Endexx Acquires Medical Marijuana Management Technology Endexx Enters Medical Marijuana Industry With Comprehensive Platform

[purple pimpernel]

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PHOENIX, Feb. 28, 2013 /PRNewswire/ -- Endexx Corporation (OTC Markets: EDXC) announces that due diligence is complete and terms of the technology acquisition from Hayes Pharmacy Inc., are finalized. Endexx, in an all restricted common stock transaction, will purchase and acquire from Hayes Pharmacy Inc. (a Texas Corporation), the exclusive operating technology, intellectual property, marketing and ownership rights to all proprietary pharmaceutical/pharmacy compliance, controls, privacy, verification, Point of Service, taxation and operations platform. The platform is specifically designed to service the medical marijuana industry and long term chronic patient care with Schedule 2 and 3 drugs. The transaction is secured with five million shares of rule(144) restricted stock of Endexx Corporation. Upon satisfactory modifications and customizing of the system by Hayes Pharmacy Inc., lead by Chief Technology Engineer and co developer,  Mr. J. Eric Mutter,  to meet commercial grade performance standards and service capabilities to the specifications of the pharmaceutical industry and the medical marijuana industry requirements, a second five million rule(144) restricted common shares will be issued to complete the purchase transaction.

Endexx's acquisition partner Timothy Hayes RPH., states, "As a retail pharmacist in the pharmacy industry for 50 years, I recognize the value and importance of management services.  The medical marijuana movement (MMM) is indeed experiencing a move from infancy to adolescence.  As this development occurs management services are imperative to instill confidence and provide competence to the grower, the prescriber, the dispenser, the user, the tax authority and the regulator.  The controls needed by each of these elements are  mandatory to manage an industry in its "teen-age" years. I personally am very excited to play role in the growth and management of this still controversial industry. Having a relationship with the Endexx Corporation gives us an opportunity to quickly expand our functioning in all areas of the MMM.  Sound investing should be based on scientific evaluation.  Our approach through ENDEXX is to provide this science by means of management."

Mr. Hayes added, "Our platform will offer links to each of the elements of the industry to access information helpful in the efficient management of each quadrant.  Accounting services, legal services, financial services, news and information, and many other beneficial issues will be available through the portal.  Timing is of great essence in any endeavor.  We are uniquely positioned because we address every issue objectively to accomplish our goals.  Our program developers are on the cutting edge of technology and respond quickly to any changes in the political or regulatory scene with modifications to software for the benefit of each quadrant."  

While the system is being modified and upgraded to meet the requirements of the Medical Marijuana Industry, Endexx will be preparing the new website, executive summary and business plan, branding and marketing systems, business and operational plans, and shareholder's awareness and education profiles.

CEO of Endexx, Todd Davis stated, "With Mr. Mutter and Mr. Hayes and their significant experience and expertise in the Pharmacy, Pharmaceutical Technology and Solutions Industry, Endexx will aggressively develop an all encompassing, core platform for the Medical Marijuana Industry." Mr. Davis also stated,   "Due to recent challenging economic times, this industry has attracted many highly talented business, scientific and entrepreneurial talents to an explosive economic business boom. Harnessing the talent the industry attracts and providing a collaborative platform for the entire industry will ensure its success over the long term.  The industry is currently fragmented and chaotic and Endexx's mission is to provide an open architecture and modular platform for all viable technology innovations, business enhancements, collective political and community organization, and old fashioned American Capitalism."

Contact: Todd Davis CEO

EndexxCorporation@yahoo.com

http://www.otcmarkets.com/stock/EDXC/quote

www.endexx.com 

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.

 

 

http://finance.yahoo.com/news/endexx-acquires-medical-marijuana-management-120000847.html

 

 

 

 

Latteno Food Corp. Achieves OTC Markets' Highest Trading Status - OTC Pink Current Information

PRNewswire

Published: 14 February 2013 01:01 PM

 

SANTA ANA, Calif., Feb. 14, 2013 /PRNewswire/ -- Latteno Food Corp. is pleased to announce that, based on the submission to OTC Markets of the required Initial Company Information and Disclosure Statement and its Initial Financial Disclosure dated December 31, 2012, together with the stipulated Legal Opinion Letter, it has been upgraded by OTC Markets to the highest trading status of "Current Information". By meeting the OTC Markets Group Guidelines for Providing Current Information guidelines, the Company will now be designated by OTC Pink Current Information.

The Current Information Market Tier Designation applies to reporting companies that submit filings to regulators with powers of review and that make the filings publicly available or non-reporting companies that make current information publicly available on the OTC Disclosure and News Service pursuant to OTC Markets Guidelines for Providing Adequate Current Information. Disclosures are published pursuant to paragraphs (a)(5)(i) to (xiv), inclusive, and paragraph (a)(5)(xvi) of Rule 240.15c2-11 and the OTC Disclosure Guidelines.

As further evidence of its commitment to eventually becoming a fully reporting entity, the Company has brought its status with the State of Delaware to the Active current level through the completion of the required State filings and fees; and has filed the required Form 15 with the Securities Exchange Commission.

 

 

The Company had recently announced the planned acquisition of GTG Inc. as its first step in its New Business Plan that calls for acquisitions and growth in the Medical Marijuana Industry which is currently estimated to be a $1.7 - $2.0 Billion. Based on extrapolations of Washington State's Office of Financial Management, estimates that the total US marijuana marketplace could be as big as $46.42 billion per year if cannabis were legalized nationally. That does not include ancillaries such as hydroponics or paraphernalia, or services to the dispensary industry such as landlords, testing labs, security systems, insurance, advertising,

 

 

The legalization of medical marijuana in several states has paved the way for a budding edible medical marijuana industry and the Company is expanding into this exploding new marketplace of medical marijuana and cannabis edibles.

 

 

Medical marijuana edibles have been popular ever since the 60s, when people would prepare it in the oven in brownie and cake mixes to stimulate the THC. Modern medicinal marijuana distributors and retailers have mastered preparing many different edible products. Now patients have several ways in which they can take their medication, in contrast to only being able to smoke or vaporize it.

"We are pleased to have attained OTC Markets highest trading designation in preparation for our upcoming acquisitions and growth in the edible marijuana market." stated Ms. Thu Le, Chief Executive Officer. "Additionally, the due diligence on our planned acquisition in the Edible Medical Marijuana market our proceeding as planned and we hope to have an announcement in the near future on this and other initiatives."

 

 

 

About Latteno Food Corp. (Latteno.com)

Latteno Food Corp. is an investment portfolio company that acquires food products, medical marijuana edibles and related products/services to enhance their growth and development. The company builds revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, and product licensing or distribution agreements.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.

Edited March 1, 2013 by purple pimpernel

[Kingdiamond]

Boy i would love to see the shareholders list for this company to see how many polticians own stock .

[purple pimpernel]

^^^^^^^^^^^^^+rep!

Edited March 1, 2013 by purple pimpernel

[TheHarvester]

Boy i would love to see the shareholders list for this company to see how many polticians own stock .

 

Excellent point.