OMAHA, Neb.--(BUSINESS WIRE)--April 15, 2005--FindEx.com, Inc. (OTCBB:FIND) - (All amounts in US dollars)

FindEx Announces 4th Quarter and Full Year Results

FindEx.com, Inc. announced for the fourth quarter and year ended December 31, 2004, the results of its financial operations. The company continued its trend of strong revenue growth with a 21% increase in gross revenue for the 2004 calendar year versus 2003. Additionally, as a result of the July 19, 2004, $1,750,000 equity financing and subsequent additional financings, the company achieved a material restructuring of its balance sheet.

The company reports, for the three months ended December 31, 2004, gross revenues of approximately $1,888,000, a 1.5% decrease of $28,000 from the approximately $1,916,000 of the 2003 fourth quarter. For the year ended December 31, 2004, gross revenues were approximately $5,786,000, a 21% increase of $998,000 over the approximately $4,788,000 for the year ended December 31, 2003.

Financed by equity infusions in the third quarter, the company settled with various vendors on balances owed. As a result of the gross difference of approximately $1,002,000, between balances owed and lump-sums paid, an extraordinary item of approximately $601,000, net of applicable income taxes of $401,000, was realized in 2004. The company also recognized income tax benefits of approximately $1,735,000 during the fourth quarter of 2004 resulting from the re-assessment of the company's ability to continue as a going concern.

Inclusive of the above extraordinary item and income tax benefits, net income for the year ended December 31, 2004 increased by approximately $376,000 or 20% over the previous year. For the three months ended December 31, 2004 the company's net income increased to approximately $1,504,000 as compared to net income of approximately $1,349,000 for the three months ended December 31, 2003. It should be noted that the company had non-recurring expenses of approximately $187,000 for 2004 and approximately $61,000 for 2003. The company also made an adjustment to an accounting estimate resulting in a gain of approximately $266,000 during 2004 and non-recurring gain adjustments of approximately $1,450,000 for 2003. Full details are contained in the company's Form 10-KSB, filed on Edgar which is available at www.sec.gov.

As a result of the recapitalization, as of December 31, 2004, current assets increased 99% (or approximately $799,000) to approximately $1,602,000 versus current assets as of December 31, 2003 of approximately $802,000. Also as a result of the same recapitalization, as of December 31, 2004, current liabilities decreased 62% (or approximately $2,265,000) to approximately $1,383,000 versus current liabilities at December 31, 2003 of approximately $3,648,000.

In discussing the operating results and recapitalization of the company, Kirk Rowland, Chief Financial Officer for FindEx.com stated, "The equity financings enabled the company to reduce debt through lump-sum payments which have materially recapitalized the company. In addition, they allowed the company to shed the going concern qualification to the audit opinion and thus further improve our current ratio by allowing us to recognize deferred tax benefits. While the non-recurring items, tax benefits and extraordinary item significantly impacted our bottom line, they also helped spur revenue growth and put us in a position to enhance our long-term profitability."

FindEx President, Steven Malone, stated, "Revenue growth coupled with the equity financing we received last year have provided us the opportunity to pay down our debt and renew license agreements with our key publishing partners. Additionally, we have been able to significantly ramp up our product development schedule. In the second half of 2004, we released a new version of QuickVerse for both Palm OS and Pocket PC handheld devices, a new Windows version of QuickVerse, and a Palm OS and Pocket PC version of the New York Times best-selling Left Behind series of novels. In 2005, we have already released a new version of our church management product, Membership Plus, and will soon be releasing a new version of Bible Illustrator, our sermon preparation tool, along with a new version of QuickVerse for Apple Macintosh computers. The release of the Mac version of QuickVerse puts us in the position of being the only Bible software publisher to have a product that runs on all the popular desktop and handheld computing platforms. This has been a goal of ours for a long time and is a major milestone for the company from a competitive standpoint. Further, the company has commenced several exciting web-related initiatives that we expect to be launching in the months to come."

About FindEx.com, Inc.

Findex.com, Inc. is focused on becoming the premier 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.

Key Products

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 products conception. 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.

Safe Harbor

This press release contains forward-looking information 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. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Findex to be materially different from the statements made herein. Among others, these risks include but are not limited to the following: (i) limited liquidity and capital resources; (ii) serious business competition, (iii) fluctuations in operating results may result in unexpected reductions in revenue and stock price volatility; (iv) delays in product releases and introductions may result in unexpected reductions in revenue and stock price volatility, and (v) errors or defects in products may cause a loss of market acceptance and result in fewer sales. These, as well as other risks are described in the company's annual report on Form 10-KSB for the year ended December 31, 2004.

FindEx.com, Inc. (OTC Bulletin Board:FIND)

Contact:

FindEx.com, Inc.

Kirk Rowland

(402) 333-1900, investor@quickverse.com, www.quickverse.com,

Source: FindEx.com, Inc.