Endexx Partners With Xeden Cloud Concepts
(Marketwire Via Acquire Media NewsEdge) CAVE CREEK, AZ -- (Marketwired) -- 01/28/14 --
Endexx Corporation (OTC Pink: EDXC) announces publicly its long term collaboration with Xeden Cloud Concepts, Inc. known internally as "Project Xendex." For the past 12 months, Endexx and Xeden have fully developed the core engine and architecture that supports and integrates the M3Hub Platform. The companies have executed an exclusive Worldwide Licensing and Technology Services Agreement.
Xeden's Cloud-based Asset/Agriculture Inventory Tracking System (CAITS) is a proprietary supply chain management platform that connects growing, processing and distribution cycles. The system integrates Point of Sale (POS) technologies and Payment Gateway solutions that directly address the current banking regulatory challenges and restrictions and gives Endexx a unique advantage in payment processing for medical and recreational marijuana dispensers and retailers. The POS application helps eliminate costly kiosks and machines as components of the transaction process and can be easily integrated into mobile devices and content rich social media platforms.
Stephen Fentl, President of Xeden Clouds Concepts, stated:
"Our Cloud-based Asset Inventory Tracking System does more than just meet the needs of marijuana growers, marijuana dispensaries, consumers, and government regulators; CAITS also provides state of the art security, real time distribution of funds to all parties (including government) taxes, and the world's first media-centric rights exchange. CAITS improves the efficiency, profitability, tracking capacity, sale, and regulatory compliance for growers and dispensers of marijuana, both medical and recreational. In addition, CAITS provides a POS (Point of Sale) system that is directly integrated with merchant gateways for seamless processing of financial transactions that resolves the banking and tax related issues of the marijuana industry."
Michael Short, Founder and Systems Architect of Xeden Cloud Concepts, stated:
"While CAITS provides a comprehensive inventory management and point of sale product it is unique in that the level of tracking it can provide goes beyond industry norms to achieve the unprecedented granularity required by new regulations. CAITS is unique because it is actually a large collection of related cloud applications that can organize contacts, purchase orders, prescriptions, inventory, point of sale, and payment processing. Unique to CAITS is an integrated media library securely managing reports, photos, videos, and all digital media for a business. Xeden Cloud Concepts has been working with Endexx to insure its CAITS collection of cloud applications fully meet the rigorous requirements of governments and regulatory agencies overseeing evolving marijuana-related businesses."
Todd Davis, CEO of Endexx, stated: "This historic strategic alliance with Xeden is the culmination of one year of thorough due diligence and collaboration. It solidifies our technological and process integration superiority in 'Seed to Sale' management and inventory tracking that none of our competitors can claim. The platform is ready for deployment for marijuana program oversight administrators, growers, processors, retailers, medical patients and users. A product demo will be made available through endexx.com in February."
Xeden's core innovation and expertise lies in the Digital Rights Exchange that is comprised of a user management system that includes secure user data management, hierarchical relationships, multiple levels of access, multiple account types and privileges and credit management. The second component is the Rights Exchange that provides the transactions between account holders and grants access to previously registered digital and physical assets.
As per the Technology Services Agreement, Xeden provides Endexx online proprietary work flow, tracking, CRM, and other cloud services software which enables users to securely collect, manage, create, publish, transmit and distribute customizable formatted content via digital and non-digital means. Xeden, through M3Hub, also provides use of its online software, via a browser interface and data encryption, for transmission, access, storage and messaging in a cloud.
Todd Davis stated, "The human resource and talent pool utilized in 'Project Xendex,' harnessed scientists that built some of the most revolutionary technologies used today. Like the flight simulators for commercial Boeing Airliners, the DVR and need to avoid commercials, and the world of real time digital media integration. Michael Short and his team assure a sustainable and reliable standardized technology platform the whole Marijuana industry can rely on, and we are fortunate to all have access to this scientific superiority. Alexander Graham Bell, the renowned inventor and scientist, would be very proud."
Michael Short, Chairman and CTO of Xeden, is a successful entrepreneur and a technologist who has authored international for a variety interactive products and has participated on the design, building and programming of Radio and Television facilities and related equipment. His accomplishments include among others work with Sony, Apple, Microsoft, Toshiba, Phillips, ABC, Paramount and Fox. His designs also have influenced live productions for the past 25 years and he shares Emmy honors including "The Most Complex Special Effect Ever Performed on Broadcast Television." As a production specialist, he has programmed, designed, directed, and/or produced hundreds of events including The Rolling Stones, Genesis, Tina Turner, Janet Jackson, and U2. As an expert in the field of cybernetics, Michael is versed in over 273 computer protocols and 10 programming languages.
Stephen Fantl is the president of Xeden. Stephen has been a technology consultant and administrative director for humanitarian organizations for the past decade. His focus is on leveraging of communications technologies to improve organizational effectiveness. Stephen implemented one of Xeden's first clouds with "Pathways To Peace," an organization he oversees technology for and has high level Consultative II Status with the United Nations Economic and Social Council (UNESCO). Stephen founded the United Nations International Day of Peace Broadcasts and along with Michael Short has integrated Xeden Cloud Broadcasting protocols which are now used in the yearly Peace Day Broadcast.
About Endexx :
www.endexx.com, www.gsgsolar.com, www.m3hub.com, www.autospense.com, www.THCFinder.com
Endexx Corporation is a micro-cap publicly traded company, representing the interest of its shareholders and collaborating with independent software architects, 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.
Contact Endexx via email to receive corporate news and updates at Endexx@endexx.com.
Safe Harbor Notice: This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.
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Source: Endexx Corporation
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