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Blockchain mobile app developer Epazz (OTC:EPAZ) reports Q3 highlights

Tony Zerucha



Epazz (OTC: EPAZ), a leading provider of blockchain mobile apps and cloud-based business software solutions, this week reported its unaudited third quarter results for 2018.

Quarterly revenue was essentially flat, coming in at $386,869 compared with $385,163 for 3Q17. The company reported an operating income of $28,520 and net income of $10,113. Interest expenses dropped from $34,771 in 1Q18 to $18,407 in Q3.

The company believes forming ZenaPay in Canada will assist in creating additional revenue streams. ZenaPay will be releasing a paid version of the app which will automatically submit data to Canadian regulators. Canadian operations will be established over the next few weeks.

The ZenaPay Plant Tracker app for the Canadian 420 market is available on the Google Play store for immediate download. It tracks plants from seed to harvest. 

“ZenaPay provides the company many new opportunities to expand our business,” EPazz CEO Shaun Passley said. “We believe this will assist in displaying the company true value. Our revenues are above our current market cap.”

New versions of cloud business applications

The newest version of EQM, version 4, is a new robust enterprise quality management system, food inspection software and audit software to assist government and business in compliance management.

Epazz said it has government and business customers using EQM. It is working to transition EQM into a serverless application. It describes EQM as having similar features to the food-monitoring system Dubai is implementing. The company will integrate its blockchain technology with EQM and will be integrating its patent-pending blockchain storage technology.

New products

FlexCube is a work-space management device to book desks or work spaces that also provides real-time availability status. It allows employees to see if desks are available when they get to the office. 

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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