SOURCE: Endexx Corporation

July 14, 2005 12:18 ET

ENDEXX Corporation Completes Merger With Visual Board Books, Inc.

Company Becomes the Only Public Service Provider for Creating and Managing Online Electronic Visual Board Books

SCOTTSDALE, AZ -- (MARKET WIRE) -- July 14, 2005 -- ENDEXX Corporation (OTC: EDXC), a company dedicated to providing online board books for corporate governance to the highly regulated mutual fund, banking, energy and multi-subsidiary public company industries, is pleased to announce that it has completed a merger with Visual Board Books, Inc. The company becomes the only public service provider creating and managing electronic visual board books online with an executive portal to assist with corporate governance, risk management and regulatory compliance.

Michael Atkins, Chief Executive Officer of Endexx Corporation stated, "We are pleased to complete the merger between Endexx and Visual Board Book's, bringing the new XRM Technology Platform into a public corporation that uses what is now its own tools and services to improve corporate governance for its directors and committees." Atkins, the founder and visionary of the new 'application framework methodology' worked with close friend Gordon Humphrey, developer, in building XRM's first application -- Visual Board Books.

XRM Technology is a methodology and set of tools that help a company's officers and directors, who may be located in different locations, develop, manage and approve critical corporate data and documents in a real-time, secure and controlled environment. XRM tools allow executives to control access through setting permissions for individual or departmental users. XRM secures data and information with multi-level security to prevent breaches from outsiders and employees who do not have access to certain information.

"Our strategy is to remove all obstacles from the executive decision path. We offer a free 30-day trial to allow users to learn and adopt Visual Board Books, and an unconditional 30-day money back guarantee," stated Todd Davis, CFO of ENDEXX Corporation. "Our product provides 'Fort Knox' level security and 'high touch' support from professional technical and customer support personnel. The bottom line is that we save our customers time and money!"

ENDEXX has refocused all of its resources to position Visual Board Books' XRM Technology™ as the dominant Eportal board book solution and platform for the highly regulated corporate governance industry. Endexx will introduce and position its XRM (eXecutive Relationship Management™) Platform to service highly regulated industries, such as mutual funds, banks, energy and utility companies and public companies with multiple subsidiaries.

For a free trial, apply online at

About Visual Board Books

Visual Board Books, Inc. is a division of publicly traded ENDEXX Corporation, a company dedicated to providing online board books for corporate governance to the mutual fund industry.

Visual Board Books provides a web-based service that helps corporate boards maintain their books efficiently and cost-effectively. The service is powered by the company's eXecutive Relationship Management™ technology (XRM). This new, proprietary XRM-based solution enables executives, directors, counsel and staff the ability to manage board books and critical corporate information online, reducing risk. Features include: archival and real-time books; calendar and scheduling; documents, committees, email and contact lists; telephone and video conferencing; and a unique drag and drop Agenda Designer™.

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.

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