For the three and nine months ended September 2002 the Company reported increased gross sales of $1,000,339 and $3,216,545 respectively, as compared to $549,671 and $2,646,131 respectively, for the three and nine months ended September 30, 2001. Gross revenues for the third quarter increased by approximately $451,000, or 82% over the previous year.

The Company’s net loss decreased approximately $388,000 from approximately $434,000 for the three months ended September 30, 2001 to approximately $46,000 for the three months ended September 30, 2002 and our net income increased approximately $3,487,000 from a net loss of approximately $3,363,000 for the nine months ended September 30, 2001 to net income of approximately $124,000 for the nine months ended September 30, 2002. Our earnings before interest, taxes, depreciation, and amortization (EBITDA) increased approximately $364,000 from a loss of approximately $375,000 for the three months ended September 30, 2001 to a loss of approximately $11,000 for the three months ended September 30, 2002, and increased approximately $4,111,000 from a loss of approximately $3,768,000 for the nine months ended September 30, 2001 to EBITDA of approximately $343,000 for the nine months ended September 30, 2002.

FindEx Chief Executive Officer Steven Malone commented, “We are pleased with our continued improvements this year. While this past quarter did result in a small net loss, that loss was primarily created by our new product initiatives, which are a reflection of our optimism for our future. Our product development efforts are moving forward on a faster pace than ever before in our company’s history. In the coming quarters, we expect to release several new products along with upgraded versions of many of our existing top-selling products including QuickVerse. We fully expect these products to lead to increased revenue and greater profitability for the company.”

In discussing the operating results of the Company, Kirk Rowland, Chief Financial Officer for FindEx stated, “Achieving over $1,000,000 in gross sales for three consecutive quarters is enabling the Company to realize economies of scale lost to us in 2001. In addition, we have also been able to maintain a positive cash flow from operations, which is funding our product development initiatives. The continued patience and cooperation of our vendors and creditors has been greatly appreciated and has enabled us to move the Company down the road to recovery.”

FindEx is a developer, publisher, distributor and supplier of “inspirational” and faith-based, off-the-shelf software products to individuals and religious and other spiritual organizations including schools, churches and other faith-based ministries.

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In addition to the historical financial information contained herein, this release contains certain forward-looking statements. Forward-looking statements in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations and involve known and unknown risks and uncertainties, which may cause the Company’s actual results in future periods to differ materially from forecasted results. A number of factors, including those identified below, could adversely affect the Company’s ability to obtain these results:

· As of September 30, 2002, our current liabilities exceeded our current assets by $5,473,263, and our auditors included a “going concern” footnote in our audited financial statements for our last fiscal year ended December 31, 2001; · We are currently in arrears in the payment of approximately $230,000 of payroll taxes; · The outcome of our pending litigation with The Zondervan Corporation; · The outcome of threatened litigation with Swartz Private Equity, LLC; · The sufficiency of our existing capital resources and our ability to raise additional capital to fund cash requirements for future operations; · Our ability to meet ongoing royalty payment obligations; · Our ability to sustain sales of major product lines notwithstanding the removal of certain highly acknowledged and popular content; · Our dependence on third parties to fulfill a significant portion of our orders; · Uncertainties involved in our ability to introduce new products; · Our ability to retain key executives and other personnel; · Product returns exceeding reserves; · Potential infringement on our part of the intellectual property rights of others; and · General economic conditions.

More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the SEC, including the Company’s Form 10-KSB for the 2001 fiscal year and the Company’s 10-QSBs for the quarters ended March 31, 2002, June 30, 2002, and September 30, 2002, each as filed with the SEC.