Endexx Corporation Provides Shareholder Update on HYLA’s Strategic Growth Initiatives
Endexx (OTC: EDXC), through its HYLA division, is expanding its market presence for plant-based wellness and non-nicotine vape products. Key developments include:
- A pending $350,000+ purchase order from Dubai
- Partnership with a 300-store chain, starting with a 40-store test launch
- Distribution test with a regional convenience group
- Discussions with national online distributors
- Connections with large U.S. distributors, including a $50M+ vape distributor in Chicago
- Expanding international footprint in Europe and Latin America
- Verification on RangeMe.com, with submissions to major retailers
Endexx is optimistic about HYLA's growth trajectory, citing increasing interest from distributors and favorable industry trends. The company is also updating its accounting processes to ensure timely financial reporting.
Endexx (OTC: EDXC), attraverso la sua divisione HYLA, sta espandendo la sua presenza nel mercato dei prodotti benessere vegetali e dei vaporizzatori senza nicotina. Sviluppi chiave includono:
- Un ordine d'acquisto pendente di oltre $350,000 da Dubai
- Partnership con una catena di 300 negozi, iniziando con un lancio di prova in 40 negozi
- Test di distribuzione con un gruppo di convenience regionale
- Discussioni con distributori online nazionali
- Connessioni con grandi distributori statunitensi, incluso un distributore di vaporizzatori da oltre $50M a Chicago
- Espansione della presenza internazionale in Europa e America Latina
- Verifica su RangeMe.com, con invii ai principali rivenditori
Endexx è ottimista riguardo alla traiettoria di crescita di HYLA, citando un crescente interesse da parte dei distributori e tendenze favorevoli nel settore. L'azienda sta anche aggiornando i suoi processi contabili per garantire una tempestiva rendicontazione finanziaria.
Endexx (OTC: EDXC), a través de su división HYLA, está expandiendo su presencia en el mercado de productos de bienestar a base de plantas y vapeadores sin nicotina. Los desarrollos clave incluyen:
- Una orden de compra pendiente de más de $350,000 desde Dubái
- Asociación con una cadena de 300 tiendas, comenzando con un lanzamiento de prueba en 40 tiendas
- Prueba de distribución con un grupo regional de conveniencia
- Discusiones con distribuidores en línea nacionales
- Conexiones con grandes distribuidores en EE. UU., incluido un distribuidor de vapeadores de más de $50M en Chicago
- Expansión de la presencia internacional en Europa y América Latina
- Verificación en RangeMe.com, con envíos a los principales minoristas
Endexx es optimista sobre la trayectoria de crecimiento de HYLA, citando un creciente interés por parte de los distribuidores y tendencias favorables en la industria. La empresa también está actualizando sus procesos contables para garantizar informes financieros oportunos.
Endexx (OTC: EDXC)는 HYLA 부서를 통해 식물 기반 웰니스 및 비니코틴 Vape 제품의 시장 존재를 확장하고 있습니다. 주요 개발 사항은:
- 두바이에서 350,000달러 이상의 구매 주문 대기 중
- 300개 매장 체인과의 파트너십, 40개 매장 테스트 런칭 시작
- 지역 편의점 그룹과의 유통 테스트
- 국내 온라인 유통업체와의 논의
- 시카고의 5000만 달러 이상의 Vape 유통업체를 포함한 대형 미국 유통업체와의 연결
- 유럽과 라틴아메리카에서의 국제적 입지 확장
- 주요 소매업체에 제출하여 RangeMe.com에서의 검증
Endexx는 배급업체의 관심 증가와 긍정적인 산업 트렌드를 언급하며 HYLA의 성장 궤적에 대해 낙관적입니다. 회사는 또한 적시에 재무 보고를 보장하기 위해 회계 프로세스를 업데이트하고 있습니다.
Endexx (OTC: EDXC), à travers sa division HYLA, étend sa présence sur le marché des produits de bien-être à base de plantes et des produits vape sans nicotine. Les développements clés incluent:
- Une commande d'achat en attente de plus de 350 000 $ en provenance de Dubaï
- Partenariat avec une chaîne de 300 magasins, débutant par un lancement test dans 40 magasins
- Test de distribution avec un groupe de commodités régional
- Discussions avec des distributeurs en ligne nationaux
- Connections avec de grands distributeurs américains, y compris un distributeur de vape de plus de 50 millions $ à Chicago
- Expansion de la présence internationale en Europe et en Amérique latine
- Vérification sur RangeMe.com, avec des soumissions aux grands détaillants
Endexx est optimiste quant à la trajectoire de croissance de HYLA, citant un intérêt croissant de la part des distributeurs et des tendances favorables dans l'industrie. L'entreprise met également à jour ses processus comptables pour garantir des rapports financiers en temps utile.
Endexx (OTC: EDXC) erweitert durch seine HYLA-Abteilung seine Marktpräsenz für pflanzenbasierte Wellness- und nikotinfreie Vape-Produkte. Wesentliche Entwicklungen umfassen:
- Eine ausstehende Bestellung über über 350.000 $ aus Dubai
- Partnerschaft mit einer Kette von 300 Geschäften, beginnend mit einem Teststart in 40 Geschäften
- Vertriebstest mit einer regionalen Convenience-Gruppe
- Gespräche mit nationalen Online-Distributoren
- Verbindungen zu großen US-Distributoren, einschließlich eines Vapes-Distributors in Chicago mit über 50 Millionen $
- Erweiterung der internationalen Präsenz in Europa und Lateinamerika
- Verifizierung auf RangeMe.com, mit Einsendungen an große Einzelhändler
Endexx ist optimistisch hinsichtlich des Wachstumskurses von HYLA und berichtet von wachsendem Interesse von Distributoren und positiven Branchentrends. Das Unternehmen aktualisiert auch seine Buchhaltungsprozesse, um eine zeitgerechte Finanzberichterstattung sicherzustellen.
- Pending purchase order from Dubai worth over $350,000
- Partnership with a 300-store chain, starting with a 40-store test launch
- Ongoing discussions with three national online distributors
- Connection with a $50M+ vape distributor near O'Hare Airport in Chicago
- Expansion of international footprint through partnerships in Europe and Latin America
- Verification on RangeMe.com, a major platform for retail buyers
- Submissions to key retailers such as Dollar General, Family Dollar, Meijer, and Rite Aid
- Ongoing work to complete audits and keep financials current, suggesting potential delays in financial reporting
CAVE CREEK, AZ, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Endexx Corporation (OTC: EDXC), a leading provider of innovative plant-based wellness and non-nicotine vape products through its HYLA division, is pleased to provide a comprehensive update on the company’s recent progress and strategic initiatives.
HYLA's Expanding Market Presence
Since embarking on a focused strategy to grow HYLA, Endexx has been committed to strengthening its market presence both domestically and internationally. Recent efforts have culminated in significant distribution agreements and partnerships that are poised to drive substantial growth. Highlights of these developments include:
- A new pending purchase order from Dubai, totaling over
$350,000 , with expectations for additional future orders. - A partnership with a 300-store chain, with an initial 40-store test launch through countertop displays in their corporately owned locations.
- A second distribution test with a regional convenience group, allowing for further expansion.
- Ongoing discussions with three national online distributors, which are expected to enhance HYLA's reach across stores and customers nationwide.
- Connections with large U.S. distributors, including a
$50M + vape distributor near O'Hare Airport in Chicago, further expanding market access. - Expanding HYLA’s international footprint through key distribution partnerships in Europe and Latin America.
- HYLA is now verified on RangeMe.com, a major platform for retail buyers to discover and review new products, with submissions to key retailers such as Dollar General, Family Dollar, Meijer, and Rite Aid.
Outlook for HYLA’s Growth
Endexx remains optimistic about HYLA’s continued expansion and growth trajectory. With increasing interest from national and international distributors, HYLA is well-positioned to leverage its proprietary formulations and innovative product line to capture substantial market share. Industry trends suggest strong demand for plant-based wellness products and non-nicotine alternatives, which positions HYLA favorably for sustained growth. While the company focuses on expanding its distribution network, these developments create exciting opportunities for future collaborations and industry partnerships.
Commitment to Transparency and Financial Stewardship
In line with Endexx’s commitment to transparency and maintaining rigorous financial practices, the company has taken active steps to update its accounting processes. As Endexx approaches the end of its fiscal year in September, these efforts are expected to ensure up-to-date financial reporting and a solid foundation for sustained growth moving forward. This includes ongoing work to complete audits and keep financials current.
Continued Commitment to Shareholders
Endexx extends its gratitude to shareholders for their continued trust and support during this pivotal period. The company is dedicated to providing timely updates as strategic initiatives progress, and looks forward to sharing further milestones in the coming months.
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/
FAQ
What is the value of HYLA's new pending purchase order from Dubai?
How many stores are involved in HYLA's new retail partnership?
What major retail platform has verified HYLA products?
What regions is HYLA expanding its international footprint?
