Cdex, Inc. (fka CDEX)

[capnmike]

Why I have high hopes for my CDEX investment.

Effective November 7, 2005, CDEX Inc. ("the Company") entered into a strategic
distribution agreement ("Agreement) with Baxa Corporation ("Baxa"). The
Agreement provides for Baxa to be the exclusive distributor of CDEX's
ValiMed(TM) solution for medication verification for healthcare organizations in
the United States and Canada. Based on market experience and knowledge gained in
2006, the parties entered into an Amendment to Reseller Agreement ("Amendment)
effective January 30, 2007 to strengthen their relationship and the distribution
of Valimed (TM). The Amendment specifies the base pack of drug signatures to be
installed on Valimed(TM) units and provides a process and terms for additional
signatures, provides a fixed schedule for delivery, and waives Baxa's purchase
requirements to maintain distribution exclusivity.

By: /s/ Timothy Shriver

http://www.sec.gov/Archives/edgar/data/1173738/000121465907000211/0001214659-07-000211.txt