Epazz, Inc. Reports Record Increase of Positive Operational Income for 2017, Expects Continued Revenue Growth On Blockchain Efforts

After a severe selloff for shares of Epazz, Inc. (OTCPK:EPAZ), the stock is finally seeing a bit of life come back into it with news that the Company has announced operational income of over $628,000, unaudited numbers, which represent a 103% increase from the 2016 numbers.

Additionally, Epazz had positive net income for 2017, a full audit is expected in the next several weeks.

Epazz already has over five blockchain mobile apps available to download. Additionally, the Company is finishing up development on Cordtell, its patent pending blockchain smart legal contracts solution as well as the development of its patent pending blockchain patient portal solution.

Finally, in the coming weeks, Epazz will release its Social Media Blockchain Decentralized Platform, which removes the middleman and allows users to have more control over their data and how they connect with others. The app will be available in the Apple App Store and on Apple Play.

Epazz, Inc. CEO Shaun Passley stated in today’s press release, "In 2018, we expect to continue to grow. We have been adding new blockchain products and fine-tuning our marketing efforts. The company will be launching to new websites for all of the products this year."

As mentioned off the top, shares of EPAZ have simply been decimated over the last few months as the blockchain sector has seen a major pullback amid frothy valuations in late 2017. Shares of EPAZ are currently down 86% from their mid-December highs, however, today’s news has propped the stock up 8.35% to $0.0727 in late-afternoon trading as investors applaud the financial results and the blockchain sector begins to show it’s first signs of bullishness in months.