Epazz Completes Distribution Ethereum for HEMP IEO and Forms New Company Named

CryObo, Inc.

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.”

About Epazz 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. Epazz’s other products include K9Sky.com kennel software and the Provitrac applicant tracking system.