FindEx.com Announces First Quarter 2007 Financial Results

FindEx.com Announces First Quarter 2007 Financial Results OMAHA, Neb. May 22, 2007 FindEx.com, Inc. (OTC Bulletin Board: FIND), a leading software provider for Bible study through its QuickVerse® brand, and financial and data management for churches and non- profit organizations through its Membership Plus® brand, announced today the financial results of its operations for the first quarter ended March 31, 2007.

First Quarter Revenues, Earnings and Related Results of Operations For the first quarter ended March 31, 2007, gross revenue was approximately $1,270,000, a 7% increase of $88,000 compared to gross revenue of approximately $1,182,000 in the first quarter 2006. Gross margin for first quarter 2007 was 57%, a 1% increase from the 56% in the first quarter 2006. Total operating expenses for the first quarter 2007 decreased to approximately $686,000, a 15% improvement over the approximately $810,000 for the same period in 2006. Total sales, general and administrative costs were approximately $536,000 or 42% of gross sales in first quarter 2007, compared to approximately $664,000 or 56% of gross sales in the first quarter 2006.

The net loss for the first quarter 2007 was $5,681, an improvement of $881,115 compared to a net loss of $886,796 in the first quarter 2006. During the first quarter 2007 the company had derivative valuation gains of $26,544 compared to valuation losses of $608,872 for 2006, and non-recurring expenses related to registration rights penalties of $49,314 for the first quarter 2006 compared to zero for the first quarter 2007.

During the first quarter 2007, the company incurred total software development costs of $109,705, compared to $63,231 for the same period in 2006. In March 2007, the company launched a new release of QuickVerse Mac®. QuickVerse Mac, a leading Bible study software, applies best in class technology with a Mac interface to bring Biblical knowledge to all Apple Mac users. QuickVerse Mac is available at QuickVerse.com, Apple Stores, Amazon.com and many other retailers.

Full details of the company's financials are contained in the company's Form 10-QSB for the fiscal quarter ended March 31, 2007, filed with the Securities and Exchange Commission. Kirk Rowland, FindEx.com's Chief Financial Officer commented,"We were pleased to show increases in gross revenue and gross margin while reducing our operating expenses in the first quarter. We have continued to be an efficient and productive enterprise and we are projecting operating expenses to remain flat in the second and third quarters of 2007. Our focus is to improve top line growth by continuing to introduce new products and platforms, such as our recently released QuickVerse Windows content additions from Geoffrey W. Bromiley, commonly know as "Little Kittel", and Kenneth S. Wuest. We anticipate these new product introductions and consistent customer upgrades by our installed base of loyal users will help ramp revenue and transition us to profitability."

About FindEx.com, Inc.

FindEx.com, Inc. is focused on becoming the premier worldwide Bible study software provider. The company develops and publishes church and Bible study software products designed to simplify biblical research, streamline church office tasks, provide easy access to Bible-related stories, and enhance the user's understanding of the Bible. The company also publishes a product for the financial and data management of churches and non-profit service organizations. The company's one operating division called The Parsons Church Group was acquired in July 1999 from The Learning Company, a division of Mattel, Inc.

The Company's main product is QuickVerse, a Bible study search engine tool. Over 1,000,000 copies of QuickVerse have been sold since the product's introduction. Significant and also growing in importance is the Membership Plus product, a Windows-based financial and data management product for churches and other non-profits. All products are available at the company's website www.quickverse.com.

Discussion of Forward-Looking Statements by Findex.com, Inc.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deemed to be forward- looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends" and similar expressions are intended to identify forward-looking statements. Our actual results and the outcome and timing of certain events may differ significantly from the expectations discussed in the forward-looking statements. Factors that might cause or contribute to such a discrepancy include, but are not limited to our limited liquidity and capital resources, the costs and expenses of developing, maintaining and protecting our intellectual property, including judgments or settlements paid or received and their related costs, the possibility of future losses and negative cash flow from operations, the effect of overall market conditions, including trading volume and volatility, our pricing strategy and that of our competitors, our ability to develop new products and services, to enter new markets, to secure and maintain market share, to enter into marketing and strategic alliances, and other transactions, including acquisitions, reorganizations, partnering opportunities, and joint ventures, to hire new personnel, the possibility of delays in product releases and introductions that may result in unexpected reductions in revenue and stock price volatility, and (v) the possibility of errors or defects in products may cause a loss of market acceptance and result in fewer sales. These, as well as other factors, are described in the "Risk Factors" section of the company's annual report on Form 10-KSB for the year ended December 31, 2006 filed with the U.S. Securities and Exchange Commission.

We believe that all forward-looking statements are based upon reasonable assumptions when made. However, we caution that it is impossible to predict actual results or outcomes or the effects of risks, uncertainties or other factors on anticipated results or outcomes and that accordingly you should not place undue reliance on these statements. Forward-looking statements speak only as of the date when made and we undertake no obligation to update these statements in light of subsequent events or developments.

Copyright © Hugin ASA 2007. All rights reserved.

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