Epazz, a provider of cloud-based business software solutions for government, higher education, and the private sector, today said it has filed articles of amendments on its subsidiaries in order to effectively transition into a holding company via acquisitions and spin-offs.
“We are making the necessary changes to become a holding company. We will be incorporating new companies in the coming weeks,” EPAZ CEO Shaun Passley stated in the press release.
EPAZ intends on acquiring additional software companies to grow its revenues and assets for a possible listing on a stock exchange.
The record date for the company’s previously announced Project Flex spin-off is September 15, 2013, with a $0.01 dividend payable only to shareholders that have the share settle three days prior to the record date.
EPAZ approved a 1-10 stock dividend for its shareholders. For each 10 shares of EPAZ common stock that a shareholder owns, the shareholder will receive one share of stock in the new Project Flex spinoff.
For more information, visit www.epazz.com
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