Epazz, a leading provider of cloud based business software solutions, today told investors that it is aware of shareholders’ frustrations with the recent performance of the stock. The company pointed out data that indicates more than 100 million shares could have been shorted in the month of August alone.
To view the short selling report on EPAZ, visit http://dtg.fm/epaz-short-selling
Furthermore, Epazz announced that Cooling Technology Solutions, Inc. (“Project Flex”) is finalizing its plans to spin off from Epazz. Epazz shareholders will receive shares in the spin-off company.
Only shareholders of record date will receive the dividend. The company approved a 1-10 stock dividend for shareholders of EPAZ. The spin-off of Project Flex will be above $0.01 per share. For each 10 shares of EPAZ common stock that a shareholder owns, the shareholder will receive 1 share of stock in the new Project Flex spinoff.
Epazz, Inc.’s CEO, Shaun Passley, said, “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.”
For more information on Epazz, visit www.epazz.com
Let us hear your thoughts: Epazz, Inc. Message Board