Endexx Corporation Announces the Appointment of Doug Williams, CPA, as Fractional CFO and Outlines Financial Roadmap
Endexx (OTC: EDXC) has appointed Doug Williams, CPA, as Fractional CFO through his consulting firm, Alexander & Williams PLLC. This move is part of Endexx's efforts to strengthen its management team and implement a comprehensive financial roadmap. The roadmap includes:
- Resuming audits with newly appointed auditors, Victor Mokuolu CPA PLLC (VMCPA)
- Enhancing bookkeeping and accounting practices
- Improving transparency and compliance
- Streamlining operations for efficiency
- Removing the 'yield' sign from OTC Markets profile
Brad Listermann, Interim CEO, expressed confidence in the company's path forward with the strengthened team and experienced auditors. Endexx remains committed to improving financial transparency, strengthening operations, and delivering long-term value to shareholders.
Endexx (OTC: EDXC) ha nominato Doug Williams, CPA, come CFO frazionale attraverso la sua società di consulenza, Alexander & Williams PLLC. Questa mossa fa parte degli sforzi di Endexx per rafforzare il proprio team di gestione e implementare una roadmap finanziaria completa. La roadmap include:
- Ripristinare le audit con i nuovi revisori designati, Victor Mokuolu CPA PLLC (VMCPA)
- Migliorare le pratiche di contabilità e registrazione
- Aumentare la trasparenza e la conformità
- Ottimizzare le operazioni per una maggiore efficienza
- Rimuovere il segnale di 'yield' dal profilo dei mercati OTC
Brad Listermann, CEO ad interim, ha espresso fiducia nel percorso dell'azienda grazie al team rafforzato e ai revisori esperti. Endexx rimane impegnata a migliorare la trasparenza finanziaria, rafforzare le operazioni e fornire valore a lungo termine agli azionisti.
Endexx (OTC: EDXC) ha nombrado a Doug Williams, CPA como CFO fraccionado a través de su firma de consultoría, Alexander & Williams PLLC. Este movimiento es parte de los esfuerzos de Endexx por fortalecer su equipo de gestión e implementar un mapa financiero integral. El mapa incluye:
- Reanudar las auditorías con los nuevos auditores designados, Victor Mokuolu CPA PLLC (VMCPA)
- Mejorar las prácticas contables y de registro
- Aumentar la transparencia y la conformidad
- Optimizar las operaciones para mayor eficiencia
- Eliminar el signo de 'yield' del perfil de los mercados OTC
Brad Listermann, CEO interino, expresó confianza en el camino de la empresa con el equipo fortalecido y auditores experimentados. Endexx sigue comprometida a mejorar la transparencia financiera, fortalecer las operaciones y ofrecer valor a largo plazo a los accionistas.
Endexx (OTC: EDXC)는 Doug Williams, CPA를 Alexander & Williams PLLC라는 자신의 컨설팅 회사를 통해 부분 CFO로 임명했습니다. 이 조치는 Endexx가 관리 팀을 강화하고 종합적인 재무 로드맵을 구현하기 위한 노력의 일환입니다. 로드맵에는 다음이 포함됩니다:
- 새로 임명된 감사인 Victor Mokuolu CPA PLLC (VMCPA)와의 감사 재개
- 장부 기록 및 회계 관행 개선
- 투명성과 규정 준수 향상
- 효율성을 위한 운영 간소화
- OTC 시장 프로필에서 '수익' 표시 제거
임시 CEO인 Brad Listermann은 강화된 팀과 경험이 풍부한 감사인들과 함께 회사의 미래에 대한 자신감을 표현했습니다. Endexx는 재무 투명성 개선, 운영 강화 및 주주에게 장기 가치를 제공하는 데 전념하고 있습니다.
Endexx (OTC: EDXC) a nommé Doug Williams, CPA en tant que CFO fractionnaire par le biais de sa société de conseil, Alexander & Williams PLLC. Ce mouvement s'inscrit dans les efforts d'Endexx pour renforcer son équipe de direction et mettre en œuvre une feuille de route financière globale. La feuille de route comprend :
- La reprise des audits avec les nouveaux auditeurs nommés, Victor Mokuolu CPA PLLC (VMCPA)
- L'amélioration des pratiques de tenue de livres et de comptabilité
- La transparence et la conformité accrues
- Rationalisation des opérations pour une meilleure efficacité
- La suppression du signe 'yield' du profil des marchés OTC
Brad Listermann, PDG par intérim, a exprimé sa confiance dans la voie de l'entreprise avec l'équipe renforcée et des auditeurs expérimentés. Endexx reste engagé à améliorer la transparence financière, renforcer les opérations et offrir une valeur à long terme aux actionnaires.
Endexx (OTC: EDXC) hat Doug Williams, CPA als Teilzeit-CFO über sein Beratungsunternehmen Alexander & Williams PLLC ernannt. Dieser Schritt gehört zu den Bemühungen von Endexx, sein Management-Team zu stärken und einen umfassenden Finanzplan umzusetzen. Der Plan umfasst:
- Wiederaufnahme der Prüfungen mit den neu ernannten Prüfern Victor Mokuolu CPA PLLC (VMCPA)
- Verbesserung der Buchhaltung und Rechnungsführungspraktiken
- Erhöhung der Transparenz und Compliance
- Optimierung der Abläufe für mehr Effizienz
- Entfernung des 'Yield'-Schildes aus dem OTC-Markprofil
Brad Listermann, interimistischer CEO, äußerte Vertrauen in den zukünftigen Weg des Unternehmens mit dem gestärkten Team und erfahrenen Prüfern. Endexx bleibt verpflichtet, die finanzielle Transparenz zu verbessern, die Abläufe zu stärken und langfristigen Wert für die Aktionäre zu liefern.
- Appointment of experienced Fractional CFO Doug Williams, CPA
- Implementation of a comprehensive financial roadmap
- Resumption of audits with newly appointed auditors
- Focus on enhancing financial transparency and operational efficiency
- Commitment to removing 'yield' sign from OTC Markets profile
- Presence of legacy accounting issues requiring attention
- Current 'yield' sign on OTC Markets profile indicating compliance issues
CAVE CREEK, Ariz., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Endexx Corporation (OTC: EDXC) is pleased to announce the appointment of Doug Williams, CPA, as Fractional CFO through his consulting firm, Alexander & Williams PLLC. Doug, who has extensive experience working with companies such as Endexx, brings valuable financial expertise to the team. His background in audit processes and corporate finance will complement the efforts of Endexx's newly strengthened management team, which is committed to driving transparency and operational efficiency across the company.
Endexx’s management team is focused on implementing a comprehensive financial roadmap aimed at strengthening internal controls, enhancing transparency, and positioning the company for long-term growth. The addition of Doug Williams is a key part of these efforts, ensuring the financial systems and operations align with industry best practices.
The financial roadmap includes:
• Audit Resumption: Endexx intends to move forward with its newly appointed auditors, Victor Mokuolu CPA PLLC (VMCPA), a firm well-regarded for its experience in auditing public companies, particularly those with complex financial structures. The firm specializes in audits for companies with revenues below
• Bookkeeping and Accounting Practices: Doug Williams will oversee the implementation of enhanced bookkeeping and accounting protocols, ensuring that financial records are accurate, comprehensive, and audit-ready.
• Transparency and Compliance: The management team will enhance financial reporting systems to ensure greater transparency and accountability to shareholders, regulators, and other stakeholders.
• Operational Efficiency: The management team is also focused on streamlining operations to address legacy accounting issues and improve overall financial efficiency, paving the way for a smoother audit process and stronger future growth.
• Near-Term Compliance: Endexx is also committed to removing the 'yield' sign from its OTC Markets profile in the near term, signaling a return to fully compliant status.
“Doug’s financial acumen, combined with the collective experience of our new management team, positions Endexx to achieve its strategic financial goals,” said Brad Listermann, Interim CEO of Endexx Corporation. “With a strong team in place and experienced auditors like VMCPA, we are confident in the path forward for Endexx.”
The company remains committed to its goals of improving financial transparency, strengthening internal operations, and delivering long-term value to shareholders.
For further information, please visit:www.endexx.com & www.tryhyla.com
About Endexx Corporation
Endexx Corporation, through its operating divisions CBD Unlimited, Inc. and HYLA, develops and distributes all-natural, plant-based topical products, as well as non-nicotine vape products, in the wellness and health market. HYLA is a wholly owned subsidiary of Endexx, offering a proprietary non-nicotine vape product, rapidly expanding its market share internationally through unique and all-natural botanical formulations. CBD Unlimited produces and distributes high-end CBD-based products derived from hemp, designed to address various health issues and promote wellness in humans and pets. Endexx has developed a wide distribution network that includes pharmacies, mass retailers, and e-commerce platforms.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including, without limitation, those regarding the company’s expectations, intentions, strategies, and beliefs concerning future performance. These forward-looking statements involve certain risks and uncertainties, including uncertainties regarding economic conditions, customer acceptance of products, regulatory actions, competition, and other factors, which could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Readers should not place undue reliance on forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Contact:
Endexx Corporation
480-595-6900
IR@Endexx.com
www.endexx.com
Partnership Opportunities
To learn more about becoming a distribution partner with HYLA, visit https://www.hyladistribution.com
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