPAZ and let's see if today's announcement spark even more momentum for new highs to be tested!
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