Navigation Links
Endexx closes Acquisition of Dispense Labs LLC.

CAVE CREEK, Ariz., Aug. 7, 2013 /PRNewswire/ -- Endexx Corporation OTC: EDXC Endexx is proud to announce the acquisition of Dispense Labs LLC., the innovator and developer of Autospense™ dispense technologies. This acquisition is a core technology in the M3hub™ technology platform.  Autospense™ is a fully secured, pharmaceutical grade dispensing platform. The inventory control, tracking system, supply chain management, and security features provide a multi-point medical marijuana management platform.  From seed to sale, the system fortifies the industry with a reliable and compliant tracking and inventory control system. The software system operates both internally and external to the system and is capable of integrating with multiple operating systems and specialty functions.

Under terms of the acquisition agreement, Endexx has issued ten million shares of restricted stock for the purchase of Dispense Labs LLC., with an additional 5 million shares to be issued upon Dispense Labs achieving specific performance criteria.  Endexx has also assumed two hundred and thirty five thousand dollars of long term debt. There are five machines fully built with sales pending.  Dispense Labs and Endexx has received multiple indications of interest for this technology solution.  Joe DeRobbio will maintain his position as President of Dispense Labs. Mr. DeRobbio stated, "With the completion of the sale to Endexx,  Dispense Labs is excited to enter the next phase of business. We now have the horsepower to aggressively market the machines in those states where it is legal.  Furthermore Dispense Labs is currently consulting with several clients to provide a complete seed to sale solution and management platform for their business."

Todd Davis, CEO of Endexx, stated, " Autospense™ provides the critical infrastructure component needed to help standardize solid operating systems in the management of medical marijuana and cannabis based products in general."  During the due diligence phase, Endexx has identified in excess of sixty thousand unique sites in the United States and Canada where the Autospense™ machine is applicable.  Endexx, in collaboration with Dispense Labs, has fully researched the current market solutions offered and the competition and believes the Autospense™ system is the only total technology solution in the medical marijuana industry.  The Autospense™ solution can easily be integrated with external software and service solutions as well, allowing for other market alliances and business partners to utilize this core technology to support other industry related ancillary services.

About Endexx:

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.

About Dispense Labs

Dispense Labs LLC., has spent several years investing in the research, design and development, and beta testing of Autospense™, a one-of-a-kind technologically driven smart system that allows for the automated dispensing of medical marijuana along with precise inventory control, utilizing predictive analytic algorithm and tracking software.

Autospense is a uniquely designed, high-tech automated dispensing system that exceeds industry standards. The software used is specifically designed to properly control transactions and manage inventory. This will significantly improve profitability, accountability, security tracking and customer satisfaction.

Contact Endexx via email to receive corporate news and updates at,  

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.

SOURCE Endexx Corporation
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Endexx identifies core platform for Medical Marijuana Industry
2. Endexx Acquires Medical Marijuana Management Technology
3. Endexx to attend NAMA Spring Expo for Medical Marijuana Technology Solutions
4. Endexx Enters Into Definitive Agreement to Acquire Dispense Labs, LLC
5. Independa Closes Convertible Note Funding at $2.35 Million
6. Stereotaxis Closes $18.5 Million Private Placement Financings
7. Boston Scientific Closes Cameron Health Acquisition
8. C8 MediSensors Closes $19 million Preferred Stock Financing
9. Igenica Closes $33 Million in Series C Funding
10. BONESUPPORT Closes Second Tranche of Funding
11. PTC Therapeutics Closes $30 Million Financing
Post Your Comments:
(Date:11/26/2015)... DUBLIN , Nov. 26, 2015 Research and ... "Asia Pacific Cardiac Pacemaker Market Outlook to 2019 - ... Drive the Demand " report to their offering. ... --> Boston scientific and others. ... global players including Medtronic, Biotronik, Boston ...
(Date:11/26/2015)... DUBLIN , November 26, 2015 /PRNewswire/ ... the addition of the "2016 Future ... Drugs of Abuse Testing Market: Supplier Shares, ... report to their offering. --> ... of the "2016 Future Horizons and ...
(Date:11/26/2015)... , November 26, 2015 ... Juntendo universitetssjukhus ser potential att använda ... magnetresonansbilder (MR-bilder) för patienter med multipel ... ett forskningsavtal med SyntheticMR AB för att ... forskningsprojekt på sjukhuset. Med SyMRI kan man ...
Breaking Medicine Technology:
(Date:11/27/2015)... , ... November 27, 2015 , ... A team of ... ways to treat it. Surviving Mesothelioma has just posted the findings on the website. ... Hospital Zurich analyzed the cases of 136 mesothelioma patients who were treated with chemotherapy ...
(Date:11/27/2015)... ... 27, 2015 , ... ProSidebar: Fashion is a set of 30 ... ProSidebar: Fasion, video editors can easily add an informative sidebar to any FCPX production. ... Utilize presets featuring self-animating drop zones, lines, bars, and text with the ease of ...
(Date:11/27/2015)... ... 27, 2015 , ... The moment you stop improving is ... fulfilling the needs of advisers and clients but going above and beyond to ... customer service. However, there's always room for improvement, which is why the entire ...
(Date:11/27/2015)... ... 2015 , ... Avid collector, Andrew Hawley from Vintage Rock Posters, announces his ... is one of Joplin's most famous and beautiful concert posters. The concert was held ... Ann Arbor. The According to Hawley, "It is hard to believe that Joplin's stardom ...
(Date:11/26/2015)... ... November 26, 2015 , ... ... Travel Representative. As a franchise owner, Somu now offers travelers, value and care ... wedding packages, private cruise sales, as well as, cabin upgrades and special amenities ...
Breaking Medicine News(10 mins):