GlobeNewswire Inc | May 11, 2021 08:30AM EDT

May 11, 2021

CHICAGO, IL, May 11, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire--Epazz Inc. (OTC: EPAZ), a provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the company has worked with CBD Hemp corporation to distribute its tokens to cryptocurrency investors. The company has created custom software to automatically distribute the tokens. The company has formed a subsidiary called CryObo, Inc. in order to market the software to other IEOs.

CryObo will continue to develop cryptocurrency software, which will help with managing IEOs projects, crypto assets for large financial firms, and the accounting assets of crypto assets. The growth of Bitcoin and other cryptocurrencies is bringing new regulations for large financial service companies, which will need a smart solution to manage their growing portfolios.

Epazz spun off ZenaTech, Inc., which initially started as a Bitcoin wallet to manage payment solutions for Hemp products. Now, it is a growing drone company with a payment solution and compliance software.

CryObo, Inc. will be enhancing the software to give companies that are interested in launching their IEO an easier way to create and modify their smart contracts without needing a programmer.

According to R.W. Carlos, senior economist and researcher at De Meijer Independent Financial Services Advisory, the global blockchain market size will grow exponentially in 2021. More businesses from many industries have expressed their increasing interest in using blockchain technology to advance their business processes. The COVID-19 pandemic has fast-tracked the digital transformation drive in many aspects, including distributed ledger or blockchain technology. Thus, the global blockchain market size will expand from US$3 billion in 2020 to US$39.7 billion by 2025 at an effective compound annual growth rate of 67.3%.

Shaun Passley, Ph.D., CEO and chairman of Epazz, Inc., said in a comment,CryObo is a software program which will be expanding into an enterprise-level cryptocurrency management solution. We believe there are great opportunities for cryptocurrency, and CryObo will take it to the next level.

AboutEpazz Inc. (www.epazz.com)

Epazz Inc. is a provider of blockchain apps and a 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 a complete web-based software package for small- to mid-size businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides many of the web-based applications organizations would need to purchase separately otherwise. Epazzs other products include K9Sky.comkennel softwareand the Provitracapplicant tracking system.

DeskFlexis adesk booking solutionandroom reservation softwareuseful for booking conference rooms, meeting rooms, workspaces, desks, car parking spaces, and office equipment. DeskFlexs meeting room scheduling system helps office managers accommodate remote workers time in the office, reducing rent and facility costs. DeskFlex lets employees reserve desks in advance or claim desks right away. It adjusts thetelephone switch (PBX)so calls ring at the desk du jour. DeskFlex includes check-in, point-and-click floor maps, a web browser, a local kiosk, Microsoft Outlook integration, and conference room scheduling.

SAFE HARBOR

This is the Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: certain statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward-looking words such as may, expect, intend, estimate, anticipate, believe, continue (or the negation thereof), 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 cautioned that no forward-looking statement is a guarantee of future performance and that actual results may differ materially from those contemplated by such statements. Epazz Inc. assumes no obligation and has no intention of updating these statements. It has no obligation to update or correct information prepared by third parties that are not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC market filings, which contain general business information about the companys operations, results of operations, and risks associated with the company and its operations.

CONTACT: For more information, please contact:

Investor Relations

investors@epazz.net

https://twitter.com/epazz?s=20

(312) 955-8161

www.epazz.com