PHOENIX, Feb. 28, 2013 /PRNewswire/
-- Endexx Corporation (OTC Markets: EDXC) announces
that due diligence is complete and terms of the technology
acquisition from Hayes Pharmacy Inc., are finalized. Endexx, in an
all restricted common stock transaction, will purchase and acquire
from Hayes Pharmacy Inc. (a Texas Corporation), the exclusive
operating technology, intellectual property, marketing and
ownership rights to all proprietary pharmaceutical/pharmacy
compliance, controls, privacy, verification, Point of Service,
taxation and operations platform. The platform is specifically
designed to service the medical marijuana industry and long term
chronic patient care with Schedule 2 and 3 drugs. The transaction
is secured with five million shares of rule(144) restricted stock
of Endexx Corporation. Upon satisfactory modifications and
customizing of the system by Hayes Pharmacy Inc., lead by Chief
Technology Engineer and co developer, Mr. J. Eric Mutter, to meet commercial grade
performance standards and service capabilities to the
specifications of the pharmaceutical industry and the medical
marijuana industry requirements, a second five million rule(144)
restricted common shares will be issued to complete the purchase
transaction.
Endexx's acquisition partner Timothy Hayes RPH., states, "As a
retail pharmacist in the pharmacy industry for 50 years, I
recognize the value and importance of management services.
The medical marijuana movement (MMM) is indeed experiencing a
move from infancy to adolescence. As this development occurs
management services are imperative to instill confidence and
provide competence to the grower, the prescriber, the dispenser,
the user, the tax authority and the regulator. The controls
needed by each of these elements are mandatory to manage an
industry in its "teen-age" years. I personally am very excited to
play role in the growth and management of this still controversial
industry. Having a relationship with the Endexx Corporation
gives us an opportunity to quickly expand our functioning in all
areas of the MMM. Sound investing should be based on
scientific evaluation. Our approach through ENDEXX is to
provide this science by means of management."
Mr. Hayes added, "Our platform will offer links to each of the
elements of the industry to access information helpful in the
efficient management of each quadrant. Accounting services,
legal services, financial services, news and information, and
many other beneficial issues will be available through the
portal. Timing is of great essence in any endeavor. We
are uniquely positioned because we address every issue objectively
to accomplish our goals. Our program developers are on
the cutting edge of technology and respond quickly to any changes
in the political or regulatory scene with modifications to software
for the benefit of each quadrant."
While the system is being modified and upgraded to meet the
requirements of the Medical Marijuana Industry, Endexx will be
preparing the new website, executive summary and business plan,
branding and marketing systems, business and operational plans, and
shareholder's awareness and education profiles.
CEO of Endexx, Todd Davis stated,
"With Mr. Mutter and Mr. Hayes and their significant experience and
expertise in the Pharmacy, Pharmaceutical Technology and Solutions
Industry, Endexx will aggressively develop an all encompassing,
core platform for the Medical Marijuana Industry." Mr. Davis also
stated, "Due to recent challenging economic times, this
industry has attracted many highly talented business, scientific
and entrepreneurial talents to an explosive economic business boom.
Harnessing the talent the industry attracts and providing a
collaborative platform for the entire industry will ensure its
success over the long term. The industry is currently
fragmented and chaotic and Endexx's mission is to provide an open
architecture and modular platform for all viable technology
innovations, business enhancements, collective political and
community organization, and old fashioned American Capitalism."
Contact: Todd Davis CEO
EndexxCorporation@yahoo.com
http://www.otcmarkets.com/stock/EDXC/quote
www.endexx.com
Safe Harbor Statement
This press release contains forward-looking information within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), including statements regarding
potential sales, the success of the company's business, as well as
statements that include the word "believe" or similar expressions.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Endexx to differ
materially from those implied or expressed by such forward-looking
statements. This press release speaks as of the date first set
forth above, and Endexx assumes no responsibility to
update the information included herein for events occurring after
the date hereof. Actual results could differ materially from those
anticipated due to factors such as the lack of capital, timely
development of products, inability to deliver products when
ordered, inability of potential customer to pay for ordered
products, and political and economic risks inherent in
international trade.
SOURCE Endexx Corporation
