CAVE CREEK, Ariz., July 28, 2013 /PRNewswire/ -- Endexx Corporation (OTC: EDXC) was interviewed and featured in a recent press release by the Orange County Register and its affiliates. For reference see article: http://www.ocregister.com/articles/derobbio-518195-machine-marijuana.html (1)
Endexx Corporation has been interviewed by multiple news agencies over the last several months regarding the Autospense dispensing technology. Each news agency has interviewed the company from unique and diverse angles. This report offers an alternative understanding of the Medical Marijuana Movement and the direction Endexx is going. Both Todd Davis, CEO of Endexx Corporation and Joe DeRobbio, President of Dispense Labs, were interviewed. The article offers unique visions and realities of this new and exciting business opportunity.
By the numbers
$3,000: the highest monthly price to lease the Autospense machine
789: number of marijuana compartments in each machine
5: number of machines manufactured so far
1.5 million: lines of code in the Autospense machine's software
$5 million: approximate cost of software development
In separate coverage the Aliso Viejo Patch reported: http://alisoviejo.patch.com/groups/business-news/p/marijuana-from-a-vending-machine-believe-it-dude (2)
"The machines identify patients by scanning their thumbs and medical marijuana cards. Once identified, a customer uses a touch-screen monitor to select a purchase from nearly 800 individual marijuana compartments. Then the machine's custom software tracks what's purchased, who purchased it, when and how often. That creates a paper trail that could help dispensaries stay on the right side of the law," DeRobbio said.
"DeRobbio currently has five machines built, and says he has orders coming from California other western states, including Colorado, Washington and Arizona. The machines play into Endexx's plan to become a hub of medical marijuana technology with the end goal of becoming "one of the key companies in the sustainability and growth of the Medical Marijuana Industry." While Endexx CEO Todd Davis acknowledges the legal challenges facing the industry currently, he says he wants his company in the ready position if the federal government reclassifies marijuana."
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.
Contact Endexx via email to receive corporate news and updates at Endexx@endexx.com
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. 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 customer to pay for ordered products, and political and economic risks inherent in international trade.
(1) Orange County Register
(2) Aliso Viejo Patch
SOURCE Endexx Corporation