Endexx Corporation Announces Strategic Shift in Auditor Services to Bolster Growth and Transparency

CAVE CREEK, AZ, Feb. 16, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – Endexx Corporation (OTCQB: EDXC), a leader in the development and distribution of innovative wellness and nutritional products, today announced a strategic update on its auditing and financial reporting processes, underscoring its commitment to operational excellence and heightened transparency for its shareholders.

Strategic Decision for Enhanced Alignment and Efficiency

Following thoughtful consideration and after discussions with all relevant regulatory bodies, including the OTC Markets, the Securities and Exchange Commission (SEC), and the Public Company Accounting Oversight Board (PCAOB), Endexx has decided to part ways with Turner, Stone & Company, L.L.P., our previous independent auditors. This decision, effective February 9, 2024, and fully supported by our Board of Directors, reflects our proactive stance towards aligning our auditing practices with our strategic goals and operational requirements.

It’s important to clarify that this transition is in no way related to compliance or regulatory issues concerning Endexx Corporation. Our proactive dialogue with regulatory bodies affirms that this strategic shift is in the best interest of the company and our stakeholders, aligning with our dedication to transparency and accountability.

Navigating Change with Confidence

Throughout our tenure with Turner, Stone & Company, we observed multiple changes in their managing partners and senior partners. This turnover introduced challenges in maintaining the consistency and reliability we require for our forward momentum. Acknowledging these dynamics, we believe that seeking a new partnership with a firm that offers stability and aligns with our rapid growth trajectory is a prudent step forward.

Endexx is currently in the process of interviewing potential auditors and is committed to selecting a partner that not only meets our high standards for accuracy and transparency but also shares our vision for the future. A decision will be announced shortly, ensuring there is no delay in our financial reporting and that we continue to uphold our responsibilities to our shareholders and the market.

Looking Ahead with Renewed Focus

This transition marks a significant milestone for Endexx as we continue to innovate and lead in the wellness and nutritional product sectors. We are enthusiastic about the future and the opportunities that lie ahead, particularly for our HYLA division, which represents a key growth area for the company.