CHICAGO, IL, Nov. 08, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Epazz Inc. (OTC Pink: EPAZ), a business-critical provider of blockchain-cryptocurrency mobile apps and cloud-based business software solutions, today announced that CryObo technology will help farmers tokenize their crops through the issuance of NFT tokens to earn additional capital .
The Epazz CryObo technology enables the tokenization of farm crops and products. It allows farmers to raise capital for future terms and allows token holders to increase token valuations and earned income. It will enable industries to get additional funds to spend on crop production. Tokenization of farm products through CryObo technology can help food security by providing farmers with additional funding to invest in improving yields and farm practices.
Using the ZenaDrone 1000 technology, the unmanned aerial vehicle can scan the field and record the exact and actual health of the crops, allowing farmers to predict potential harvest yields at regular intervals.
It provides the opportunity to achieve general market demand by reaching farm owners, plantation associations and agricultural investors. Token holders will receive a share in the income generated from plant production and sales.
Epazz CryObo technology will also use solar energy for sustainable Bitcoin mining and NFT tokens for agricultural land tokenization. The company supports sustainable energy sources by creating a cooling technology to control the temperature of the underground servers.
Shaun Passley, Ph.D., CEO of Epazz Inc. and Chairman of the Board, said: “We are integrating ZenaDrone technology with the CryObo tokenization system to expand access to farm investment.”
About CryObo Inc.
CryObo Inc. will enhance its software to provide early access companies backed by tangible assets an easy way to access the token markets. The company’s platform will change how people trade real estate, digital assets, crops and commodities by allowing companies to access the future value of their assets. The growth of Bitcoin and other cryptocurrencies brings new regulations for large financial services 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 that delivers custom cloud applications to the corporate world, higher education institutions and the public sector. Epazz BoxesOS v3.0 is the complete web-based software package for small and medium businesses, Fortune 500 companies, government agencies and higher education institutions. BoxesOS provides a combination of many web-based applications that an organization would otherwise have to purchase separately. Epazz’s other products are DeskFlex (room planning software) and Provitrac (applicant tracking system).
SAFE HARBOUR
“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may generally be identified by the use of forward-looking language, such as “can”; “expect”; “have thought”; “estimate”; “predict”; “believe”; “Continue”; the negative or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that may cause the actual results to differ significantly 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 in 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 not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.’s public filings at SEC.gov and otcmarkets.comincluding its unaudited and audited financial statements and OTC Markets filings, which contain general business information about the Company’s performance and risks relating to the Company and its operations.
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