#HealthandWellness #Stock News –
Endexx ( OTCBB: $EDXC) Secures $3.8M Order
for #NonNicotine #Vape Product HYLA from #Italy; @EndexxCorp
Italian Market
Significantly Opens Opportunities, Increasing Company Revenue to Approximately
$6M During First Two Fiscal Quarters
CAVE
CREEK, Az., November 2, 2022–––( Investorideas.com Newswire) Endexx Corporation (OTCBB:EDXC), a
provider of innovative, plant-based, and sustainable health and skincare
products, today announces it has secured a new $3.8 million USD order for its
newly acquired, non-nicotine based vape product, HYLA from customers in Italy.
Read this news, featuring
EDXC in full at https://www.investorideas.com/news/2022/lohas/11021Endexx-HYLA-Order-from-Italy.asp
This
$3.8M order is significant in two ways for Endexx. First, it provides the Company with more than
$6M of revenue in its first two fiscal quarters of 2023, significantly
surpassing its revenue for the entirety of the previous fiscal year. Given that the order came from customers in
Italy, it is expected that this influential market will also expand the
Company’s footprint in regions to the east, where it is believed that in
addition to providing a geographic connection, Italy is considered very influential from both an economic and
cultural perspective.
“HYLA
continues to perform beyond our early-stage expectations since the acquisition
on August 31st,” commented Todd Davis, CEO of Endexx. “Our revenue has dramatically improved as markets
and countries continue to seek alternative options to nicotine vaping. HYLA has been in demand for both its natural
ingredients, including guarana and L-dopa, and feedback on the superior experience
and assortment.”
“The
opening of the corridor from Italy eastward is important to us as Italy has
long proven to be a key market internationally.
Such significant purchase orders bode well for these additional regions,
and we look forward to having those follow suit, as well as, providing
opportunities for our other CBD-based pain and men’s grooming products. Our progress thus far is very encouraging as
we have secured nearly 7 million in revenue in the first sixty days of our
fiscal 2023. We will continue to provide breaking news and updates as sales
accelerate.” concluded Mr. Davis.
About Endexx Corporation
Endexx
Corporation develops and distributes all natural, plant-derived topical
skincare products. Its products vary
from balms, creams, lotions, butters, masks, scrubs, and oils, all with the
shared purpose of healthy skin and grooming wellness. The science behind these products involves a
decade of clinical research in the field and lab work to provide functional
formulation with ingredients for optimal absorption and support of skin health.
www.endexx.com
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995
We
caution that any forward-looking statements (as such term is defined in the
U.S. Private Securities Litigation Reform Act of 1995) contained in this press
release or made by us, our management, or our spokespeople involve risks and
uncertainties and are subject to change based on various factors, many of which
are beyond our control. Accordingly, our future performance and financial
results may differ materially from those expressed or implied in any such
forward-looking statements. Forward-looking statements include, without
limitation, statements regarding our future operating results, the
implementation and impact of our strategic plans, and our ability to meet
environmental, social, and governance goals. Words such as “estimate,”
“commit,” “target,” “goal,” “project,” “plan,” “believe,” “seek,” “strive,”
“expect,” “anticipate,” “intend,” “potential” and any similar expressions may
identify forward-looking statements. Risks associated with the following
factors, among others, could affect our financial performance and cause actual
results to differ materially from those expressed or implied in any
forward-looking statements:
Except
as may be required by law, we assume no obligation and do not intend to make
publicly available any update or other revisions to any of the forward-looking
statements contained in this press release to reflect circumstances existing
after the date of this press release or to reflect the occurrence of future
events, even if experience or future events make it clear that any expected
results expressed or implied by those forward-looking statements will not be
realized. More information on potential factors that could affect our results
is included “Risk Factors” in our Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 31, 2022.
For
further information, please contact:
Endexx Corporation
Endexx@endexx.com
480-595-6900
Investors:
Scott
Arnold
CORE
IR
Media:
Jules
Abraham
CORE IR
917-885-7378
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