#HealthandWellness #Stock Endexx Corporation (OTC:
$EDXC) Reports Fiscal Fourth Quarter 2022 Milestones; @EndexxCorp
Endexx products are now
available in four of the top eight retailers in the United States in over 8000
mass retail stores nationwide
CAVE
CREEK, AZ., October 7, 2022 ––(Investorideas.com Newswire) Endexx Corporation (OTCBB:EDXC), a provider of
innovative, plant-based, sustainable wellness and skincare products, reviews
key accomplishments over the Company’s fiscal fourth quarter ahead of financial
reporting.
Read this news,
featuring EDXC in full at https://www.investorideas.com/news/2022/lohas/10071Endexx-Fiscal-Fourth-Quarter.asp
Highlights
include:
·
Blesswell™ men’s skincare
line introduced first in Target stores and then on Amazon.com. Following Endexx’s CBD pain products
availability at Walgreens and skincare at CVS , Endexx products are now
available in four of the top eight retailers in the United States in over 8000
mass retail stores nationwide.
·
Amazon distribution of Blesswell™ skin
care products expanded beyond the United States to 13 countries, including
Australia, Belgium, Canada, France, Germany Italy, Japan, Mexico, Netherlands,
Poland, Spain, Sweden, and the United Kingdom
·
Endexx significantly expanded its
international distribution network and potential revenue streams though the
controlling interest acquisition of HYLA, a non-nicotine, guarana-based vape
product available in Germany, Italy, Israel, Egypt, Slovenia, Romania, Iran and
Bahrain, the United States (where the HYLA formulations are produced) Canada,
the Czech Republic, Georgia, Russia, Slovakia, South Africa, Switzerland, the
United Arab Emirates, the United Kingdom, and Uzbekistan
·
Endexx strengthened its balance sheet by
entering into settlement, lock-up and leak-out agreements with its Historic
Investors, in which each Historic Investor agreed to exchange its
pre-acquisition Convertible Note and Warrants with a replacement simple Promissory
Note. This new Historic Investor Replacement Note removed the convertible
debt and warrants, replaced by a simple, non-convertible debt facility with an
18-month term.
·
HYLA secured two new purchase orders
exceeding 200,000 units in the first month of joining Endexx.
Todd
Davis, CEO of Endexx, stated “The significant events of the fiscal fourth
quarter have positioned us to rapidly accelerate our reach within the retail
segment for our skin care and pain products by establishing our presence in key
retail venues. The acquisition of HYLA
has further expanded our distribution network internationally. This positions us to markedly expand our
revenue both through the sales and marketing of HYLA’s unique non-nicotine,
guarana-based vape product, which we believe will fill an important and
in-demand market niche, as well as providing us with international access to
market our other product lines in those regions where HYLA had already
established a presence. We are
optimistic about the future of Endexx, as we are executing, we are already
beginning to see indications of our future potential. We look forward to sharing more about our
progress in the weeks and months to come.”
About
Endexx Corporation
Endexx
Corporation develops and distributes all natural, plant-derived topical
skincare and wellness products. Endexx
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
www.blesswell.co
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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