CAVE CREEK, AZ--(Marketwired - Jan 28, 2014) - 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.

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