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CHICAGO, IL, December 27, 2018 (GLOBE NEWSWIRE) – via NEWMEDIAWIRE – Epazz, Inc. (OTC: EPAZ), a leading provider of mobile blockchain apps and cloud-based business software solutions, today announced that the company has from its subsidiary, ZenaPay, Inc., in a Canadian company on November 30, 2018. Shareholders of Class A common stock, which are listed, will receive a share of ZenaPay's common stock for each share held. In addition, ZenaPay applied for a listing on the Canadian Securities Exchange this month and hired an experienced Toronto-based merger and acquisition consultant, Paul Khan, to assist in this complicated process.
ZenaPay was established on August 31, 2017 to capitalize on research and development of cannabis software solutions for companies and governments. ZenaPay launched ZenaPay Merchant and ZenaPay Wallet for the first time on December 31, 2017. The first products allowed ZenaPay to better understand blockchain technology and how it can help develop other cannabis software solutions. ZenaPay is currently developing a robust set of software applications all related to the cannabis industry. The new ZenaPay Merchant software product (soon to be renamed "Store Manager") will have new features such as point-of-sale, e-commerce, marketing, award cards (mobile app), inventory control, traceability from seed to shop, employee time sheets and live video. ZenaPay has signed an industry-exclusive software license with Epazz to use its software products for the point-of-sale, compliance and blockchain supply chain. ZenaPay is in the process of modifying the existing source code of licensed software products to adopt the code in the cannabis industry.
ZenaPay is an enterprise cannabis software and a blockchain solution provider specializing in payment solutions, plant trackers, cannabis business management software, supply chain blockchain management, compliance management and government control software. We are developing software for dispensaries, producers, growers and government inspectors. Our initial products provide simple solutions for plant monitoring and payment payments. We integrate our point-of-sale solutions with our compliance software to provide cannabis companies with solutions that follow their trajectory from a new company to a larger company through advanced support for analytical and mobile apps. Our solutions will also help government agencies with provincial / state and federal regulations and the auditing processes they create, to ensure that dispensaries and manufacturers comply with all regulations and regulations.
ZenaPay Plant Tracker
The ZenaPay Plant Tracker Canada app was created to record growing plant data. The recorded data helps monitor plant growth conditions and provide useful growing plant results in a more efficient way. This app also helps to identify potential problems during the plant growth process.
ZenaPay Plant Tracker tracks plants from seed to harvest. The first version provides an easy way for growers to monitor the different varieties of plants they collect for their businesses.
To allow the company to take full advantage of the Canadian market, ZenaPay is working with both its American and Canadian lawyers to set up Canadian operations.
Epazz's CEO, Shaun Passley, Ph.D., said: "We believe ZenaPay's spin-off will provide tremendous value to our shareholders."
Updates will be forthcoming
About ZenaPay, Inc. (www.zenapay.com):
ZenaPay is a cannabis software for businesses and a provider of blockchain solutions specializing in payment solutions, plant trackers, cannabis business management software, blockchain supply chain management, compliance management and government control software. We are developing software for dispensaries, producers, growers and government inspectors. Our initial products provide simple solutions for plant monitoring and payment payments. We integrate our point of sale solutions with our compliance software to provide cannabis companies with a solution that works with them when they start their business and become a bigger business with advanced support for analytical and mobile apps. Our solutions will also help government agencies from state to federal controlled regulation and from the auditing processes they create to ensure that dispensaries and manufacturers comply with all regulations and regulations.
Epazz, Inc. is a leading cloud-based software company specializing in providing customized cloud applications to the corporate world, higher education institutions and the public sector. Epazz BoxesOS ™ v3.0 is the complete web-based software package for small and medium-sized businesses, Fortune 500 companies, government agencies and higher education institutions. BoxesOS provides many of the web-based applications that organizations would otherwise need to purchase separately. Epazz's other products are DeskFlex ™ (a salt planning software) and Provitrac ™ (a candidate tracking system).
SAFE HARBOR
"Safe Harbor" Statement pursuant to the Private Securities Litigation Reform Act of 1995: some statements contained in this press release are "forward-looking statements" pursuant to the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified with use of forward-looking statements such as "can", "expect", "intend", "estimate", "anticipate", "believe" and "continue" (or its negative) 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 advised that any forward-looking statement is not a guarantee of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz, Inc. assumes no obligation and does not intend to update these forward-looking statements, and has no obligation to update or correct information prepared by third parties that are not paid by Epazz, Inc. Investors are advised to review Epazz, Inc. presents public documents on SEC.gov and otcmarkets.com, including its unaudited and certified financial statements and its deposits on OTC markets, which contain general information on the company's operations, the results of operations and risks associated with the company and its operations.
For more information, please contact: Investor Relations mailto: [email protected] (312) 955-8161 www.epazz.com
Source: Epazz, Inc.
