SOURCE: MacroSolve, Inc.

July 02, 2013 15:00 ET

MacroSolve, Inc. and Endexx Corp Finalize Business Advisory Agreement

Companies Are Jointly Addressing a Next Generation Mobile Advertising Application

TULSA, OK--(Marketwired - Jul 2, 2013) -  MacroSolve, Inc. (OTCQB: MCVE) ("MacroSolve" or the "Company"), a leading provider of mobile technology intellectual property and app venture mentorship and Endexx Corporation (PINKSHEETS: EDXC) announces the finalization of a business advisory agreement. Endexx selected MacroSolve to coordinate business planning, investor interests and intellectual property for a mobile app venture that uniquely addresses advertising market analytics.

MacroSolve's Business Advisory Services began building its client portfolio in FY2012, managing select mobile app ventures. With the recent launch of Patent Access Services, the Company has narrowed the selection process, serving mobile app ventures with the potential for both a very high market leadership position and unique benefits of an '816' patent license.  

"Endexx and our advisors have invested significant due diligence resources towards evaluating Endexx's intellectual property and its application into a multi-billion dollar market," Jim McGill, MacroSolve Chairman and CEO, states. "The mobile app venture we envision will complement our growing client portfolio."

"The work completed with MacroSolve affords Endexx the opportunity to forge ahead with plans to unveil a mobile advertising solution," Todd Davis, Endexx's CEO said.

MacroSolve's U.S. Patent No. 7,822,816, which was issued October 26, 2010, addresses mobile information collection systems across all wireless networks, smartphones, tablets, and rugged mobile devices, regardless of carrier and manufacturer. MacroSolve's patent covers fundamental technology in the mobile application space utilized by numerous companies. The patent, a significant intellectual property asset to MacroSolve, further advances its position as a leader in the mobile solutions market.

About MacroSolve
Founded in 1997, MacroSolve is heralded for its robust IP portfolio, while advancing throughout the mobile apps era by innovating key technologies that have laid the foundation for apps and next-gen developers. Today, MacroSolve is empowering a new era of mobile innovators seeking advisory services and IP strength from a source of experience.

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.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.