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| New Client EDXC Issues Strong Results for Fiscal Q1 2018 |
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 Hot Stock to Watch |
Company: Endexx Corporation (Pink Sheets: EDXC)
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Last:
Price: 0.0713
Change (%): - 0.0028 (3.72)
Volume: 253,519 |
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Endexx Reports Another Record-Breaking Quarter for Fiscal Q1 2018
Company sees revenues up 123% year over year and up 32% quarter over quarter
CAVE CREEK, AZ, Feb. 16, 2018 (GLOBE NEWSWIRE) - Endexx Corporation (OTC PINK: EDXC), a provider of innovative phytonutrient-based food and nutritional products, is pleased to report record sales growth for its first quarter of fiscal 2018. For the three months ended December 31, 2017, the company generated $192,000 in sales, representing a 32% sequential quarterly increase and a year-over-year revenue growth of 123 percent.
First Quarter 2018 Milestones and Updates:
- Endexx acquired Holistic Earth Remedies LLC for its best-selling topical pain relief products.
- The company was awarded “Best Advancements in Hemp Industry” at Uptick Newswire’s Uppie Awards.
- Endexx exhibited and demoed at booth 420 at the 3rd Annual Southwest Cannabis Conference & Expo in Phoenix.
- Endexx sponsored “Athletes for Care” at the 4th Annual Cannabis World Congress and Business Exposition.
CEO Todd Davis commented, “Our first quarter was another record-breaking quarter, which was over 100% increase over the first quarter of 2017 in our core revenues. During that time, we successfully acquired Holistic Earth Remedies, adding an additional $23,423 in revenues for our Q1. We also attended a few conferences to raise awareness of our line of products and our brand. The quarter brought a significant increase in sales from our precisely formulated topical cannabidiol (CBD) balm and mist, along with our travel sleep aid, teas, oils, capsules, soft chews for dogs and other products that provide key benefits to the user. More recently, we are extremely excited by our contract with Impulse Health to bring retail products and our AutoSpense™ industrial-grade automated inventory control and dispensing solutions into the OTC pharmacy market. This immediately provides Endexx a focused pathway into 20,000 retail and pharmacy locations nationwide utilizing our proprietary technology. This is a fantastic opportunity for us – one that we will reap rewards from the next five years, and many times over.”
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