CAVE CREEK, Ariz., July 28, 2013 /PRNewswire/ -- Endexx
Corporation (OTC: EDXC) was interviewed and featured in a recent
press release by the Orange County Register and its affiliates. For
reference see article:
http://www.ocregister.com/articles/derobbio-518195-machine-marijuana.html
(1)
Endexx Corporation has been interviewed by multiple news
agencies over the last several months regarding the
Autospense dispensing technology. Each news agency has
interviewed the company from unique and diverse angles. This
report offers an alternative understanding of the Medical Marijuana
Movement and the direction Endexx is going. Both Todd Davis,
CEO of Endexx Corporation and Joe
DeRobbio, President of Dispense Labs, were
interviewed. The article offers unique visions and realities
of this new and exciting business opportunity.
Highlights:
By the numbers
$3,000: the highest monthly price
to lease the Autospense machine
789: number of marijuana compartments in each machine
5: number of machines manufactured so far
1.5 million: lines of code in the Autospense machine's
software
$5 million: approximate cost of
software development
In separate coverage the Aliso Viejo Patch reported:
http://alisoviejo.patch.com/groups/business-news/p/marijuana-from-a-vending-machine-believe-it-dude (2)
"The machines identify patients by scanning their thumbs and
medical marijuana cards. Once identified, a customer uses a
touch-screen monitor to select a purchase from nearly 800
individual marijuana compartments. Then the machine's custom
software tracks what's purchased, who purchased it, when and how
often. That creates a paper trail that could help dispensaries stay
on the right side of the law," DeRobbio said.
"DeRobbio currently has five machines built, and says he has
orders coming from California
other western states, including Colorado, Washington and Arizona. The machines play into Endexx's plan
to become a hub of medical marijuana technology with the end goal
of becoming "one of the key companies in the sustainability and
growth of the Medical Marijuana Industry." While Endexx CEO
Todd Davis acknowledges the legal
challenges facing the industry currently, he says he wants his
company in the ready position if the federal government
reclassifies marijuana."
About Endexx:
Endexx Corporation is a micro-cap publicly traded company,
representing the interest of its shareholders and collaborating
with independent software developers, 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,
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.
(1) Orange County Register
(2) Aliso Viejo Patch
SOURCE Endexx Corporation
