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Tuesday, November 29, 2022

Epazz, Inc. (OTCMKTS: EPAZ) Major Reversal Northbound as Crypto Operator Deploys the On-site Remote Assist (OSRA) Product to its Beta Customers

Epazz, Inc. (OTCMKTS: EPAZ) is on the move northbound after the Company announced it would start deploying the On-site Remote Assist (OSRA) product to its beta customers this quarter. Onsite Remote Assist (OSRA) allows field or remote technicians the ability to make onsite video calls to bring in experts via remote assistance. This technology will allow maintenance specialists, plumbers, and field workers to perform hands-free work using smart data glasses allowing access to local and distributed knowledge objects, automated expert mapping, and company-specific configuration. The OSRA can also allow field technicians to create live quality and inspection reports, video tutorials, and proof of work.

We have covered EPAZ before and we covered it when the stock ran to $0.149 back in August of 2020. The Company has growing revenues doing $511,633 in revenues in Q3, 2022 up from $434,538 in Q3 last year. For the 6 months ended June 30, 2022 the Company did $1,004,429 in revenues up from $832k for the same period in 2021. Earlier this year the Company reported it is launching credit cards/debit cards to the ZenaPay Blockchain Bitcoin wallet early this year. EPAZ CryObo Inc. will change how people transact real estate, digital assets, corps and raw materials by allowing companies to access the future value of their assets. The Company plans to launch Non-Fungible Tokens (NFT) marketplace for real estate deals early next year.   

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Epazz, Inc. (OTCMKTS: EPAZ) specializes in enterprise cryptocurrency blockchain mobile apps and cloud business process software with over 500 repeat customers. Epazz’s new Bitcoin Mobile app is a financial technology company that offers a unique Bitcoin payment mobile app software, allowing consumers to acquire Bitcoin at the point-of-sale. The consumer can then use 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 eleven 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 Company is led by CEO Shaun Passley, Ph.D. Mr. Passley has a Bachelor of Science in Finance and a Masters of Science in Information Technology from DePaul University, an MBA from Benedictine University, a Masters of Science in Product Development from Northwestern University, and a PhD from Benedictine University College of Business. Epazz is Dr. Passley’s second entrepreneurial endeavor. Dr. Passley has the creativity and entrepreneurial spirit necessary to identify a market opportunity and launch successful new ventures. Dr. Passley is responsible for Epazz, Inc. software and product development, overall design and research, and development of future products and services. 

EPAZ StreamPay was started in 2018 as the first blockchain project the company is developing. The company launched the beta version of the app in 2020. StreamPay app is a solution for companies to monitor their supply chain for risk of fraud using blockchain smart contract technology to trace raw materials to finished goods. StreamPay enables parties of a transaction to make policy decisions, and its smart contracts issue payments to suppliers when goods or services have been delivered, based on the terms of the smart contracts. The parties can pay in USD, Euros, or Cryptocurrencies, and the StreamPay wallet maintains the current local exchange rate. This provides users a worry-free payment experience that allows them to pay for small items without needing to buy and sell cryptocurrencies.  

EPAZ ZenaPay is being developed to solve a major problem in high-risk industries. Traditional banking systems do not allow high-risk industries to access their payment systems. ZenaPay offers a cutting-edge payment solution that gives consumers a way to buy items online or in stores using Bitcoin. The new Bitcoin payment software will allow consumers to use digital currency to make online or in-store purchases with ease. The process will also be anonymous because all transaction details are encrypted through Bitcoin, which will enable stores to accept digital currency instead of only cash. ZenaPay is available on the App Store and Play Store. The Company recently announced it is launching credit cards/debit cards to the ZenaPay Blockchain Bitcoin wallet early this year. 

EPAZ CryObo Inc. will be enhancing its software to give early access companies backed by real assets an easy way to access the token markets. The company’s platform will change how people transact real estate, digital assets, corps and raw materials by allowing companies to access the future value of their assets. The growth of Bitcoin and other cryptocurrencies is bringing new regulations for large financial service companies, which will require a smart solution to manage their growing portfolios. The Company plans to launch Non-Fungible Tokens (NFT) marketplace for real estate deals early next year.  

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Earlier this year EPAZ reported the CryObo Project in the UAE, which uses solar power technology to convert sunlight into Bitcoin, will be launching its token in the third quarter of 2022. The project allows token holders to share in the income generated from the Bitcoin mining operations. The company is finalizing agreements and plans to launch the token in the third quarter. The benefit to shareholders is that the capital is being raised from the token and not through the issuance of new shares. The company expects to increase its revenue with this new venture and use the proceeds to acquire more companies and develop new products. The Epazz CryObo technology will be using solar power for sustainable Bitcoin mining and NFT tokens for real estate tokenization. The company is creating a cooling technology to control the underground servers’ temperature. 

On November 2 EPAZ announced it would start deploying the On-site Remote Assist (OSRA) product to its beta customers this quarter. Onsite Remote Assist (OSRA) allows field or remote technicians the ability to make onsite video calls to bring in experts via remote assistance. This technology will allow maintenance specialists, plumbers, and field workers to perform hands-free work using smart data glasses allowing access to local and distributed knowledge objects, automated expert mapping, and company-specific configuration. The OSRA can also allow field technicians to create live quality and inspection reports, video tutorials, and proof of work.  

With the integration of Metaverse Technology with the OSRA feature, it will now be possible to perform freehand drawings, comments, and augmented reality information directly in the video stream between the back-end expert and the remote technician wearing the AR glasses. These combined technologies will allow live streaming of actual onsite situations, with the expert able to make annotations, draw arrows, or highlight possible structural defects that the technician must repair.  

Epazz Founder, Director, and CEO Dr. Shaun Passley commented: “OSRA can assist new technicians and maintenance crew with the help of seasoned experts operating virtually.” 

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Currently trading at a $1.6 million market valuation EPAZ OS is 536,012,852 with a public float of 50,021,508 shares. The Company has a number of exciting projects in the works that we have covered in previous articles including EPAZ ZenaPay, a new digital payment solution that gives consumers a way to buy items online or in stores using crypto. The process will also be anonymous because all transaction details are encrypted through Bitcoin, which will enable stores to accept digital currency instead of only cash. The Company recently announced it is launching credit cards/debit cards to the ZenaPay Blockchain Bitcoin wallet early this year. EPAZ CryObo Inc. will change how people transact real estate, digital assets, corps and raw materials by allowing companies to access the future value of their assets. EPAZ ran to $0.035 in January of this year and has a gap to fill from current levels and is starting to get noticed by investors here.  We will be updating on EPAZ on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with EPAZ.

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Disclosure: we hold no position in EPAZ either long or short and we have not been compensated for this article.

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