Endexx Corporation Welcomes Doug Williams as New CFO

Endexx Corporation Welcomes Doug Williams as Fractional CFO

Endexx Corporation (OTC: EDXC) is excited to share the appointment of Doug Williams, CPA, as its new Fractional CFO through his consulting firm, Alexander & Williams PLLC. With a wealth of experience in financial operations, Doug is set to enhance Endexx's financial framework significantly. His proven track record in audit processes and corporate finance will be instrumental in advancing the management team's objectives aimed at maximizing transparency and operational efficiency.

Financial Roadmap for Future Success

The emphasis of the current management team revolves around a solid financial roadmap. This strategic direction is designed to bolster internal controls, enrich transparency, and effectively position Endexx for sustainable growth over the long term. Doug's role is crucial in ensuring that Endexx's financial practices align with top industry standards.

Key Features of the Financial Roadmap

As part of this comprehensive financial initiative, several pivotal elements are being prioritized:

Audit Resumption: The company is poised to collaborate with Victor Mokuolu CPA PLLC (VMCPA), a reputable firm recognized for its expertise in auditing public companies. This partnership is particularly relevant as Endexx resumes its 2023 audit, ensuring thorough oversight and compliance while managing complex financial structures.

Enhanced Bookkeeping and Accounting: Under Doug's guidance, the organization will adopt advanced bookkeeping and accounting protocols. This will guarantee that all financial records are not only accurate but also ready for audit scrutiny, thereby reinforcing institutional trust.

Commitment to Transparency and Compliance: The management team is dedicated to refining financial reporting systems. This initiative aims to enhance transparency and accountability, crucial for stakeholders including shareholders and regulatory bodies.

Streamlining Operations for Efficiency: The team is focused on optimizing operational efficiencies, addressing past accounting challenges, and creating a pathway for streamlined audits, which are fundamental to facilitating robust future growth.

Near-Term Compliance Goals: Endexx is eager to eliminate the 'yield' indicator from its OTC Markets profile shortly, an important step signaling its commitment to maintaining full compliance.

Leadership Perspective

Brad Listermann, Interim CEO of Endexx Corporation, expresses his confidence in this new chapter: "Doug's financial expertise, combined with our newly formed management team, equips Endexx to pursue its strategic financial objectives effectively. With respected auditors like VMCPA on board, we feel assured in our course of action for Endexx." This sentiment resonates with the company's dedication to improving financial transparency and operational integrity, fostering long-term shareholder value.

About Endexx Corporation

Endexx Corporation operates through divisions including CBD Unlimited, Inc. and HYLA, focusing on distributing all-natural, plant-based wellness products. HYLA specializes in non-nicotine vape products, expanding its footprint globally with unique botanical formulations. CBD Unlimited enhances the market with premium CBD products derived from hemp that cater to both human and pet health needs, underscoring Endexx's commitment to holistic wellness. The company is strategically positioned with a vast distribution network that spans pharmacies, retail giants, and online platforms.

Frequently Asked Questions

Who is Doug Williams and what is his role in Endexx?

Doug Williams is a CPA with extensive financial expertise appointed as Fractional CFO to enhance Endexx's financial operations.

What is the financial roadmap for Endexx?

The roadmap focuses on internal control strengthening, transparency, compliance, and operational efficiency to drive long-term growth.

How will Endexx improve its financial reporting?

Under Doug's oversight, Endexx will implement enhanced financial reporting systems to ensure greater transparency and accountability.

What auditing firm will Endexx work with?

Endexx will work with Victor Mokuolu CPA PLLC, a firm specialized in auditing public companies, particularly in handling complex financial structures.

What are Endexx's objectives regarding compliance?

Endexx aims to achieve full compliance by removing the 'yield' sign from its OTC Markets profile, which signifies increased operational integrity.

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