CHICAGO, IL, July 19, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Epazz Inc. (OTC Pink: EPAZ), a mission-critical provider of drone technology, blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that CryObo Technology would help farmers tokenize their crops through the issuance of NFT tokens in order to earn extra revenue.
The recent court decision in favor of Ripple allows US Farmers to take advantage of CrybObo technology. Users of CrybObo will not need to file a registration statement for their tokens. The company will issue tokens for customers in accordance of the Court Decision. The company has been working on CryObo software which enables the tokenization of farm crops and produce. It allows farmers to raise capital immediately based on achieving future milestones and lets token holders evaluate the earned income of the token. It will enable industries to gain additional funding to spend on crop production. Tokenization of farm produce through CryObo Technology can help food security by providing farmers the additional funding to invest in improving crop and farm practices.
With the help of the ZenaDrone 1000 technology, the unmanned aerial vehicle can scan the field and record the accurate and actual health of the crops so farmers can monitor and more accurately predict potential harvest yield. In addition, it will allow farmers to make potential adjustments to irrigation, fertilization, and weed control during the growing season.
The NFT Tokens expand the market, and provide the opportunity to reach farm owners, plantation associations, and agricultural business investors. Token holders will get a share in the income generated from the tokenization of crop production and produce.
Epazz CryObo technology will also use solar power for sustainable Bitcoin mining and NFT tokens for farmland tokenization. The company supports sustainable energy sources by creating a cooling technology to control the underground servers' temperature.
Shaun Passley, Ph.D., Epazz Inc. CEO, and Chairman, said, "Forward cash contracts have been used in the farming business for decades. We are essentially integrating ZenaDrone technology with the CryObo tokenization system to achieve a transparent open ledger digitization of these forward cash contracts which facilitates expanded access to farm investing."
About CryObo Inc.
CryObo Inc. will enhance its software to give early-access 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, crops, and raw materials by allowing companies to access the future value of their assets. The growth of Bitcoin and other cryptocurrencies brings 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 that provides 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"; "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 OTC Markets filings, which contain general business information about the company's results, 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
