CAVE CREEK, AZ-(Marketwired - Jan 28, 2014) - Endexx Corporation
(OTC Pink: EDXC) announces publicly its long term collaboration
with Xeden Cloud Concepts, Inc. known internally as "Project
Xendex." For the past 12 months, Endexx and Xeden have fully
developed the core engine and architecture that supports and
integrates the M3Hub Platform. The companies have executed an
exclusive Worldwide Licensing and Technology Services
Agreement.
Xeden's Cloud-based Asset/Agriculture Inventory Tracking System
(CAITS) is a proprietary supply chain management platform that
connects growing, processing and distribution cycles. The
system integrates Point of Sale (POS) technologies and Payment
Gateway solutions that directly address the current banking
regulatory challenges and restrictions and gives Endexx a unique
advantage in payment processing for medical and recreational
marijuana dispensers and retailers. The POS application helps
eliminate costly kiosks and machines as components of the
transaction process and can be easily integrated into mobile
devices and content rich social media platforms.
Stephen Fentl, President of Xeden Clouds Concepts, stated: "Our
Cloud-based Asset Inventory Tracking System does more than just
meet the needs of marijuana growers, marijuana dispensaries,
consumers, and government regulators; CAITS also provides state of
the art security, real time distribution of funds to all parties
(including government) taxes, and the world's first media-centric
rights exchange. CAITS improves the efficiency, profitability,
tracking capacity, sale, and regulatory compliance for growers and
dispensers of marijuana, both medical and recreational. In
addition, CAITS provides a POS (Point of Sale) system that is
directly integrated with merchant gateways for seamless processing
of financial transactions that resolves the banking and tax related
issues of the marijuana industry."
Michael Short, Founder and Systems Architect of Xeden Cloud
Concepts, stated: "While CAITS provides a comprehensive inventory
management and point of sale product it is unique in that the level
of tracking it can provide goes beyond industry norms to achieve
the unprecedented granularity required by new regulations. CAITS is
unique because it is actually a large collection of related cloud
applications that can organize contacts, purchase orders,
prescriptions, inventory, point of sale, and payment processing.
Unique to CAITS is an integrated media library securely managing
reports, photos, videos, and all digital media for a business.
Xeden Cloud Concepts has been working with Endexx to insure its
CAITS collection of cloud applications fully meet the rigorous
requirements of governments and regulatory agencies overseeing
evolving marijuana-related businesses."
Todd Davis, CEO of Endexx, stated: "This historic strategic
alliance with Xeden is the culmination of one year of thorough due
diligence and collaboration. It solidifies our technological and
process integration superiority in 'Seed to Sale' management and
inventory tracking that none of our competitors can claim. The
platform is ready for deployment for marijuana program oversight
administrators, growers, processors, retailers, medical patients
and users. A product demo will be made available through endexx.com
in February."
Xeden's core innovation and expertise lies in the Digital Rights
Exchange that is comprised of a user management system that
includes secure user data management, hierarchical relationships,
multiple levels of access, multiple account types and privileges
and credit management. The second component is the Rights Exchange
that provides the transactions between account holders and grants
access to previously registered digital and physical assets.
As per the Technology Services Agreement, Xeden provides Endexx
online proprietary work flow, tracking, CRM, and other cloud
services software which enables users to securely collect, manage,
create, publish, transmit and distribute customizable formatted
content via digital and non-digital means. Xeden, through M3Hub,
also provides use of its online software, via a browser interface
and data encryption, for transmission, access, storage and
messaging in a cloud.
Todd Davis stated, "The human resource and talent pool utilized
in 'Project Xendex,' harnessed scientists that built some of the
most revolutionary technologies used today. Like the
flight simulators for commercial Boeing Airliners, the DVR and need
to avoid commercials, and the world of real time digital media
integration. Michael Short and his team assure a sustainable and
reliable standardized technology platform the whole Marijuana
industry can rely on, and we are fortunate to all have access to
this scientific superiority. Alexander Graham Bell, the
renowned inventor and scientist, would be very proud."
Michael Short, Chairman and CTO of Xeden, is a successful
entrepreneur and a technologist who has authored international for
a variety interactive products and has participated on the design,
building and programming of Radio and Television facilities and
related equipment. His accomplishments include among others work
with Sony, Apple, Microsoft, Toshiba, Phillips, ABC, Paramount and
Fox. His designs also have influenced live productions for the past
25 years and he shares Emmy honors including "The Most Complex
Special Effect Ever Performed on Broadcast Television." As a
production specialist, he has programmed, designed, directed,
and/or produced hundreds of events including The Rolling Stones,
Genesis, Tina Turner, Janet Jackson, and U2. As an expert in the
field of cybernetics, Michael is versed in over 273 computer
protocols and 10 programming languages.
Stephen Fantl is the president of Xeden. Stephen has been a
technology consultant and administrative director for humanitarian
organizations for the past decade. His focus is on leveraging of
communications technologies to improve organizational
effectiveness. Stephen implemented one of Xeden's first clouds with
"Pathways To Peace," an organization he oversees technology for and
has high level Consultative II Status with the United Nations
Economic and Social Council (UNESCO). Stephen founded the United
Nations International Day of Peace Broadcasts and along with
Michael Short has integrated Xeden Cloud Broadcasting protocols
which are now used in the yearly Peace Day Broadcast.
About Endexx : www.endexx.com,
www.gsgsolar.com, www.m3hub.com, www.autospense.com,
www.THCFinder.com
Endexx Corporation is a
micro-cap publicly traded company, representing the interest of its
shareholders and collaborating with independent software
architects, scientists, engineers, and other companies to build
businesses that can thrive collectively in the equity markets.
Endexx's team recognizes that individually small companies with new
technologies have an extremely difficult time sustaining themselves
as stand-alone companies. Through our collaborative practices,
individual and group skill sets are better utilized to develop
technology and grow the business, while centralizing costs and
eliminating redundancies.
The Endexx management team and
its advisory group each have at minimum 10-50 years of experience
in their respective fields. The business professionals associated
with the direction of the company all have experience growing
businesses, developing and implementing new technologies and
running publicly traded corporations.
Endexx Corporation is
ultimately structured to provide a platform for entrepreneurs to
thrive, offering maximum return on investment through equity
ownership in the parent corporation. Each individual is a
shareholder and is encouraged and self-driven to be successful and
contribute to the overall objective of increasing shareholder
value.
Contact Endexx via email to
receive corporate news and updates at Endexx@endexx.com.
http://www.otcmarkets.com/stock/EDXC/quote
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of the Private Securities Litigation Reform Act of 1995, such as
statements relating to financial results and plans for future
development activities, and are thus prospective. Forward-looking
statements include all statements that are not statements of
historical fact regarding intent, belief or current expectations of
the Company, its directors or its officers. Investors are cautioned
that any such forward-looking statements are not guarantees of
future performance and involve risks and uncertainties, many of
which are beyond the Company's ability to control. Actual results
may differ materially from those projected in the forward-looking
statements. Among the factors that could cause actual results to
differ materially from those indicated in the forward-looking
statements are risks and uncertainties associated with the
Company's business and finances in general, including the ability
to continue and manage its growth, competition, global economic
conditions and other factors discussed in detail in the Company's
periodic filings with the Security and Exchange Commission. The
Company undertakes no obligation to update any forward-looking
statements.
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