Epazz's CryObo Project in UAE Moves Closer to Tokenization & Increasing Shareholder Value
Epazz Inc. (OTC Pink: EPAZ) announced a significant advancement with CryObo, a UAE-based project utilizing solar power to convert sunlight into Bitcoin. The project will involve tokenization of real estate, allowing token holders to earn income from bitcoin mining operations. Proceeds will fund land acquisition and facility construction in Dubai. The initiative aims to enhance capital raising for real estate developers and improve asset liquidity. CEO Shaun Passley expects the technology to launch mid-year, positioning Dubai as the pilot city for this innovative system.
- Token holders will receive a share of income from bitcoin mining, enhancing investor appeal.
- Tokenization of real estate provides better capital-raising terms for developers.
- Use of solar technology promotes sustainability and aligns with green energy initiatives.
- None.
Token Holders will get a share in the income generated from the tokenization of Real Estate Property
CHICAGO, May 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire - Epazz Inc. (OTC Pink: EPAZ), a mission-critical provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that CryObo Project in UAE which uses solar power technology to convert sunlight into Bitcoin will be tokenizing the project allowing token holders to share in the income generated from the bitcoin mining operations.
The company is working with experts who have succeeded in other similar projects in the past. The proceeds from the tokens will be used to complete the land acquisition and to build out the facilities in Dubai, UAE.
CryObo real estate tokenization will allow real estate developers to raise capital at better terms and let the token holder raise appraisals of the tokens and earned income. It provides the opportunity to match public market demand by reaching commercial real estate companies, asset managers, private investors, investment funds, financial consultants, banking institutions, and more. Token holders will get a share in the income generated. The Epazz CryObo technology will be using Solar power for sustainable Bitcoin mining and NFT tokens for real estate tokenization. The company is creating a cooling technology to control the underground servers' temperature.
Shaun Passley, Ph.D., Epazz Inc. CEO, and Chairman, said, "We anticipate the taking off of the CryObo technology in midyear and Dubai as the pilot City to implement the real estate tokenization system."
About CryObo Inc.
CryObo Inc. will be enhancing its software to give early access to companies backed by tangible assets an easy way to access the token markets. The company's platform will change how people transact real estate, digital assets, corps, and raw materials by allowing companies to access the future value of their assets. The growth of Bitcoin and other cryptocurrencies is bringing new regulations for large financial service companies, which will require a smart solution to manage their growing portfolios.
About Epazz Inc. (www.epazz.com)
Epazz Inc. is a leading 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 the complete business web-based software package for small to midsize businesses, Fortune 500 enterprises, government agencies, and higher education institutions. BoxesOS provides a combination of many web-based applications that an organization would otherwise need to purchase separately. Epazz's other products are DeskFlex (room scheduling software) and Provitrac (applicant-tracking system).
SAFE HARBOR
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 generally can be identified by the use of forward-looking languages, such as "may," "expect," "intend," "estimate," "anticipate," "believe," and "continue," the negative thereof or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance, and actual results may differ materially from those contemplated by such forward-looking statements. Epazz Inc. assumes no obligation and has no intention of updating forward-looking 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 Markets filings, which contain general business information about the results of its operations, and risks associated with the company and its operations.
Contact
For more information, please contact
Investor Relations
investors@epazz.net
312-955-8161
www.epazz.com
FAQ
What is Epazz Inc.'s recent announcement regarding CryObo?
How will token holders benefit from the CryObo project?
What technology does CryObo use for bitcoin mining?
When is the expected launch of the CryObo technology?
What are the financial implications of real estate tokenization for developers?
