Endexx Hires Leading Independent Audit Firm
May 28 2014 - 8:45AM
Marketwired
Endexx Hires Leading Independent Audit Firm
Management Advances Towards Becoming Fully Reporting Public
Company
CAVE CREEK, AZ--(Marketwired - May 28, 2014) - Endexx
Corporation (OTC Pink: EDXC) (PINKSHEETS: EDXC), a provider of
innovative medical marijuana management and technology solutions,
announced today it has engaged the services of Anton & Chia
LLP, the largest West Coast public accounting firm
(http://www.ancsecservices.com/anton-chia-llp-becomes-the-largest-west-coast-pcaob-audit-firm/),
as its independent auditor. Anton & Chia will audit Endexx's
financial statements from fiscal 2012, ended September 30, 2012,
through March 31, 2014, the second quarter of fiscal
2014.
Todd Davis, CEO Endexx stated, "Transparency, compliance and
accountability are principles on which our company operates, and
are a driving force behind the technology and services we provide
to the cannabis industry. Hiring a leading audit firm with
experience in software and life sciences will allow Endexx to
provide investors with the transparency they need to make sound
decisions. Additionally, this will lay the groundwork for
uplisting to a major exchange when our growth permits. In the
meantime, we will be working with our audit and legal teams to meet
the OTCQB standards."
The objective of the financial statement audit is the expression
of an opinion about whether such financial statements are fairly
presented, in all material respects, in conformity with accounting
principles generally accepted in the U.S. ("GAAP"). Our audit will
be conducted in accordance with the standards established by the
Public Company Accounting Oversight Board ("PCAOB"), and will
include tests of the Company's accounting records. The initial goal
for Endexx is to qualify under OTCQB standards as a fully reporting
company, elevating our degree of transparency.
About Endexx Endexx provides innovative medical marijuana
management and technology solutions. The Company has two products
that launched in the first half of 2014 -- the m3hub and the
Autospense™. Both products provide essential solutions to promote
regulatory compliance and full accountability through "seed to
sale" inventory management and tracking. Based on principles
developed by the pharmacological industry, the m3hub database is
the first standardized software platform for tracking
pharmaceutical grade marijuana to support a Centralized Medical
Marijuana Industry Repository and maintain compliance with the laws
of the federal government and state and local regulatory bodies.
The Autospense™ is a high-tech marijuana inventory control and
dispensing machine, which provides up to the minute accounting
details and protects the security of the product as well as the
patient. By automating the dispensing process, Autospense™
increases productivity and reduces costs for marijuana retailers,
while enhancing their service quality by reducing transaction time
for customers. www.endexx.com, www.m3hub.com,
www.autospense.com
Safe Harbor Notice This press release may contain
"forward-looking statements" within the meaning 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.
CONTACT: For further investor and media information Endexx
Corporation Todd Davis Chairman & CEO endexx@endexx.com
480-595-6900 IRTH Communications Robert Haag Managing Director
edxc@irthcommunications.com 866-976-4784
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