SOURCE: Endexx Corporation

May 11, 2006 10:36 ET

Endexx to Demonstrate Lipper and XRM Third Party Data Integration at ICI May 17-19, 2006

WARRENTON, VA -- (MARKET WIRE) -- May 11, 2006 -- Endexx Corporation (OTC: EDXC), provider of XRM and Visual Board Books corporate governance solutions, announced today that Lipper and Endexx will demonstrate Visual Board Books to Lipper's clients in attendance at the Investment Company Institute's 2006 General Membership Meeting (GMM), Wednesday, May 17 through Friday, May 19 in Washington, DC. The meeting is the largest annual gathering of the nation's mutual fund executives and service providers.

As previously announced, Lipper will introduce its clients to Visual Board Books and XRM Technology Platform. Visual Board Books/Lipper Interface technology will provide online board books, such as advisor contract renewal (15(c)) reports, and more to Lipper's clients.

"Visual Board Books XRM Technology Platform is a value added service offered to Lipper's clients," stated Todd Davis, CFO of Endexx. "Our platform provides savings in time and money, and creates a more transparent reporting system for the mutual fund industry. Endexx is eager to engage mutual fund companies that have anticipated this technology breakthrough."

Endexx recently enhanced Visual Board Books' third party data integration in its 2.0 release, as well as its functionality. The pioneering relationship with Lipper added additional functionality, allowing them to upload their reports directly into their customers' board books.

Enhanced security allows third parties, such as Lipper, the ability to import into a client's Visual Board Books account. With a few quick keystrokes, Visual Board Books administrators can grant access to anyone for the purpose of uploading data -- while limiting them to a specific area of their board book or document library.

"It has been a common theme that our customers consistently need to allow people outside of their company to contribute information for inclusion in their board books. With our 3rd party data provider integration, we give our customers a powerful, efficient means of exporting and importing documents without sacrificing security or privacy," stated Gordon Humphrey, CIO Endexx. "This functionality, which was originally introduced to import Lipper reports for their customers, offers ultimate flexibility for uploading data from different locations."

Endexx is continuing to look at additional ways that Visual board Books and XRM can be integrated with other online services and data providers.

About Lipper

Lipper, a wholly owned subsidiary of Reuters, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries, and media organizations. Lipper clients manage more than 95% of U.S. fund assets. The firm, founded in 1973 and headquartered in New York, tracks 125,000 funds worldwide through its offices in major financial capitals in North America, Europe, and Asia.

About Endexx

Endexx has focused all of its resources to position XRM Technology™ as the dominant corporate governance ePortal board book solution and platform for highly regulated industries. Visual Board Books is the flagship product of publicly traded Endexx Corporation, a company dedicated to providing online board books for corporate governance to private, non-profit and public companies.

Visual Board Books provides a web-based service that helps corporate boards maintain their board books efficiently and cost-effectively. The service is powered by the company's eXecutive Relationship Management™ technology (XRM). The 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; real-time calendar and scheduling systems; documents, committees, email and contact lists; telephone and video conferencing; and a unique drag and drop Agenda Designer™.

Contact Information

  • Contact:

    Michael Atkins, CEO
    Endexx Corporation
    (540) 878-2000

    Todd Davis, CFO
    Endexx Corporation
    (480) 595-6900