SOURCE: Endexx Corporation

July 08, 2005 14:27 ET

Panamed Corporation Officially Changes Name to ENDEXX Corporation

Company Begins Trading Under New Ticker Symbol EDXC on the Pink Sheets

SCOTTSDALE, AZ -- (MARKET WIRE) -- July 8, 2005 -- ENDEXX Corporation (OTC: EDXC), a company dedicated to providing online board books for corporate governance to the mutual fund industry, is pleased to announce that it has changed its name from PanaMed Corporation to ENDEXX Corporation effective immediately. The company's ticker symbol has also changed to EDXC on the Pink Sheets.

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.

"Over the next three years, Endexx's goal is to register one thousand companies and ten thousand users on the Visual Board Books platform," stated Todd Davis, Chairman and CFO of ENDEXX Corporation. "This is the first XRM online service for managing executive documents and communications for corporate governance, risk management and regulatory compliance. We have already received tremendous interest and indications of commitment from several large corporations, across multiple industries, eager to utilize the service."

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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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