SOURCE: Endexx Corporation

May 02, 2006 09:00 ET

ENDEXX Visual Board Books Selected by Fortune 500 Insurance Company

WARRENTON, VA -- (MARKET WIRE) -- May 2, 2006 -- ENDEXX Corporation (OTC: EDXC), provider of Visual Board Books corporate governance solutions, announced today that it has entered into a contract with a Fortune 500 insurance provider. The customer is rated in the top 20 largest insurance providers in the country according to the April 2006 edition of Fortune Magazine.

"The fact that a Fortune 500 company has chosen ENDEXX's Visual Board Books solution for their corporate governance needs is validation that our product provides the security, ease of use and performance required by the most highly regulated industries," stated Todd Davis, ENDEXX CFO.

ENDEXX currently provides its service to the banking, insurance, energy and utility, and mutual fund markets. ENDEXX's XRM provides the most versatile platform in the industry today, with SAS 70 type II security, the most secure hosted environment available. Visual Board Books service is a per user priced business model, allowing corporations to implement the system affordably and expand its scope over time.

About ENDEXX

ENDEXX has focused all of its resources to position XRM Technology™ as the dominant corporate governance ASP hosted 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™.

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, inability to timely develop of products or services, inability to deliver products or services when ordered, inability of potential customers to pay for ordered products or services, and political and economic risks inherent in domestic and international business.

Contact Information

  • Contact:

    Michael Atkins
    CEO
    ENDEXX Corporation
    (540) 878-2000

    Todd Davis
    CFO
    ENDEXX Corporation
    (480) 595-6900

    www.endexx.com