The list of upcoming spins is now a little shorter. After an internal strategic review, Marchex (MCHX) announced that it was tabling plans to spin off Archeo, its domain name business, to shareholders. After selling off certain Archeo assets earlier this year, the company determined that Archeo’s ‘small financial profile’ didn’t make sense for an independent company given… Read More »
Epazz(EPAZ) continues to push the envelope on the bare minimum of substance a spinoff must have. Consider its latest gem of a press release: Epazz a leading provider of cloud based business software solutions, announced today that the Company is moving quickly forward with the Project Human Mobile Power spinoff. Epazz is currently working with a Patent attorney… Read More »
With the ink barely dry on its press release announcing the spin off of Project Flex(now known as Cooling Technology Solutions, Inc.), Epazz(EPAZ) has announced a second spin based on a vaporous idea. The company announced a heretofore unmentioned “business” that it would be spinning off that it is calling Project Human Power. What does this business do?… Read More »
Call us old fashioned, but we believe a public company should be a working business- not merely an idea. Shaun Passley, CEO of Epazz(EPAZ) clearly disagrees. As we discussed last week, he plans to spin out companies like cake batter from an out of control mixer. Since then, the company has announced its first spinoff, Project Flex, and… Read More »
While we’ve seen press releases from Epazz(EPAZ) before, we just never bothered writing about it. We hope you’ll forgive us. After all this nanocap has shared no specifics, just hype about a slew of upcoming spinoffs, from a company which itself has a market cap of under $2.5 million. The company’s hype-filled press release yesterday, titled “Epazz Transitioning… Read More »