SOURCE: Endexx Corporation

January 17, 2007 10:47 ET

Endexx Appoints Cullen Whitmire as Executive VP of Operations Technology

WARRENTON, VA -- (MARKET WIRE) -- January 17, 2007 -- Endexx Corporation (PINKSHEETS: EDXC), a leading provider of web-hosted document management solutions is pleased to announce the hiring of Mr. Cullen Whitmire as Executive Vice President of Operations and Technology. Whitmire previously worked for Electronic Data Systems, a global leader in technology services and business solutions.

Whitmire commented on his appointment, "After reviewing the XRM technology platform, I was very intrigued by the opportunities it provides; not just for the facilitation of board meetings, but for overall document management. I look forward to expanding the usage potential for both public and private companies of all sizes."

CEO Todd Davis, commented, "Cullen Whitmire brings valuable experience in software services. His expertise in linking business operations and technology capabilities into efficient business model implementation should allow us to efficiently exploit our market opportunities."

Whitmire added, "Visual Board Books provides a very comprehensive suite of document management processing tools that many companies will find extremely useful. I have seen companies lose hundreds of man hours to inefficient document management. Visual Board Books suite of tools should help companies eliminate many of those inefficiencies."

This management addition marks Endexx's ongoing efforts to broaden the company's expertise in the document management and corporate communication market. Endexx's sales and development focus has always been on the company's XRM Technology Platform, a transparency and best-practice corporate governance solution used to accommodate mandatory and strict regulatory guidelines placed upon corporate executives and board members.

About Endexx and Visual Board Books

"Creating a better experience for corporate governance."

Visual Board Books provides an intuitive, secure way to organize and distribute sensitive, secure and critical corporate documents and communications over the web. In this paperless, binder-free environment, directors and executives need nothing more than an internet connection to view board books or protected corporate materials. Now everybody in an organization has the latest version in real time, enabling executives and board members to be better prepared for meetings. Visual Board Books provides a SAS70 type II environment in which to create, deliver, edit, view, and retrieve all corporate documents and board books. Accessible through Visual Board Books' Executive Dashboard, it also provides a single, intuitive interface in which to communicate and confer with approved parties in a secure, enhanced environment.

As an on-demand web-based solution, Visual Board Books interacts seamlessly with legacy systems to:

--  Streamline a company's entire board experience, giving board members
    more time to properly review materials, prepare for meetings, and make
    well-considered decisions;
--  Improve communications among board members, as well as with other
    executives and approved consultants;
--  Securely extend access to select documents to approved sources without
    enabling access to the entire enterprise;
--  Provide 24/7/365 access and support, anywhere around the globe.
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. Additional information on these and other factors may be included on future 10-Q and 10-K reports. 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 customers to pay for ordered products, and political and economic risks inherent in international trade.

Contact Information