Fording Canadian Coal Trust Selects VisualBoardBooks
18th January, 2006
ENDEXX Corporation (OTC: EDXC), provider of VisualBoardBooks' ePortal XRM Technology, announced today that Fording Canadian Coal Trust, an income trust based in Calgary, Alberta, has selected Endexx Corporation's flagship service, VisualBoardBooks, to automate its board processes.
Colin Petryk, Administrator of Corporate Secretarial Services for Fording stated that, "Fording selected VisualBoardBooks for board and committee meetings because the service is secure, easy to use, and online." Fording is listed on the TSX and the NYSE.
Michael Atkins, Chief Executive Officer commented, "We provided Fording with an online VisualBoardBooks demonstration at the Canadian Society of Corporate Secretaries annual corporate governance conference in Banff, Canada this fall, along with 200 other Canadian firms. Fording has become one of Endexx's leading international customers."
Fording Canadian Coal Trust is an open-ended mutual fund trust. The Trust was formed by way of a plan of arrangement effective February 28, 2003. Through investments in metallurgical coal and industrial minerals mining and processing operations, the Trust makes quarterly cash distributions to unitholders. The Trust, through its subsidiaries, has a 60% interest in Elk Valley Coal, and is the world's largest producer of the industrial mineral wollastonite. Elk Valley Coal is the world's second largest exporter of metallurgical coal, supplying high-quality coal products to the international steel industry. Elk Valley Coal also owns a 46% interest in Neptune Bulk Terminals (Canada) Ltd.
ENDEXX has focused all of its resources to position VisualBoardBooks' XRM Technology™ as the dominant ePortal board book solution and platform for the highly regulated corporate governance industry. VisualBoardBooks, Inc. is a division of publicly traded ENDEXX Corporation, a company dedicated to providing online board books for corporate governance to the highly regulated and public companies.
VisualBoardBooks provides a web-based service that helps corporate boards maintain their books efficiently and cost-effectively. The service is powered by the company's eXecutive Relationship Management™ technology (XRM). This new proprietary XRM-based solution enables executives, directors, counsel and staff the ability to manage board books and critical corporate information online, reducing risk. Features include: archival and real-time books; calendar and scheduling; documents, committees, email and contact lists; telephone and video conferencing; and a unique drag and drop Agenda Designer™.