S-1/A

                                UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                          FORM S-1/A FOURTH AMENDMENT
             REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

                             CREDEX CORPORATION
              (Exact name of registrant as specified in its charter)

              Florida                       6199                    16-1731286
  (State or Jurisdiction of     (Primary Standard Industrial  (I.R.S. Employer
Incorporation or Organization)   Classification Code Number)    Identification
                                                                   Number)

                   454 Treemont Drive, Orange City, Fl 32763
                                  (386) 218-6823

   (Address including Zip Code, and Telephone Number, Including Area Code, of
                   Registrant's Principal Executive Offices)

                                Richard R. Cook, Esq.
                                 Credex Corporation
                     454 Treemont Dr., Orange City, FL  32763
                                   (386) 218-6823

           (Name, Address, Including Zip Code, and Telephone Number,
                   Including Area Code,of Agent for Service)


Approximate date of commencement of proposed sale to the public:  As soon as
practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to offered on a
delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933 check the following box: X

If this Form is filed to register additional securities for an offering pursuant
to Rule 462(b) under the Securities Act, please check the following box and list
the Securities Act registration statement of the earlier effective registration
statement for the same offering. _____

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under
the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. _____

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under
the Securities Act, check the box and list the Securities Act registration
statement number of the earlier effective registration statement for the same
offering. _____

Indicate by check mark whether the registrant is a large accelerated filer, an
accelerated filed, a non-accelerated filer, or a smaller reporting company, See
the definitions of "large accelerated filed," "accelerated filer" and "smaller
reporting company" in Ruler 12b-2 of the Exchange Act.

Large accelerated filer ___               Accelerated filer ___
Non-accelerated filer ___                 Smaller reporting company  X
  (Do not check if a smaller reporting company)


                                       1

                       CALCULATION OF REGISTRATION FEE

                                          Proposed    Proposed
                                          Maximum     Maximum
                               Amount     Offering    Aggregate   Amount of
"Title of Each Class of        Being      Price Per   Offering   Registration
Security Being Registered"   Registered   Security     Price          Fee

Shares of common stock, par
 value $.001 per share(2)    2,940,625    $0.25(1)   $735,156      $52.42

Total                        2,940,625               $735,156      $52.42

(1)  Calculated pursuant to Rule 457 under the Securities Act of 1933
arbitrarily set because of no trading history because this registration
statement is being filed concurrently with Form 10 statement under the
Securities Act of 1934 to allow initial reporting and trading to start.
(2)  Represents shares of the Registrant's common stock being registered for
resale that have been issued to the selling stockholders named in this
registration statement.






                                       2

THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY
NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER
TO SELL THESE SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES
IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.

                        2,940,625 Shares of Common Stock

The offering is for 2,940,625 shares of our common stock held by current
shareholders (selling stockholders) that are being registered for sale on a
continuous basis.  Credex will not receive any of the proceeds from the sale of
stock by the Selling Stockholders.

Until such time as our common stock is listed on the Over the Counter Bulletin
Board, we expect that the selling stockholders will sell their shares at prices
between $ .15 and $.25, if any shares are sold.  After our common stock is
quoted on the OTCBB, the selling stockholders may sell all or a portion of these
shares from time to time in market transactions through any stock exchange
or market on which our stock is then listed, in negotiated transactions or
otherwise, and at prices and on terms that will be determined by the
then-prevailing market price or at negotiated prices.

None of our stock is now being publicly traded.  When and if a public market
develops, you are urged to obtain current market quotations of our common stock
before purchasing any of the shares being offered for sale pursuant to this
prospectus.

These securities involve a high degree of risk. Please carefully review the
section titled "Risk Factors" on page 7.

Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or passed upon the
adequacy or accuracy of the prospectus. Any representation to the contrary is a
criminal offense.

This prospectus is not an offer to sell any securities other than the shares of
common stock offered hereby. This prospectus is not an offer to sell securities
in any circumstances in which such an offer is unlawful.

You should rely only on the information contained in this prospectus. We have
not authorized anyone to provide you with different information. We are not
making an offer of these securities in any state where the offer is not
permitted. You should not assume that the information contained in this
prospectus is accurate as of any date other than



             THE DATE OF THIS PROSPECTUS IS [             ], 2011.

                                       3

                              CREDEX CORPORATION

TABLE OF CONTENTS                                                   Page

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS                     5
SUMMARY OF THE OFFERING                                               5
RISK FACTORS                                                          7
WHERE YOU CAN FIND ADDITIONAL INFORMATION                            14
DIVIDEND POLICY                                                      15
DETERMINATION OF OFFERING PRICE                                      15
DILUTION                                                             16
SELLING STOCKHOLDERS                                                 17
PLAN OF DISTRIBUTION                                                 18
DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED              20
INTERESTS OF NAMED EXPERTS AND COUNSEL                               22
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
       AND PLAN OF OPERATIONS                                        22
    PROPOSED BUSINESS                                                28
    MANAGEMENT                                                       40
    EXECUTIVE COMPENSATION                                           44
    PRINCIPAL SHAREHOLDERS                                           45
    CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS             45
    LEGAL PROCEEDINGS                                                46
    OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION                      46
INDEMINIFICATION OF DIRECTORS AND OFFICERS                           46
    SECURITIES AND EXCHANGE COMMISSION INDEMNIFICATION DISCLOSURE    46
RECENT SALES OF UNREGISTERED SECURITIES                              47
FINANCIAL STATEMENTS                                                 49
UNDERTAKINGS                                                         63
SIGNATURES                                                           66

EXHIBITS
    3.(i)  RESTATED ARTICLES OF INCORPORATION OF CREDEX CORPORATION
    3.(ii) BYLAWS OF CREDEX CORPORATION
    5      OPINION LETTER OF ATTORNEY
    10     AGREEMENT FOR SERVICES
    10.1   AGREEMENT WITH PIF SERVICES
    10.2   SUBSCRIPTION AGREEMENT
    23     CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

                                       4

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

CREDEX CORPORATION (the "Company") is including the following cautionary
statement to make applicable and take advantage of the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 for any forward-looking
statements made by, or on behalf of, the Company.  The information contained in
this registration statement, includes some statements that are not purely
historical and that are forward-looking statements.  Such forward-looking
statements include, but are not limited to, statements regarding management's
expectations, hopes, beliefs, intentions or strategies regarding the future,
including our financial condition and results of operations. In addition, any
statements that refer to projections, forecasts or other characterizations of
future events or circumstances, including any underlying assumptions, are
forward-looking statements. The words "anticipates," "believes," "continue,"
"could," "estimates," "expects," "intends," "may," "might," "plans," "possible,"
"potential," "predicts," "projects," "seeks," "should," "would" and similar
expressions, or the negatives of such terms, may identify forward-looking
statements, but the absence of these words does not mean that a statement is
not forward-looking.  The forward-looking statements contained in this
Prospectus are based on current expectations and beliefs concerning future
developments. These that may cause actual results or performance to be
materially different from those expressed or implied by these forward-looking
statements involve a number of risks and uncertainties some of which are beyond
the companies' control. In addition to other factor and matters discussed
elsewhere herein, the following is an important factors that, in the view of
the Company, could cause actual results to differ materially from those
discussed in the forward-looking statements: the ability of the Company to
obtain acceptable forms and amounts of financing to fund planned operations,
technology development, marketing and other expansion efforts.  The Company has
no obligation to update or revise forward-looking statements to reflect the
occurrence of future events or circumstances.  You should also read the Risk
Factors set out on page 7 through 17 of this Prospectus in conjunction with
this Cautionary Statement.

Summary of the offering

You should read the entire prospectus, including "Risk Factors," our financial
statements, the related notes thereto and the other documents to which this
prospectus refers, before making an investment decision. In this prospectus, the
terms Credex,

                                       5

"the Company," "we," "our" and "us" refer to Credex Corporation, a Florida
corporation.

The offering is for 2,940,625 shares of our common stock held by current
shareholders (selling stockholders) that is being registered.  Credex will not
receive any of the proceeds from the sale of stock by the Selling Stockholders.

Information regarding the Selling Stockholders and the times and manner in
which they may offer and sell the shares under this prospectus is provided under
"Selling Stockholders" and "Plan of Distribution" in this prospectus.

The Selling Stockholders, and any broker-dealer executing sell orders on behalf
of the Selling Stockholders or Credex, may be deemed to be "underwriters" within
the meaning of the Securities Act of 1933. Commissions received by any
broker-dealer may be deemed to be underwriting commissions under the Securities
Act of 1933. See "Plan of Distribution."

Credex is not an operating company and has never earned revenue from operations.
Credex is not operating its business until such time as capital is raised for
operations.

Credex Corporation, a Florida Corporation formed on September 2, 2005, for
purchasing, servicing, managing and reselling of non-performing (defaulted)
unsecured credit card debt portfolios to be acquired from financial institutions
distressed debt wholesalers and other debt resellers.

The Company intends to purchase portfolios with all rights, title and interest
of non-performing accounts receivable (credit card debt) at deeply discounted
rates, (approximately 3% or less of face values), outsource the collection
process, develop a portfolio of restructured debt and sell the residual
portfolio.

Non-performing portfolios accumulate in the normal course of operations, when a
credit grantor from time to time charges-off from its books, accounts which are
delinquent. Because the outstanding balance remains the obligation of the
defaulting customer, a group of charged-off accounts (a portfolio) contains
a value which can be obtained through various collection techniques. This value
or yield is dependent upon several variables such as creditor standards,
geographical stratification of the portfolio, age of the charge-offs, stages of
internal and external collection efforts, elapsed time since collection was last
worked, elapsed time since last activity, past recovery obtained from collection

                                       6

efforts and whether the debt is within the statute of limitations. These
portfolios may be acquired at significant discounts of their face value, ranging
from $0.01 to $0.57 on the dollar, with an expected return of 10% to 12% of the
face value of the portfolios. The Company intends to purchase portfolios of
Primary, Secondary and Tertiary distressed credit card debt from distressed debt
wholesalers and re-sellers because they offer smaller portfolios for sale and
re-purchase. These portfolios usually sell for $0.01 to $0.03 per dollar of face
value. The prices stated are for 2009. On average, approximately $800,000 of
face value defaulted credit card debt can be purchased with $12,000.

Credex's executive office is located at and its mailing address is 454 Treemont
Drive, Orange City, FL  32763. The telephone number is (386) 218-6823. The fax
number is (386)218-6823.

RISK FACTORS

THE SHARES ARE HIGHLY SPECULATIVE, INVOLVE A HIGH DEGREE OF RISK AND SHOULD BE
PURCHASED ONLY BY PERSONS WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT.
PROSPECTIVE INVESTORS IN THE SHARES SHOULD CAREFULLY CONSIDER THE FOLLOWING RISK
FACTORS IN ADDITION TO THE OTHER INFORMATION CONTAINED IN THIS PROSPECTUS.

BECAUSE CREDEX LACKS OPERATING HISTORY, IT POSSIBILY MAY GO OUT OF BUSINESS.

New ventures are inherently more risky than seasoned operating ventures.
Although Credex has not operated pursuant to its business plan, in 2005 Credex
purchased a portfolio of defaulted credit card debt to test the feasibility of
its business plan.  On a trial basis accounts from the portfolio were collected.
The remainder of the portfolio was then sold.  These transactions are shown in
the statement of operation in Item 13 of this Registration Statement.

BECAUSE CREDEX IS A DEVELOPMENT STAGE COMPANY, IT POSSIBLY MAY GO OUT OF
BUSINESS.

Credex is a development stage company.  The Company will be reliant upon
additional funding of $250,000 during the next twelve (12)
months to initiate its business. This money may not be raised.

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IF IT IS NOT SUCCESSFUL IN SELLING ITS SHARES, WHEN OFFERED, CREDEX MAY GO OUT
OF BUSINESS.

When it offers its shares for sale to the public, Credex may be unsuccessful
because it has no operations, it has no public market for its shares, and it
has not implemented its business plan.

IF CREDEX DOES NOT ATTAIN ITS GOALS FOR GROWTH, THE COMPANY MAY GO OUT OF
BUSINESS.

Credex has not implemented its business plan, has not hired needed key
personnel, and has not obtained the required funding for implementation of
planned operations. Because of these factors, Credex may not achieve its
business goal for growth.

BECAUSE OF UNCERTAINTY OF SIGNIFICANT ASSUMPTIONS FOR FUNDING FROM STOCK SALES
NOT HEPPENING, CREDEX MAY GO OUT OF BUSINESS.

Credex is a development stage company.  The Company will be reliant upon
additional funding of $250,000 during the next twelve (12)
months to initiate its business. This money may not be raised.

The Company's plans for financing and implementing its planned business
operations and the projection of the Company's potential for profitability from
its intended operations are based on the experience, judgment and certain
assumptions of management and upon certain available information concerning
availability of non-performing credit card debt.  Funds anticipated through
stock sales may not be realized.  The Company's plans are based on the following
assumptions: That all or any Shares in future offerings will be sold; that the
Company will be successful in adhering to its planned formula for growth; and
that sales will reach a minimum level to allow profitability. The Risk is that
this money may not be raised.

THE COMPETITION FACED BY CREDEX MAY CAUSE CREDEX NOT TO ATTAIN ITS GROWTH PLANS
RESULTING IT GOING OUT OF BUSINESS.

Competitors of the Company include traditional consumer debt buyers and sellers
such as Portfolio Recovery Associates, Collins Financial Services, Inc.,
Oliphant Financial Corp., US Credit Corp., and many other financial
institutions. Competitors have an advantage over the Company primarily due to
the fact that they have more funds to invest in portfolio purchases. These
competitors also have lengthy profitable operating histories.

                                       8

BECAUSE OF UNCERTAINTY OF ADEQUACY OF FINANCIAL RESOURCES FROM PROFITABLE
OPERATIONS, CREDEX MAY GO OUT OF BUSINESS.

Credex is a development stage company.  The Company will be reliant upon
additional funding of $250,000 during the next twelve (12)
months to initiate its business as set forth in its continuing strategic plan
for growth.

Credex may not reach profitability from operations because of the competition
it faces, funding needed for key personnel and implementation of the planned
operations, and meeting of its milestones in the next twelve months.  [Refer
to page  7 ]

BECAUSE OF DEPENDENCE ON KEY PERSONNEL, CREDEX MAY GO OUT OF BUSINESS.

The Company has been significantly dependent on the services of Cypress, Denise
Leonardo, Chairman, President/CEO and Steven G. Salmond, Treasurer/CFO and,
Secretary. In the future, the Company will be dependent upon their services and
outside consultants in distressed debt purchasing, managing and re-selling and
any future employees of the Company for the continued development of the
Company's services. The loss of services of senior management could have a
substantial adverse effect on the Company.  The success of the Company's
business will be largely contingent on its ability to attract and retain highly
qualified corporate and operations level management team.

POTENTIAL LIABILITY AND INSURANCE COSTS MAY CAUSE CREDEX TO GO OUT OF BUSINESS.

As with all businesses operating in today's somewhat litigious atmosphere, the
Company's intended operations could expose it to a risk of liability for legal
damages arising out of its operations.  The Company intends to carry acceptable
levels of liability insurance for its industry.

BECAUSE OF NO HISTORICAL BASIS FOR MANAGEMENT'S OPINION, EVALUATION OF CREDEX
IS DIFFICULT.

Although all of the Company's Officers, Directors, and its management team have
experience in and have been involved in the daily operations of the Company,
which to this point have involved almost exclusively the securing of capital so
the Company can execute its business plan.  There  is no basis, other than the

                                       9

judgment of the Company's management, on which to estimate, (i) the level of
market acceptance or the amount of revenues which the Company's planned
operations may generate, or (ii) other aspects of the Company's proposed
operations.

NO TRADING HISTORY OF COMMON STOCK MAKES STOCK TRADING PRICE IF ANY NOT POSSIBLE
TO ESTIMATE.

The Company's Common Shares have not been traded publicly. Recent history has
shown that the market price of Common Stock fluctuates substantially due to a
variety of factors, including market perception of a company's ability to
achieve its planned growth, quarterly operating results of the Company or other
similar companies, the trading volume in the Company's Common Stock, changes in
general conditions in the economy or other developments affecting the Company or
its competitors.  In addition, the stock market is subject to extreme price and
volume fluctuations.  Volatility has had a significant effect on the market
prices of securities issued by many companies for reasons unrelated to the
operating performance of these companies.

BECAUSE CREDEX HAS NOT COMMENCED PLANNED OPERATIONS, WHICH MUST BE PROFITABLE
FOR DIVIDEND PAYMENTS, DIVIDENDS CANNOT BE ESTIMATED OR PAID.

No dividends have been paid on the Shares and the Company does not anticipate
the payment of cash dividends in the foreseeable future.  If the operations of
the Company become profitable, it is anticipated that, for the foreseeable
future, any income received would be devoted to the Company's future operations
and that cash dividends would not be paid to the Company's Shareholders.
(See "Business - Dividend Policy.")

BECAUSE OF LACK OF MANAGEMENT EXPERIENCE NEEDED FOR PLANNED OPERATIONS, CREDEX
MAY GO OUT OF BUSINESS.

None of the officers or directors has any experience in management of a company
providing the services Credex proposes to offer.

Mr. Salmond, the Company's CFO, has experience managing and operating a public
company.  Failure to comply or adequately comply with any laws, rules, or
regulations applicable to our business may result in fines or regulatory actions
which may materially adversely affect our business, results of operation, or
financial condition and could result in delays in the development of an active
and liquid trading market for our stock.

                                       10

IF WE FAIL TO MAINTAIN AN EFFECTIVE SYSTEM OF INTERNAL CONTROL OVER FINANCIAL
REPORTING, OUR ABILITY TO ACCURATELY AND TIMELY REPORT OUR FINANCIAL RESULTS OR
PREVENT FRAUD MAY BE ADVERSELY AFFECTED AND INVESTOR CONFIDENCE AND THE MARKET
PRICE OF OUR COMMON STOCK MAY BE ADVERSELY IMPACTED.

Recently, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010,
which became effective on July 21, 2010, has amended Section 404 of the
Sarbanes-Oxley Act of 2002 (the "Act"). The rules adopted by the SEC pursuant to
the Act require an annual assessment of our internal control over financial
reporting. We believe that the annual assessment of our
internal controls requirement will first apply to our annual report for the 2011
fiscal year. The standards that must be met for management to assess the
internal control over financial reporting as effective are new and complex, and
require significant documentation, testing and possible remediation to meet the
detailed standards. We may encounter problems or delays in completing activities
necessary to make an assessment of our internal control over financial
reporting. Pursuant to the amended Act, as neither a "large accelerated filer"
nor an "accelerated filer", we are exempt from the requirements of Section
404(b) of the Act to obtain an auditor's report on management's assessment that
the effectiveness of the Company's internal control over financial reporting is
effective.  The expense of compliance may prohibit the Company from becoming
operational.

CREDEX NEEDS FOR ADDITIONAL EMPLOYEES IF SUITABLE EMPLOYEES ARE NOT FOUND CREDEX
MAY GO OUT OF BUSINESS.

The Company's future success also depends upon its continuing ability to attract
and retain highly qualified personnel. Expansion of the Company's business and
operation will require additional managers and employees with industry
experience, and the success of the Company will be highly dependent on the
Company's ability to attract and retain skilled management personnel and other
employees. There can be no assurance that the Company will be able to attract or
retain highly qualified personnel. Competition for skilled personnel in the
construction industry is significant. This competition may make it more
difficult and expensive to attract, hire and retain qualified managers and
employees.

                                       11

THERE IS LIMITED LIQUIDITY ON THE BULLETIN BOARDS WHICH LIMITS THE POTENTIAL
MARKET FOR ITS STOCK..

We intend to have our stock quoted on the OTC Bulletin Board or through the Pink
Quotation System Bulletin Board.  The OTC Bulletin Board is a significantly more
limited market than the New York Stock Exchange or NASDAQ system.  When fewer
shares of a security are being traded on the OTCBB, volatility of prices may
increase and price movement may outpace the ability to deliver accurate quote
information.  Due to lower trading volumes in shares of our Common Stock, there
may be a lower likelihood of one's orders for shares of our Common Stock being
executed, and current prices may differ significantly from the price one was
quoted at the time of one's order entry.

IN ORDER TO RAISE SUFFICIENT FUNDS TO EXPAND OUR OPERATIONS, WE MAY HAVE TO
ISSUE ADDITIONAL SECURITIES AT PRICES WHICH MAY RESULT IN SUBSTANTIAL DILUTION
TO OUR SHAREHOLDERS THUS LIMITING THE MARKET FOR OUR STOCK.

If we raise additional funds through the sale of equity or convertible debt, our
current stockholders' percentage ownership will be reduced. In addition, these
transactions may dilute the value of our common shares outstanding. We may have
to issue securities that may have rights, preferences and privileges senior to
our common stock. We cannot provide assurance that we will be able to raise
additional funds on terms acceptable to us, if at all. If future financing is
not available or is not available on acceptable terms, we may not be able to
fund our future needs, which would have a material adverse effect on our
business plans, prospects, results of operations and financial condition.

WE NEED ADDITIONAL CAPITAL TO FUND OUR OPERATIONS. WE MAY NOT BE ABLE TO OBTAIN
SUFFICIENT CAPITAL AND MAY BE FORCED TO LIMIT THE SCOPE OF OUR PROPOSED
OPERATIONS.

If adequate additional financing is not available on reasonable terms, we may
not be able to carry out our corporate strategy and we would be forced to modify
our business plans accordingly.

In connection with our growth strategies, we may experience increased capital
needs and accordingly, we may not have sufficient capital to fund our future
operations without additional capital investments. Our capital needs will depend
on numerous factors, including (i) our profitability; (ii) the release of
competitive products by our competition; (iii) the level of our investment in

                                       12

research and development; and (iv) the amount of our capital expenditures,
including acquisitions. We cannot assure you that we will be able to obtain
capital in the future to meet our needs.

In recent years, the securities markets in the United States have experienced
a high level of price and volume volatility, and the market price of securities
of many companies have experienced wide fluctuations that have not necessarily
been related to the operations, performances, underlying asset values or
prospects of such companies. For these reasons, our securities can also be
expected to be subject to volatility resulting from purely market forces over
which we will have no control. If we need additional funding we will, most
likely, seek such funding in the United States and the market fluctuations
affect on our stock price could limit our ability to obtain equity financing.

IF WE CANNOT OBTAIN ADDITIONAL FUNDING, WE MAY BE REQUIRED TO: (I) LIMIT OUR
EXPANSION; (II) LIMIT OUR MARKETING EFFORTS; AND (III) DECREASE OR ELIMINATE
CAPITAL EXPENDITURES. SUCH REDUCTIONS COULD MATERIALLY ADVERSELY AFFECT OUR
BUSINESS AND OUR ABILITY TO COMPETE.

Even if we do find a source of additional capital, we may not be able to
negotiate terms and conditions for receiving the additional capital that are
favorable to us. Any future capital investments could dilute or otherwise
materially and adversely affect the holdings or rights of our existing
shareholders. We cannot give you any assurance that any additional financing
will be available to us, or if available, will be on terms favorable to us.

BECAUSE OF PENNY STOCK REGULATIONS, CREDEX MAY NOT BE ABLE TO INTEREST THE
NEEDED BROKER-DEALERS TO MAKE A MARKET FOR ITS SHARES.

The stock registered hereby are subject to "Penny Stock" regulations.
Broker-dealer practices in connection with transactions in "penny stock" are
regulated by certain penny stock rules adopted by the Commission.  Penny stocks
generally are equity securities with a price of less than $5.00 (other than
securities registered on certain national securities exchanges or quoted on
Nasdaq provided that current price and volume information with respect to
transactions in such securities is provided by the exchange or systems) or to
other than establish customers or accredited investors. [In general, "accredited

                                       13

investors" are defined as institutions with assets in excess of $5,000,000 or
individuals with net worth in excess of $1,000,000 or annual income exceeding
$200,000 or $300,000 with their spouses.]

The penny stock rules require a broker-dealer, prior to transaction in a penny
stock not otherwise exempt from the rules, to deliver a standardized disclosure
document that provided information about penny stocks and the risks in penny
stock market.  The broker-dealer also must provide the customer with current
bid and offer quotations for the penny stock, the compensation of the
broker-dealer and its sales person in connection with the transaction, and
monthly account statements showing the market value of each penny stock held in
the customer's account. In addition, the penny stock rules generally require
that prior to a transaction in a penny stock, the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written agreement to the transaction.
These disclosure requirements may have the effect of reducing
the level of trading activity in the secondary market for a stock that becomes
subject to the penny stock rules.  If the Company's securities become subject
to the penny stock rules, investors in the Offering may find it more difficult
to sell their securities.

WHERE YOU CAN FIND ADDITIONAL INFORMATION

We have filed with the SEC a registration statement on Form S-1 under the
Securities Act with respect to the shares of common stock offered hereby. This
prospectus, which constitutes a part of the registration statement, does not
contain all of the information set forth in the registration statement or the
exhibits and schedules filed therewith. For further information about us and
the common stock offered hereby, we refer you to the registration statement and
the exhibits and schedules attached thereto. Statements contained in this
prospectus regarding the contents of any contract or any other document that is
filed as an exhibit to the registration statement are not necessarily complete,
and each such statement is qualified in all respects by reference to the full
text of such contract or other document filed as an exhibit to the registration
statement. Upon completion of this offering, we will be required to file
periodic reports, proxy statements, and other information with the SEC pursuant
to the Securities Exchange Act of 1934. You may read and copy this information
at the Public Reference Room of the SEC, 100 F. Street, N.E., Room 1580,

                                       14

Washington, D.C. 20549. You may obtain information on the operation of the
public reference rooms by calling the SEC at 1-800-SEC-0330. The SEC also
maintains an Internet website that contains reports, proxy statements and other
information about issuers, like us, that file electronically with the SEC. The
address of that site is www.sec.gov.

Before Credex filed this Form S-1 it filed a Form 10, Registration Statement
and a 10-Q pursuant to the Securities Exchange Act of 1934.  Subsequently,  a
Form 10-K was filed on March 16, 2011.

The information contained in the Form 10, 10-Q and S-1 are available at the
sec.gov site under company filings in the EDGAR system.

DIVIDEND POLICY

Credex has never paid a dividend.

The Company does not currently intend to declare or pay any
dividends on its Common Stock, except to the extent that such payment is
consistent with the Company's overall financial condition and plans for growth.
For the foreseeable future, the Company intends to retain excess future earnings
if any, to support development and growth of its business. Any future
determination to declare and pay dividends will be at the discretion of the
Company's Board of Directors and will be dependent on the Company's financial
condition, results of operations, cash requirements, plans for expansion, legal
limitations, contractual restrictions and other factors deemed relevant by the
Board of Directors.

DETERMINATION OF OFFERING PRICE

The offering price has been arbitrarily set by the Board of Directors. No market
price could otherwise be determined because Credex's shares have not been traded
resulting in no history for valuation.

As there is no established public market for our shares, the offering price and
other terms and conditions relative to our shares have been arbitrarily
determined by Credex and do not bear any relationship to assets, earnings, book
value, or any other objective criteria of value. In addition, no investment
banker, appraiser, or other independent third party has been consulted
concerning the offering price for the shares or the fairness of the offering
price used for the shares. The price of the current offering is fixed at $0.25

                                       15

per share. This price is significantly greater than the price paid by the
company's officers and directors for common equity since the company's inception
on September 2, 2005. The company's officers and directors paid $0.001 per share
a difference of $0.249 per share lower than the share price in this offering.
Other officers and directors paid $.10 per share and $.01 per share.

Until such time as our common stock is listed on the Over the Counter Bulletin
Board, we expect that the selling stockholders will sell their shares at prices
between $ .15 and $.25, if any shares are sold.  After our common stock is
quoted on the OTCBB, the selling stockholders may sell all or a portion of these
shares from time to time in market transactions through any stock exchange
or market on which our stock is then listed, in negotiated transactions or
otherwise, and at prices and on terms that will be determined by the
then-prevailing market price or at negotiated prices.

DILUTION

The common stock to be sold by the selling shareholders is set out in the
Selling Security Holders section is common stock that is currently issued.
Accordingly, there will be no dilution to our existing shareholders.


                          [Intentionally Left Blank]


                                       16

SELLING STOCKHOLDERS

The following list of shareholders and their shares of common stock to be sold
are as follows:

                     Shares owned    Shares
                     Prior to the    to be      Shares       Retained
Shareholder Name           offering       Sold      Retained    %ownership

Leonardo, Denise*                300,000     300,000          0             0%
Gansel, Carol C.                  50,000      50,000          0             0%
Mitchell, Jerome D.               25,000      25,000          0             0%
Schonsheck, Darold N.            237,500     237,500          0             0%
Price, Louise A.                  15,000      15,000          0             0%
Cook, Edward T.                   10,000      10,000          0             0%
Bullock, David W.                 10,000      10,000          0             0%
Kuker, Timothy L.                 35,000      35,000          0             0%
Worl, Ronald S.                   10,000      10,000          0             0%
Solimini, Karen L.                50,000      50,000          0             0%
Doane, Kelly A.                   50,000      50,000          0             0%
Goodwin, Julie Ann**             253,100     253,100          0             0%
Goodwin, George Kirby             50,000      50,000          0             0%
Goodwin, Mary Beatrice            50,000      50,000          0             0%
Widmer, Ruth                     100,000     100,000          0             0%
Kuker, Jonathan                   35,000      35,000          0             0%
Armstrong, Charleen              100,000     100,000          0             0%
Gridley, Guinevere                10,000      10,000          0             0%
Deveau, Sheila P.                 10,000      10,000          0             0%
Raynard, Thomas                   50,000      50,000          0             0%
Pitman, Randall E.                50,000      50,000          0             0%
Hannam, Teresa                    45,500      45,500          0             0%
Bradaric, Judith                  20,000      20,000          0             0%
Murphy, William A.                30,000      30,000          0             0%
Lehman, Larry                     27,500      27,500          0             0%
Hampton, Michael W.              100,000     100,000          0             0%
Globex Transfer, LLC             125,000     125,000          0             0%
Panceria, Bruce                   38,275      38,275          0             0%
Bashaw-Werner, Renay             350,000     350,000          0             0%
Weller, Janine  ***              350,000     350,000          0             0%
Greiner, Terry E.                 12,500      12,500          0             0%
Childress, Sondra B.              25,000      25,000          0             0%
Schonsheck, Bethany L.            25,000      25,000          0             0%
Schonsheck, Theodore A.           25,000      25,000          0             0%
Bostic, Stephen N.                25,000      25,000          0             0%
Cameron, Doreen L.                56,250      56,250          0             0%
Lee, James A.                     10,000      10,000          0             0%
Mitchell, Jerome C.              125,000     125,000          0             0%
Mary G. Bashaw Irrevocable
  Trust, William P. Bashaw,
  Ttee.                           50,000      50,000          0             0%

Total			       2,940,625

*  Ms. Leonardo served as Treasurer, Chief Financial Officer and Director of the
Company from her appointment on October 24, 2007 until May 28, 2010 when she was
elected President. Her responsibilities included oversight over
internal controls, financial reporting and compliance with state and federal
laws.
** Julie Ann Goodwin is a current director.

                                       17

*** Janine Weller is a current director and sister of Renay Bashaw-Werner.

None of the selling stockholders is a broker/dealer or an affiliate of any
broker/dealer.

PLAN OF DISTRIBUTION

The Selling Stockholders and any of their pledgees, donees, transferees,
assignees and successors-in-interest may, from time to time, sell any or all of
their shares of common stock on any stock exchange, market or trading facility
on which the shares are traded or in private transactions. These sales may be at
fixed or negotiated prices. The Selling Stockholders may use any one or more of
the following methods when selling shares:

*  ordinary brokerage transactions and transactions in which the broker-dealer
   solicits purchasers;
*  block trades in which the broker-dealer will attempt to sell the shares as
   agent but may position and resell a portion of the block as principal to
   facilitate the transaction;
*  purchases by a broker-dealer as principal and resale by the broker-dealer
   for its account;
*  an exchange distribution in accordance with the rules of the applicable
   exchange;
*  privately negotiated transactions; to cover short sales made after the date
   that the registration statement of which this prospectus is a part is
   declared effective by the SEC;
*  broker-dealers may agree with the Selling Stockholders to sell a specified
   number of such shares at a stipulated price per share;
*  a combination of any such methods of sale; and any other method permitted
   pursuant to applicable law.

The Selling Stockholders may also sell shares under Rule 144 under the
Securities Act, if available, rather than under this prospectus.

Broker-dealers engaged by the Selling Stockholders may arrange for other brokers
dealers to participate in sales. Broker-dealers may receive commissions or
discounts from the Selling Stockholders (or, if any broker-dealer acts as agent
for the purchaser of shares, from the purchaser) in amounts to be
negotiated. The Selling Stockholders do not expect these commissions and
discounts to exceed what is customary in the types of transactions involved.

                                       18

The Selling Stockholders may from time to time pledge or grant a
security interest in some or all of the shares owned by them and, if they
default in the performance of their secured obligations, the pledgees or secured
parties may offer and sell shares of common stock from time to time under this
prospectus, or under an amendment to this prospectus under Rule 424(b)(3) or
other applicable provision of the Securities Act of 1933 amending the list of
Selling Stockholders to include the pledgee, transferee or other successors in
interest as Selling Stockholders under this prospectus.

The Selling Stockholders also may transfer the shares of common stock in other
circumstances, in which case the transferees, pledgees or other successors in
interest will be the selling beneficial owners for purposes of this prospectus.

The Selling Stockholders and any broker-dealers or agents that are involved in
selling the shares may be deemed to be "underwriters" within the meaning of the
Securities Act in connection with such sales. In such event, any commissions
received by such broker dealers or agents and any profit on the resale of the
shares purchased by them may be deemed to be underwriting commissions or
discounts under the Securities Act.  Discounts, concessions, commissions and
similar selling expenses, if any, that can be attributed to the sale of
securities will be paid by the Selling Stockholder and/or the purchasers. At
the time a particular offer of shares is made by the Selling Stockholders, to
the extent required, a prospectus will be distributed. Each Selling Stockholder
has represented and warranted to Credex that it acquired the securities for
investment and, at the time of its purchase of such securities such Selling
Stockholder had no agreements or understandings, directly or indirectly, with
any person to register or distribute any such securities.

Selling Stockholders and any other persons participating in the sale or
distribution of the shares offered under this prospectus will be subject to
applicable provisions of the Exchange Act, and the rules and regulations under
that act, including Regulation M. These provisions may restrict activities of,
and limit the timing of purchases and sales of any of the shares by, the Selling
Stockholders or any other person. Furthermore, under
Regulation M, persons engaged in a distribution of securities are prohibited
from simultaneously engaging in market making and other activities with respect
to those securities for a specified period of time prior to the commencement of

                                       19

such distributions, subject to specified exceptions or exemptions. All of these
limitations may affect the marketability of the shares.

We may suspend the use of this prospectus on a limited basis if we learn of any
event that causes this prospectus to include an untrue statement of material
fact or omit to state a material fact required to be stated in the prospectus
or necessary to make the statements in the prospectus not misleading in light
of the circumstances then existing. If this type of event occurs, a prospectus
supplement or post-effective amendment, if required, will be distributed to each
Selling Stockholder.

Number of Holders of Common Stock

As of the date of this filing, there are 40 holders of common stock.

DESCRIPTION OF REGISTRANT'S SECURITIES TO BE REGISTERED

The Company is authorized to issue One Hundred Million (100,000,000) shares of
Common Stock (the Common Stock) of Par Value of ($0.001). As of the date of this
Offering the Company had 5,899,250 shares of Common Stock issued and outstanding
Holders of Common Stock are each entitled to cast one vote for each Share held
of record on all matters presented to shareholders. Cumulative voting is not
allowed; hence, the holders of a majority of the outstanding Common Stock can
elect all directors. Holders of Common Stock are entitled to receive such
dividends as may be declared by the Board of Directors out of funds legally
available therefore and, in the event of liquidation, to share pro-rata in any
distribution of the Company's assets after payment of liabilities. The Board of
Directors is not obligated to declare a dividend and it is not anticipated that
dividends will be paid unless and until the Company is profitable. Holders of
Common Stock do not have preemptive rights to subscribe to additional shares if
issued by the Company. There are no conversion, redemption, sinking fund or
similar provisions regarding the Common Stock. All of the outstanding Shares of
Common Stock are fully paid.

No personal liability attaches to shareholders by reason of the ownership of
such shares.

                                       20

Holders of Shares of Common Stock will have full rights to vote on all matters
brought before shareholders for their approval. We are not currently authorized
to issue preferred stock and have no intention of amending our corporate
documents to authorize preferred stock. Holders of the Common Stock will be
entitled to receive dividends, if and as declared by the Board of Directors, out
of funds legally available, and share pro-rata in any distributions to holders
of Common Stock upon liquidation.

Upon any liquidation, dissolution or winding-up of Credex, our assets, after
the payment of debts and liabilities and any liquidation preferences of, and
unpaid dividends on, any class of preferred stock then outstanding, will be
distributed pro-rata to the holders of the common stock. The holders of the
common stock have no right to require us to redeem or purchase their shares.

Preferred Stock

The Company does not have any authorized shares of Preferred Stock.

Voting Rights

Holders of the Company's Common Stock are entitled to one vote per Share for
each Common Share held of record by Company shareholders.

No Cumulative Voting

Holders of shares of our common stock do not have cumulative voting rights,
which means that the holders of more than 50% of the outstanding shares, voting
for the election of directors, can elect all of the directors to be elected, if
they so choose, and, in that event, the holders of the remaining shares will not
be able to elect any of our directors.

Transfer Agent

We have selected Globex Transfer, LLC, 780 Deltona Blvd., Suite 202, Deltona,
FL  32725 as our transfer agent.

Shares Eligible For Future Sale

The Securities currently are "restricted securities" as that term is defined in
SEC Rule 144 of the 1933 Securities Act ("Rule 144"), and may not be resold
without registration under the Securities Act. Provided certain requirements

                                       21

are met, the Shares of Common Stock purchased hereunder may be resold pursuant
to Rule 144 or may be resold pursuant to another exemption from the registration
requirement.

Generally, Rule 144 provides that a holder of restricted shares of an issuer
which maintains certain available public information, where such shares are held
6 months or more, may sell in every three months the greater of: (a) an amount
equal to one percent of the Company's outstanding shares; or (b) an amount equal
to the average weekly volume of trading in such securities during the preceding
four calendar weeks prior to the sale. Persons who are not affiliates of the
Company may sell shares beneficially owned for at least one year at the time of
the proposed sale without regard to volume restrictions. There is no existing
public or other market for the Shares. Any such market may never develop.

Take Over Provisions

There are no provisions in the Articles of Incorporation or By-Laws restricting
take over of control of the Company.

INTERESTS OF NAMED EXPERTS AND COUNSEL

The financial statements of Credex Corporation for the period from inception,
September 2, 2005, through December 31, 2010, included elsewhere in this
Prospectus have been audited by Moss, Krusick & Associates, LLC, independent
registered public accounting firm, as stated in its report appearing herein, and
are included in reliance upon the report of such firm given upon its authority
as experts in accounting and auditing.

Corporate Counsel, Richard R. Cook, has issued an opinion as to various aspects
of the common stock registered hereby.  See page 74.  Mr. Cook is a member of
Cypress Bend Executive Services, LLC, a party related to Credex.  See page 37.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND PLAN OF
OPERATIONS

BACKGROUND

The following discussion of our financial condition and results of operations
should be read in conjunction with our financial statements and the related

                                       22

notes, and other financial information contained in this prospectus.

Overview

We are a development stage company.  Although Credex has not operated pursuant
to its business plan, in 2005 Credex purchased a portfolio of defaulted credit
card debt to test the feasibility of its business plan. On a trial basis
accounts from the portfolio were collected.  The remainder of the portfolio was
then sold. These transactions are shown in the statement of operation in this
Prospectus.  Our auditors have raised substantial doubt as to our ability to
continue as a going concern.  We need a minimum of approximately $250,000 during
the next 12 months to begin implementation of our business plan.

Since our inception, we have devoted our activities to the following:

     Purchasing a debt portfolio;

     Obtaining bids from professional collectors to collect the portfolio;

     Developing contacts from whom to purchase portfolios;

     Contracting for operational support; and

     Securing enough capital to carry out these activities.

Plan of Operations

As discussed above we have not yet operated pursuant to our business plan.  We
have generated no revenue in 2010 or 2009.

Development stage operating expenditures during the period from inception on
September 2, 2005 to December 31, 2010 were $193,583 which consisted primarily
of general and administrative expenses related to legal, accounting and other
fees related to our formation and this registration statement. Our net loss was
$129,577 and $15,015 for the years ended December 31, 2010 and 2009,
respectively, and $170,133 from inception to December 31, 2010 with cumulative
income to date was $23,450 including finance
income of $15,417, consulting income of $8,000 and interest income of $33.

                                       23

Liquidity and Capital Resources

Our capital resources have been acquired through the sale of shares of our
common stock.

At December 31, 2010 and 2009, we had total assets of $2,194 and $2,185,
respectively, consisting of cash.

At September 30, 2010, we had total assets of $8,287 consisting of cash.

At December 31, 2010 and 2009, our total liabilities were $4,086 and $2,500
respectively consisting primarily of accounts payable.

At January 31, 2011, two shareholders of the Company loaned $2,000 for
additional funding to assist the Company accomplice its operating goals.  These
loans have twelve (12%) percent per annum interest rate with the loans payable
when funds are available.  The Company will probably be required to obtain
additional interim financing for the costs of audit, transfer fees, and
operating before the S-1 becomes effective.

We anticipate taking the following actions during the next 12 months, assuming
we receive the required funding:

File an S-1 to register and sell, if a public market develops, common stock to
raise up to $500,000.00.  To become effective  by April 1, 2011.  We estimate
that, if a market develops, it will take 3 to 6 months to raise these funds.

     Once we have raised at least $250,000.00 we will hire a management team
member with debt collection experience to supervise our contract collectors.  We
estimate that, if a market develops, it will take 4 months to raise these funds
and hire this person. Date is now August 1, 2011.

     Contract with debt collection firm or firms. We estimate this to take 1
month. The date is now September 1, 2011.

	Purchase portfolio(s) We estimate this to take 1 month. The date is now
October 1, 2011.

	Collection efforts begin. The date is now October 1, 2011.

   	Purchase Primary and Secondary at a price not to exceed 3% of the face
value of the portfolios that is credit card debt only.

                                       24

     Use collection agencies for all collections with a fixed cost not to
exceed 35% of what is collected.

      Create Planned Payment Arrangements (PPA) for up to six months.

      Sell the remainder of the portfolio after six months deemed uncollectible
at the time of sale.

Cash Requirements

We intend to provide funding for our activities, if any, through a combination
of the private placement of the company's equity securities and the public sales
of equity securities.

We have no agreement, commitment or understanding to secure any funding from any
source.

Off-Balance Sheet Arrangements

We do not have any off balance sheet arrangements.

Credex has never been in bankruptcy or receivership.  The
Company is a new venture.

Credex's executive office is located at 454 Treemont Drive, Orange City,
FL  32763. The telephone number is (386) 218-6823, and the fax number is
(386) 218-6823.

Credex is not operating it's business plan until such time as
capital is raised for operations. To date its operation has involved only
selling stock to meet expenses.

DISCLOSURE OF CONTRACTED OBLIGATIONS

On July 9, 2010, the Company entered into an agreement for services
with Cypress Bend Executive Services, LLC ("Cypress"), a related party, whereby
Cypress acts as consultant to:

1. Raise the necessary money for the Company to operate in the short term,
2. Prepare and file documents with the SEC to take the Company public,
3. Secure a transfer agent and market maker broker-dealer for the Company's
   stock,

                                       25

4. Secure the necessary audits for the required filing documents, and
5. Provide day-to-day operational management services to the Company.

In exchange for these services, which the Company anticipates will last for a
ten month period, the Company agreed to pay Cypress cash fees of $200,000
as well as provide Cypress with 2,958,625 shares of its stock, which
effectively transfers control of the Company to Cypress during this period.
Also, as part of the contract Steven G. Salmond, a member of Cypress Bend
was installed as Secretary, Treasurer, CFO and Director of Credex.  Because
the consulting services began August 1, 2010, amortization into Professional
Fees was $40,000 in 2010 and $0 in 2009 and 2008 resulting in net unearned
capital of $160,000 as of September 30, 2010 [unaudited].  Upon receipt of
the cash payment of $200,000, Cypress is to return the shares to the Company's
treasury.

RESTATEMENT OF INTERIM PERIOD INFORMATION

The Statement of Operations for the periods ended September 30, 2010 was
restated for correction of an error in the amount of $40,000.  This error was
for unrecorded amortization of consulting services of Cypress (refer to Note
E - Related Party) of $40,000.  The Statement for Operations' Professional Fees
was increased by $40,000 for the three months, nine months, and from inception
[September 2, 2005] ended/to September 30, 2010.  In Stockholders' Equity
section of the Balance Sheet at September 30, 2010, unearned capital balance of
$160,000 resulted from the amortization into Professional Fees.  This contract
was entered into during the three months ended September 30, 2010.  This
accounting change will result in the net loss to increase in each future
accounting period until the contract is completed when all of the $200,000 fees
will be due and payable.

ASC FASB 250-10-50-7 Disclosure

Effects on previously issued financial statements for the periods ended
September 30, 2010 are as follows:

Statement of Operations and Comprehensive Income for the Three Months Ended
September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Professional Fees             $ 6,268          $ 40,000    $ 46,268
Total Expenses                  9,319            40,000      49,319

                                       26

Total Loss from Operations     (9,319)          (40,000)    (49,319)
Net Loss                      $(9,319)          (40,000)   $(49,319)
                              =======                      ========
Basic Loss per Share          $(0.002)           (0.007)   $ (0.009)
                              =======                      ========

Statement of Operations for the Nine Months Ended September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Professional Fees             $ 8,668          $ 40,000    $ 48,668
Total Expenses                 12,248            40,000      52,248
Total Loss from Operations    (12,248)          (40,000)    (52,248)
Net Loss                     $(12,248)          (40,000)   $(52,248)
                             ========                      ========
Basic Loss per Share         $ (0.003)           (0.009)   $ (0.012)
                             ========                      ========

Statement of Operations from Inception [September 2, 2005] to September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Professional Fees            $ 33,965          $ 40,000    $ 73,965
Total Expenses                 76,254            40,000     116,254
Total Loss from Operations    (52,837)          (40,000)    (92,837)
Net Loss                     $(52,804)          (40,000)   $(92,804)
                             ========                      ========

Statement of Cash Flows for Nine Months Ended September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Cash Flows from Operating
  Activities:
Net income                      $(12,248)      $(40,000)   $(52,248)
Add non-cash expenses to
  Net Loss:

   Increase Professional Fees
    from consulting agreement          0         40,000      40,000
Net Cash Used by Operating
  Activities                    $(12,248)      $      0    $(12,248)
                                ========       ========    ========

                                       27



Statement of Cash Flows from Inception [September 2, 2005] to September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Cash Flows from Operating
  Activities:
Net income                      $(52,804)      $(40,000)   $(92,804)
Add non-cash expenses to
  Net Loss:
   Increase Professional Fees
    from consulting agreement          0         40,000      40,000
Net Cash Used by Operating
  Activities                    $(50,304)      $      0    $(50,304)
                                ========       ========    ========


PROPOSED BUSINESS

The Company intends to purchase portfolios with all rights, title and interest
of non-performing accounts receivable (credit card debt) at deeply discounted
rates, (approximately 3% or less of face values), outsource the collection
process, develop a portfolio of restructured debt and sell the residual
portfolio.

Non-performing portfolios accumulate in the normal course of operations, when a
credit grantor from time to time charges-off from its books, accounts which are
delinquent. Because the outstanding balance remains the obligation of the
defaulting customer, a group of charged-off accounts (a portfolio) contains a
value which can be obtained through various collection techniques. This value or
yield is dependent upon several variables such as creditor standards,
geographical stratification of the portfolio, age of the charge-offs, stages of
internal and external collection efforts, elapsed time since collection was last
worked, elapsed time since last activity, past recovery obtained from collection
efforts and whether the debt is within the statute of limitations. These
portfolios may be acquired at significant discounts of their face value,
ranging from $0.01 to $0.57 on the dollar, with an expected return of 10% to
12% of the face value of the portfolios. The Company intends to purchase
portfolios of Primary, Secondary and Tertiary distressed credit card debt from
distressed debt wholesalers and re-sellers because they offer smaller portfolios
for sale and re-purchase. These portfolios usually sell for $0.01 to $0.03 per
dollar of face value. The prices stated are for 2009. On average, approximately
$800,000 of face value defaulted credit card debt can be purchased with
$12,000.

                                       28

Number of Employees

The Company intends to operate for the foreseeable future without employees.
Credex has entered into a management contract with Cypress Bend Executive
Services, LLC ("Cypress").  This contract provides that Cypress will provide
operational support to Credex and to take Credex Public through Form 10 and S-1
filings with the Securities and Exchange Commission.  Cypress will return the
shares it holds to Treasury Stock upon completion of its contract obligations
and receiving payment in full for its services.

On July 9, 2010, the Company entered into an agreement for services
with Cypress Bend Executive Services, LLC ("Cypress"), a related party, whereby
Cypress acts as consultant to:

1. Raise the necessary money for the Company to operate in the
   short term,
2. Prepare and file documents with the SEC to take the Company
   public,
3. Secure a transfer agent and market maker broker-dealer for
   the Company's stock,
4. Secure the necessary audits for the required filing
   documents, and
5. Provide day-to-day operational management of the Company.

In exchange for these services, which the Company anticipates will last for a
ten month period, the Company agreed to pay Cypress cash fees of $200,000
as well as provide Cypress with 2,958,625 shares of its stock, which
effectively transfers control of the Company to Cypress during this period.
Also, as part of the contract Steven G. Salmond, a member of Cypress Bend
was installed as Secretary, Treasurer, CFO and Director of Credex.  Because
the consulting services began August 1, 2010, amortization into Professional
Fees was $40,000 in 2010 and $0 in 2009 and 2008 resulting in net unearned
capital of $160,000 as of September 30, 2010 [unaudited].  Upon receipt of
the cash payment of $200,000, Cypress is to return the shares to the Company's
treasury.

                                       29

PRODUCTS AND SERVICES

The Company's products are the credit card portfolios it purchases. The higher
the quality of the product, generally determined by age and consumer
demographics, the greater the cost and resulting recovery rate. The age of the
product, which typically is six months to two years old, will also determine the
value of the portfolio at the end sale, or how much the remaining portfolio will
recover in terms of price.

A given group of credit card delinquencies occurring in one month contain many
facets of delinquency causes. Generally, these causes for default will fall
within three categories; 1) non-financial impact (as in a dispute perceived to
be legitimate, or arguments over liability amid dissolving marriages); 2)
one-time financial impact (temporary lay-off, major home or auto repair, a
death in the family); and 3) permanent financial reversal (disability,
retirement, benefits loss or reduction). Because a debtor's financial position
changes over a period of time, usually for the better, a certain portion of a
portfolio will be deemed collectable, at least partially.

This aging process is a well known an exploited fact in the collection industry.
Lending institutions have identified three distinct periods of time over which
collection efforts are initiated. These three periods are commonly referred to
as Primary (first collection effort lasting 3 to 12 months), Secondary (second
collection effort lasting from 12 to 24 months), Tertiary (third collection
effort, also lasting from 24 to 36 months or longer) and Quads (forth
collection effort lasting from approximately 36 months to when the accounts
become "out of statute". The stage or age, of a portfolio is an important
component in determining its value. The Company intends to buy portfolios
that are "One Agency or Two Agency Accounts," which means that the accounts
have previously been sent to one or two another collection agencies for
collection and then retrieved.

Credex will buy the debts it will collect through debt collection agencies.
Once the original creditor sells the debt the only way for them to "retrieve"
it is to buy it back.  The terms "One or Two Agency Accounts" is language
commonly used in the industry to indicate that the accounts have been purchased
by one buyer, "One Agency," or second buyer "Two Agency."  One Agency is the
same as the primary and Two Agency is the same as secondary and Three Agency

                                       30

is the same as tertiary accounts.  Original creditors can retain ownership and
have more than one agency try and collect the accounts.  The Original creditor
can sell the debt at any time in the collection process.  It can sell the debt
as One Agency, Two Agency and etc. depending on prior collection efforts.

All purchase agreements entered into, will allow for replacement or
reimbursement of accounts deemed uncollectible, as in the case of bankruptcies
death of the debtor or fraud, but only if the act occurred less than 30 days
after the purchase closing date. Payments made directly to the seller are
forwarded to the Company on a timely basis if payments overlap.

PRODUCT SERVICING/OUTSOURCING DESCRIPTION

The Company intends to out-source all collection activities to established
collection agencies that have expertise in collecting non-performing credit
card debt. We can rely on the collecting performance history of the
collectors with whom we contract.  We can also rely on information available
from Kaulkin and Ginsberg and Inside ARM.

Management personnel of potential collection agencies will be personally
interviewed by Credex.  The agency's collection performance and business
references will be obtained prior to signing any agreement with the agency.
Credex intends to sign agreements that contain a provision that allows
cancellation at any time with 30 days notice to the non-canceling party.
For your information we have attached a copy of an agreement we propose to
use.

Kaulkin and Ginsberg is one of the leading and most reliable sources of data
and information in the debt collection business.

About Kaulkin and Ginsberg:
Experience
*    Completed more industry Merger & Acquisition transactions than anyone else
    - over 125 for a total value of over $3 billion
*    Delivered hundreds of industry valuations
    - dozens of valuation assignments each year
*    Keynoted all of the major industry conferences
*    Chaired three conferences, including the industry's largest, plus two
     M&A conferences

                                       31

Access
*    Established relationships with the industry's senior decision makers
     since 1991
*    Our advisory board consists of the most senior persons in their industry
     segments
Information
*    We conduct comprehensive original research on the industry
*    Publisher of seven editions of The Kaulkin Report since
     1994
     - a seminal research study that has been cited in the
     public filings of leading corporations, in The Wall Street
     Journal, and in many documents supporting private
     transactions in the industry
*    Our research also includes The Global Debt Buying Report,
     Healthcare ARM Report, and countless custom research
     projects
*    Acquisition criteria for financial, strategic, and industry
     buyers seeking entry or expansion within the industry

About Inside ARM publication:

Kaulkin Media is the most credible publisher of specialized news and
information for the accounts receivable management (or "debt collection")
industry.  With over 60,000 subscribers including collection agencies and
law firms, debt buyers, creditors, suppliers of technology and services to
these groups, regulators, industry investors, and many other interested
parties.

Once the portfolio has been acquired, the collection work effort begins
The Company will supervise the collection contractor to see the following steps
are taken.

An initial written notice is sent to each debtor informing them of the change
in ownership of the debt owed and that the Company is entitled to the full
amount of principal and accrued interest due and that payment(s) are to be sent
to the collection agency as directed by the Company.

                                       32

Initial Review. The object of this review is to isolate that part of the
portfolio that could most likely produce the highest earned revenue initially or
possessing the greatest means with which to provide initial revenue. Much can
be determined about a debtor and his ability to pay larger sums, when
considering the area in which he resides, whether he holds real estate, current
job status, the amount of unsecured debt he owes, and the status of same. These
are among the several criteria used to decide which accounts should be
prioritized initially. By this review, the collection agencies would be
concentrating heavily on the accounts most likely to pay in a short time-frame.

It is important to note that the review process usually takes place prior to the
actual purchase of the portfolio when a spreadsheet of the portfolio can be
examined for many of the criteria described above. Following the review of all
of the accounts in the portfolio, the Company can either reject the
portfolio of purchase it.

Collection Efforts. The collection process is responsible for the majority of
the recovery in the shortest period of time. This can best be described as an
intense and concentrated focus by the collectors on all accounts as prioritized
in the previous step. The higher the priority the greater the efforts. In this
phase, approximately 8% to 10% of the original portfolio face amount is deemed
recoverable in the first six months. Skip tracing (locating some of the debtors)
accounts may be utilized by the collector. Offers of settlements may be made to
the debtors of up to fifty percent of the debt to entice payment.

Restructuring. When the collection efforts are exhausted on accounts, usually 4
to 6 months after purchase, a new effort is initiated to restructure the
existing debt. Debtors are encouraged to restructure the outstanding debt at
lower monthly payments than previously expected to pay; by forgiving accrued
interest to date.

Correspondence. Regular collection notices and demand notices are mailed,
generating a fluctuating degree of response and remittance. An initial notice
is sent to the entire portfolio base, which notifies the debtors of the change
of debt holder, and further warns of the possibility of other collection
remedies for continued non-payment. From there, notices are collector generated
befitting the individual circumstances.

                                       33

Portfolio Sale. Approximately 70% of the original portfolio will be sold, which
includes all of the accounts that are determined to be uncollectible at that
time.  In order to improve cash flows, the Company intends to sell these
accounts every 120 to 160 days from the date of the portfolio purchase. The
company has developed several outlets to sell this residual product, which
represents 1% to 2% of remaining face amount.

MISSION

The Company intends to purchase non-performing credit card debt portfolios from
debt resellers and brokers. The Company intends to produce earned revenue equal
to a return of 9% to 12% of the face of the portfolio within 6 months. The
Company intends to sell the uncollected portion of the portfolio for 1% to 2%
of the remaining face amount after 120 days from the purchase date.

KEYS TO SUCCESS

1. Purchase portfolios at or near 1.5% to 3% of face value.
2. Collect 9% to 12% of the face value.
3. Sell uncollected portion of the portfolio for 1% to 2% of the
   remaining face value (Included in # 2 above).
4. Keep cost of outsourced collections to 35% or less of
   collections.

MILESTONES

     File an S-1 to register and sell, if a public market develops, common
stock to raise up to $500,000.00.  To become effective by April 1, 2011.  We
estimate that, if a market develops, it will take 3 to 6 months to raise these
funds.

     Once we have raised at least $250,000.00 we will hire a management team
member with debt collection experience to supervise our contract collectors.
We estimate that, if a market develops, it will take 4 months to raise these
funds and hire this person. Date is now August 1, 2011.

     Contract with debt collection firm or firms. The contracts with the
collections agencies used to collect the debt will contain a provision that the
agency will receive a percentage of the amounts collected on each account.
This fee will be a matter of negotiations. Credex will not agree to pay the
agency more than 35% of the amount collected on each account. We estimate this
to take 1 month. The date is now September 1, 2011.

                                       34

	Purchase portfolio(s) We estimate this to take 1 month. The date is
now October 1, 2011.

	Collection efforts begin. The date is now October 1, 2011.

   	Purchase Primary and Secondary at a price not to exceed 3% of the face
value of the portfolios that is credit card debt only.

     Use collection agencies for all collections with a fixed cost not to
exceed 35% of what is collected.

      Create Planned Payment Arrangements (PPA) for up to six months.

      Sell the remainder of the portfolio, deemed uncollectible, after six
months.

INDUSTRY ANALYSIS

Charge-off credit card debt volume has grown from $3 billion in 1991 to
$22 billion in 1999. From 1999 to 2002 it grew to $60 billion and as of
June, 2003 it reached $73 billion. The total credit card debt outstanding as of
March, 2009 was $939.6 billion dollars according to Federal Reserve data, of
which approximately 10% or approximately $94 billion was delinquent.
181 Million Americans hold an average of 5.4 credit cards with an average debt
of $1,157per card or $6,247 per person. The average household debt was $10,697
as of December, 2008. The above statistics were taken from Nilson Reports, dated
March and April, 2009, the census bureau and Experian, dated March, 2009.

INDUSTRY PARTICIPANTS

There are approximately 3,000 active buyers (including collection law firms) of
non-performing credit card debt. They range from companies that buy very large
blocks of charge-offs at different age levels to small companies that buy in
face amounts of $300,000 to $10 million portfolios. Small collection law firms
buy as few as forty accounts at a time. They typically buy them for debtors in
the Counties in which they normally practice and simply file a law suite against
the debtors immediately (usually small claims court up to $5,000). They use the
intimidation of the law suit to force collection in part or in full. The cost
of filing fees and service of process can easily add up to $100 to the cost of
the individual account.

                                       35

The major publicly traded debt buyers and collectors are all listed on Nasdaq
and include Asta Funding (ASFI), Asset Acceptance Capital Corp. (AACC), Encore
Capital Group (ECPG), First City Financial (FCFC) and Portfolio Recovery
Associates (PRAA). These companies use a combination of inside collectors,
outside collection agencies and attorneys in their collection process.

The buyers of larger portfolios now include more brokers, wholesalers and debt
resellers that do not participate in the collection process. These companies
will segment the portfolios by states or regions, age, number of accounts and
account size so the accounts in the purchased portfolio can be sold to smaller
buyers, which now make up a large percentage of buying market. Many of these
portfolios can be seen and acquired over the internet.

COMPETITIVE COMPARISON

Competition occurs only in respect to purchasing the portfolios. The Company
will be able to be competitive in part because of the expertise of its proposed
collection agency vendors who will also review our proposed portfolio purchases
prior to our purchasing small portfolios. We can not compete in the purchase of
large portfolios because of our lack of large amounts of capital. Small
portfolios of debt are readily available from brokers and wholesalers at
competitive prices.

COMPETITION AND BUYING PATTERNS

The purchase of the large portfolios is usually by sealed bid. Some major buyers
do have certain credit card issuers tied up with forward purchase agreements.
However, now smaller portfolios are bought through negotiation with the seller,
rather than a sealed bid. All portfolios accounts can be reviewed by the buyer
prior to purchase. All portfolios are reviewed and scored for yield probability
before bidding. All of the accounts that a buyer has agreed to purchase are
scrubbed in order to eliminate accounts that are in bankruptcy or the creditor
is deceased.

                                       36

MAIN COMPETITORS

There are over 3,000 debt buyers of varying size and capital capabilities that
buy credit card debt of small to medium portfolios. Because the Company intends
to negotiate with several debt sellers, the Company may not know who it is
competing against. On the other hand, the large debt buyers are not competitors
of the Company, because the Company does not intend to buy large portfolios.
However, some of the large buyers that segment the portfolios that they purchase
for resale could be future providers of portfolios to the Company.

MARKET ANALYSIS

The concept of buying and selling bad debts is not new, but technology and
better management methods have changed the practice, making it more attractive
for the investor. This analysis will examine the fundamentals of this business
and some of the key issues that determine success or failure.

The availability of non-performing credit card debt can be characterized as
unending. So long as the American economy is credit based, there will always
be delinquency to varying degrees. If delinquency rates of credit card issuers
were to decline (implying less product for sale), market forces would move to
increase their share by lowering standards thereby once again increasing
delinquency rates. This cycle of tightening and loosening standards would
inversely affect the price paid for product.

Businesses that generate consumer debt have always been faced with the problem
of delinquent accounts or charge-offs and write-offs and for years assigned
these accounts to collection agencies. These agencies collect a fee of
approximately 33% to 35% of the amount they collect. For the owner of the
"paper" though, this system has drawbacks. Although the costs are fixed, it may
take months or years to recover a portion of the debt.

The result has been that companies increasingly prefer to sell their debts
rather than assign it, and that has created opportunity for those skilled at
collection methods. In a typical purchase of bad debts, a block of accounts are
acquired at a very steep discount. The price might range from 1 cent to 10
cents on the dollar, for instance. The new owner then collects as much as he
can, keeping all of the proceeds.

                                       37

Since these accounts have usually been worked by someone else, it is vital that
the purchaser have a professional approach to the classification and management
of the accounts in order to maximize return. For instance, computers are now
used extensively to analyze the collect ability of accounts. The seller provides
to the buyer a database of accounts on tape, disk or email, which is then fed
into the buyer's computer. This, in turn, reads the files, producing a
statistical profile which management can evaluate, based on their experience and
knowledge of the industry.

The end result is that a value is assigned to the portfolio, representing the
likely ultimate collection possible. This enables the buyer to fix a price on
the accounts that will yield the desired profit. If the seller agrees, ownership
changes hands and the buyer begins to work the accounts.

The following table, published by "Inside ARM" on March 24, 2009, by Kaulkin
and Ginsberg, shows the rate decline ranges in portfolio pricing from 2008 to
2009 and the 2009 price predictions. The price ranges are based on confirmed
transactions as well as anecdotal discussions with debt buyers and credit
issuers.

                     Price Range    Price Range     Price      2009 Price
                      Jan. 2008      Jan. 2009     Decline    Predictions

Fresh                 $.09 -  $.12   $.055 - $.075   33% - 40%   $.04  -$.06
Primary (Firsts)      $.08 -  $.08   $.035 - $.05    20% - 40%   $.025 -$.04
Secondary (Seconds)   $.03 -  $.05   $.02 -  $.03    20% - 33%   $.015 -$.025
Tertiary (Thirds)     $.0125- $.03   $.01 -  $.02    20% - 33%   $.0075-$.015
Quads                 $.005 - $.0125 $.004 - $.01    20% - 33%   $.003-$.0075

In addition to the purely statistical exercise of establishing value, a buyer
must also consider a number of subjective factors before acquiring a portfolio.

* Age of debt. Generally, the older the debt, the more difficult it may be to
  find the debtor.
* Source of debt. The underwriting standard of the original issuer has a
  bearing on the ability to collect effectively.
* Proof of debt. The original documentation may be lost, but some form of proof
  is preferable, but not always available.

                                       38

* Location of debtor. Debtors who reside in areas where a high concentration of
  homeowners are found are more desirable than those living in areas with high
  turnover.
* History of work on the account. Accounts that have been extensively worked
  are less likely to be profitable to a buyer.

A number of legal considerations attend the purchase of bad debts. These
include assurance of available documentation, representations that balances are
correct, identification of the debtors and the ability to return accounts to the
seller where debtors are found to be bankrupt, deceased or the account has been
satisfied by the debtor. The time period in which such accounts can be returned
is negotiable, usually 30 days after purchase.

The determination of which accounts to keep and which to sell, and at what
stage of development to sell, now becomes critical to the profitability of the
venture.  Once a portfolio of accounts has been acquired, the accounts are
classified: those which will require a disproportionate amount of collection
effort are typically resold to collection agencies, attorneys and others at
below cost. Those which will return the greatest net proceeds are retained.

The next task is to work the accounts. Generally, this means contacting the
debtor by mail and by phone. Most of the accounts purchased will have been sold
because normal mail and phone contact has failed. This would be due to the
debtors having "skipped," because of incomplete data, or the fact that the
account has somehow deteriorated to the point that legal action or resale of
the account may be necessary.

Once the debtor has been contacted, the collection representative makes
arrangement for repayment of the debt. In many cases the reasons why the account
went into default have now been resolved. These include loss of job, divorce,
illness with extensive medical bills and over extension of credit. The task of
the collector is to use an approach that will be effective with the debtor, such
as:

* recognition of settlements and debt refinancing that may aid the debtor by
  restoring credit.
* focusing on a relationship approach rather than strong arm tactics.

                                       39

* capitalizing on the debtors improved circumstances that may allow the debtor
  to apply for a credit to resolve prior debts.

MANAGEMENT

Identification of Directors:
                            Position Held
Name                 Age     with Company          Elected
________________________________________________________________
Janine Weller         49      Director          May 28, 2010
Denise Leonardo       48      Director          October 24, 2007
Julie Ann Goodwin     49      Director          May 28, 2010
Steven G. Salmond     61      Director          August 21, 2010

Directors are elected by the shareholders at each annual meeting.
Identification of Officers:

                            Position Held
Name                 Age     with Company          Elected
________________________________________________________________

Denise Leonardo       48       President, CEO     May 28, 2010*
Steven G. Salmond     61       Secretary and
                               Treasurer, CFO    August 21, 2010

* Ms. Leonardo served as Treasurer, Chief Financial Officer and Director of the
Company from her appointment on October 24, 2007 until May 28, 2010 when she
was elected President. Her responsibilities included oversight over internal
controls, financial reporting and compliance with state and federal laws.

Officers of the Company serve at the will of the Board of Directors.  Presently
the Company has no employment contract with any of its officers.

Brief biographies of the officers and directors of the Company are set forth
below.  Each director holds office until the next annual meeting or until his
death, resignation, retirement, removal, disqualification or until a successor
has been elected and qualified.  Vacancies in the existing board are filled by
a majority of the remaining directors.

None of the officers or directors hold directorships in any other Company.

Of the officers and directors only Mr. Salmond has any experience in management
of a public company.

                                       40

Denise Leonardo, President - Ms. Leonardo served as Treasurer, Chief Financial
Officer and Director of the Company from her appointment on October 24, 2007
until May 28, 2010 when she was elected President. Her responsibilities included
oversight over internal controls, financial reporting and compliance with state
and federal laws.

Ms. Leonardo received the designation of CSOX (Certificate in Sarbanes-Oxley) in
December, 2006 from the SOX Institute of the Sarbanes-Oxley Group, Clifton, New
Jersey.

Ms. Leonardo has been the president of DL Consultants, Inc., Palm Beach, FL
from 2005 thru the present. She oversees all aspects of the business. The
Company provides direction to clients regarding the requirements of the

Sarbanes-Oxley Act of 2002 and aids clients in the way they communicate their
financial information by cultivating, edgarizing and filing SEC Form filings
and Private Placement Memorandum documents.

From 2003 thru 2005, Ms. Leonardo was employed with American Capital Holdings,
Inc. and IS Direct Agency, Palm Beach, FL. She assisted in the creation of ten
(10) public development stage companies and developed a human resource
department and financial department procedures. She implemented
Sarbanes-Oxley compliance and was responsible for compiling and formatting
financial data into SEC Form structure, edgarize and filing SEC documents.

She also created the insurance department at IS Direct Agency as a licensed
entity/producer and agent/producer in 39 and 48 states respectively. She was
also responsible for maintaining investor communications and relations.

From 1991 thru 2004, Ms. Leonardo owned and operated Leonardo Yacht Maintenance,
Palm Beach, FL. She developed a team to provide service for detailing and
maintenance of vessels throughout Palm Beach County, FL.

Ms. Leonardo was director of sales and service at Venus Interiors, Flagler
Beach, FL and sales rep at Sunflooring, Inc., Tampa, FL from 1981 thru 1991.
She was responsible for sales and service to the retail and wholesale markets.

Ms. Leonardo in 2006 was Sarbanes-Oxley Certified and attained from the State
of Florida, a Life, Health & Annuity Insurance License in 2005.

                                       41

Ms. Leonardo attended Palm Beach Community College in 2005 for Financial
Accounting. From 2000 thru 2001, she attained an AS Degree in Computer
Programming and DB Design while being listed on the Dean's and president's List.

Julie Goodwin, Director - Since 1999 to present, Mrs. Goodwin studies stock
market and economic trends using technical chart analysis methods while
successfully trading in self-directed accounts.

She was employed in opening investment accounts with Charlestown Savings Bank,
Boston 1980.  She married and relocated to Nova Scotia, Canada 1981.
Mrs. Goodwin co-owned and managed a lobster and boat building businesses from
1981 to 2000.  Through home-schooling, she educated her four children utilizing
Montessori Methodology from 1985-2005.

Mrs. Goodwin graduated with honors from Malden High School, class of 1978, then,
majored in French and Education at University of Massachusetts, Amherst
1978-1980. Mrs. Goodwin Attended Centre International d'Etudes Francais in
Angers, France, Spring 1980.

Janine Weller, Director - Ms. Weller has been National Graphic Design Director
for Sonoco CorrFlex, from 2007 to present, operating from the Glen Rock, NJ
sales & design office. She is responsible for creative leadership and
development of graphic designers and 3D rendering specialists, focused on
creating innovative, best in class, award-winning solutions for customers in a
variety of industries.

Through successful development and implementation of best practices, she has
unified designers of different disciplines, training and geographic locations
across the US to work as a team, leveraging design resources to meet customer
expectations.

Ms. Weller joined Sonoco CorrFlex, the point-of-purchase merchandising display
division of Sonoco, a global manufacturer of industrial and consumer products
and provider of packaging services in 2003, as senior graphic designer.

Starting in 2000, Ms. Weller served as graphic designer at ADC. Purchased by
Alliance/Rock-Tenn in 2001, she was retained as senior graphic designer through
March 2003.  Prior to 2000, Ms. Weller has continuously held a variety of
positions in the graphic design and advertising fields including in-house,
agency, studio and consulting.

                                       42

Ms. Weller is a 1983 graduate of Pratt Institute with a B.F.A. degree with
honors in art direction.

Steven G. Salmond - Mr. Salmond has consulted small businesses on accounting
and related systems including setup of accounting system, transfer of accounting
records to new systems, and training of staff in the new systems.  He has also
in the private sector of accounting performed accounts receivable, accounts
payable, payroll, general journal adjustments and prepared financial statements
for both publicly and privately held companies.  Mr. Salmond has been Chief
Financial Officer ("CFO") or consultant in several public companies reporting
under the 1934 Securities Act. Mr. Salmond was the CFO in Lincoln Floorplanning
Company, Inc. and consulted the CFO of United Park City Mines for its 1934
filings. Lincoln was a small company with no continuous operations. United Park
was a New York Stock Exchange company with real estate development operation
until it was taken private.  He has managed personnel in accounting departments
as well as work under the management of accounting to perform the work to be
completed. Mr. Salmond has experience in oil and gas, timber harvesting, mining,
real estate development, water purification equipment manufacture and service,
computer software training, marketing, and health spas. Mr. Salmond was an
audit partner in a small accounting practice.  He audited oil and gas,
mining, health spas, printing, fast food and startup companies.
Most of the audits were for publicly traded companies with some filing with the
U.S. Securities and Exchange Commission.  He graduated with a B.S. Degree in
Accounting in 1975 from Weber State University located in Ogden, Utah.


                           [Intentionally Left Blank]


                                       43


EXECUTIVE COMPENSATION

Description          Name (1)  Name (2)  Name (3)  Name (4)  Name (5)  Name (6)
Name and Principal   Janine    Denise    Julie Ann Steven G. James H.  Richard
Position (a)         Weller    Leonardo  Goodwin   Salmond   Bashaw R. Cook

Year (b)                2009      2009      2009      2009      2009      2009
Salary ($) (c)         $   0     $   0     $   0    $    0    $6,200     $   0
Bonus ($) (d)              0         0         0         0         0         0
Stock Awards ($) (e)       0         0         0         0         0         0
Option Awards ($) (f)      0         0         0         0         0         0
Non-equity Incentive
Plan Compensation ($)
(g)                        0         0         0         0         0         0
Change in pension
value and Non-
Qualified deferred
compensation earnings
($) (h)                    0         0         0         0         0         0
All other
compensation ($) (i)       0         0         0         0         0         0
Total ($) (j)          $   0     $   0     $   0    $    0    $6,200     $   0

Year (b)                2010      2010      2010      2010      2010      2010
Salary ($) (c)         $   0     $   0     $   0    $    0     $2400     $   0
Bonus ($) (d)              0         0         0         0         0         0
Stock Awards ($) (e)       0         0         0         0         0         0
Option Awards ($) (f)      0         0         0         0         0         0
Non-equity Incentive
Plan Compensation ($)
(g)                        0         0         0         0         0         0
Change in pension
value and Non-
Qualified deferred
compensation earnings
($) (h)                    0         0         0         0         0         0
All other
compensation ($) (i)       0         0         0         0         0         0
Total ($) (j)          $   0     $   0     $   0    $    0    $2,400     $   0

(1)  Director from May 28, 2010
(2)  President and Director (CEO) from May 28, 2010 and past
     Secretary/Treasurer (CFO) from 2005 to May 28, 2010
(3)  Director from May 28, 2010
(4)  Secretary/Treasurer (CFO) and Director from August 21, 2010
(5)  Past President and Director (CEO), died on May 15, 2010.  President and
     Director from 2005 to May 15, 2010 (Death Date)
(6)  Past Secretary/Treasurer (CFO) from May 28, 2010 to August 21, 2010;
     Director from 2005 to August 21, 2010

There was no compensation paid to Officers or Directors in 2008
   (c) The named officer received payments in cash only

                                       44

Future salaries of the officers and directors will be set by the Board of
Directors depending upon the financial condition of the company, and may
include bonuses, health insurance and other compensation as the Board of
Directors may award. Out-of-pocket expenses are defined as the monies expended
on behalf of the company while engaged in Company Business such as travel
expenses and items purchased for use by the Company.


                        SECURITY OWNERSHIP OF MANAGEMENT
______________________________________________________________________________
Title of Class   Name and Address         Amount and Nature of    Percent
                 of Beneficial Owner      of Beneficial Owner
______________________________________________________________________________

Common stock     Steven G. Salmond (1)      2,958,625            52.29%
                 454 Treemont Drive
                 Orange City, FL  32763

Common stock     Denise Leonardo              300,000             5.30%
                 9266 Keating Drive
                 Palm Beach Gardens, FL 33410

Common stock     Julie Ann Goodwin            253,100             4.47%
                 232 Trickey Pond Rd.
                 Naples, ME 04055

Common stock     Janine Weller                350,000             6.19%
                 415 Macopin Road
                 West Milford, NJ 07480

Common stock     Officers and Directors
                 as a group                 3,861,725            68.25%

(1) See "Certain Relationships and Related Party Transactions"

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

No officer or director is related to or has any relationship with any other
officer or director.

Credex has entered into a management contract with Cypress.  This contract
provides that Cypress will provide operational support to Credex and to take
Credex Public through Form 10 and S-1 filings with the Securities and Exchange
Commission.  Cypress will return the shares it owns to Treasury Stock upon
completion of its contract obligations and receiving payment in full for its
services.  Cypress is a Nevada, LLC formed on July 7, 2010 with three members.

                                       45

As part of the agreement Steven G. Salmond, a member of Cypress Bend, was
installed as Secretary, treasurer, CFO and Director of Credex. Cypress has a
business plan to provide services similar to those provided to Credex.  Credex
is Cypress's first client.

The contract with Cypress Bend Executive Services, LLC was negotiated between
Credex's CEO, Denise Leonardo and Timothy L. Kuker of Cypress.  The Contract
was approved by Credex's Board.  None of the voting members have any
relationship with Cypress.  Mr. Cook abstained from voting on the matter of
the agreement.  Credex believes the negotiation was arms length and the terms
of the agreement are at least as favorable to Credex as could have been obtained
with an unrelated party.

The Company has entered into subscription agreements to sell its stock as shown
in Item 10 and exhibit 10.2.

LEGAL PROCEEDINGS

Credex is not involved in any litigation or any material legal proceeding. No
Officer or Director is involved in any litigation or any material legal
proceeding.

OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION

Credex is bearing the costs of issuance and distribution of the shares being
sold in this prospectus.  Credex estimates the costs for the transfer agent to
range between $2,000 and $3,000.

INDEMNIFICATION OF DIRECTORS AND OFFICERS

There is no statute, charter provision, by-law, contract or other arrangement
under which any controlling person, director or officer of the registrant is
insured or indemnified in any manner against liability which he may incur in his
capacity as such, other than Florida Statute 607.0850.  This statue allows the
Company to Indemnify Officers and Directors in the case of good faith errors.

SECURITIES AND EXCHANGE COMMISSION INDEMNIFICATION DISCLOSURE

Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to directors, officers or persons controlling the
registrant pursuant to the foregoing provisions, the registrant has been
informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act and is
therefore unenforceable.

                                       46

RECENT SALES OF UNREGISTERED SECURITIES

The authorized equity of Credex Corporation consists of 100 million Shares,
$.001 par value per share, of which 5,899,250 shares are issued and outstanding
to officers, directors and private individuals for cash and services rendered
from inception (September 2, 2005) through November 19, 2010.

The sale of all of this unregistered stock was not pursuant to any public
offering.  The stock was not advertised in any media. No solicitation in any
form was made to the general public.

Credex Corporation
Sale of Investment

Title of               Shares    Share    Amount
Stock       Date       Issued    Price     Paid   Subscribed  Services
Common    09/09/2005     10,000   $0.100   $1,000
Common    10/24/2007  2,240,000   $0.010  $16,131
Common    10/24/2007    250,000   $0.010   $1,800
Common    04/04/2008     50,000*  $0.020   $1,000
Common    07/07/2008     25,000*  $0.020     $500
Common    07/28/2008     25,000*  $0.020     $500
Common    08/16/2008     15,000*  $0.020     $300
Common    09/06/2008     50,000*  $0.020   $1,000
Common    09/21/2008     10,000*  $0.020     $200
Common    10/01/2008     10,000*  $0.020     $200
Common    10/17/2008     15,000*  $0.020     $300
Common    12/31/2008    150,000*  $0.020   $3,000
Common    06/22/2009     10,000   $0.020     $200
Common    06/22/2009     10,000   $0.020     $200
Common    06/29/2009     50,000   $0.020   $1,000
Common    06/29/2009     50,000   $0.020   $1,000
Common    06/29/2009    100,000   $0.020   $2,000
Common    06/29/2009     50,000   $0.020   $1,000
Common    06/29/2009     50,000   $0.020   $1,000
Common    06/29/2009    100,000   $0.020   $2,000
Common    07/22/2009     10,000   $0.020     $200
Common    08/04/2009    100,000   $0.020   $2,000
Common    09/19/2009     10,000   $0.020     $200
Common    10/07/2009     10,000   $0.020     $200
Common    10/07/2009     50,000   $0.020   $1,000
Common    10/07/2009     50,000   $0.020   $1,000
Common    11/19/2009     45,500   $0.020     $910
Common    12/15/2009     20,000   $0.020     $400
Common    02/22/2010     30,000   $0.020     $600
Common    03/16/2010     12,500   $0.020     $250
Common    04/14/2010    100,000   $0.020   $2,000
Common    04/30/2010    125,000   $0.020   $2,500
Common    07/12/2010  1,500,000   $0.113       $0       $0   $200,000**
Common    08/30/2010     12,500   $0.040     $500
Common    08/30/2010     25,000   $0.040   $1,000
Common    08/23/2010    125,000   $0.040   $5,000
Common    09/03/2010     25,000   $0.040   $1,000

                                       47

Common    09/03/2010     62,500   $0.040   $2,500
Common    09/03/2010     25,000   $0.040   $1,000
Common    09/03/2010     25,000   $0.040   $1,000
Common    09/03/2010     25,000   $0.040   $1,000
Common    10/05/2010     56,250   $0.040   $2,250
Common    10/05/2010     10,000   $0.040     $400
Common    11/04/2010    150,000   $0.040   $6,000
Common    11/06/2010     25,000   $0.040   $1,000
                      5,889,250           $68,241      $0   $200,000*


* Shares sold under Reg D. The remaining shares were sold under the Private
Placement Memorandum.

**Stock issued as part of a service agreement for future services with Cypress
   Bend Executive Services, LLC.  Refer to "Disclosure of Contracted
   Obligations."

Such shares were issued pursuant to the exemption from registration contained
in Section 4(2) of the Securities.




                     [Intentionally Left Blank]





                                       48

INDEX TO FINANCIAL STATEMENTS                                         PAGE


Report of Independent Registered Certified Public Accounting Firm      50

Balance Sheets                                                         51

Statements of Operations                                               52

Statement of Stockholders' Equity (Deficit)                            53

Statements of Cash Flows                                               54

Notes to Financial Statements                                          55










                                       49

REPORT OF INDEPENDENT REGISTERED CERTIFIED
PUBLIC ACCOUNTING FIRM

To the Board of Directors
Credex Corporation
Orange City, Florida

We have audited the accompanying balance sheets of Credex Corporation (a
development stage company) as of December 31, 2010 and 2009, and the related
statements of operations, stockholders' equity (deficit), and cash flows for
the years then ended and for the period from inception, September 2, 2005, to
December 31, 2010.  Credex's management is responsible for these financial
statements.  Our responsibility is to express an opinion on these financial
statements based on our audits.

We conducted our audits in accordance with the auditing standards of the Public
Company Accounting Oversight Board (United States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement. The Company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting. Our audit included consideration of internal
control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company's internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements, assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Credex Corporation as of
December 31, 2010 and 2009, and the results of its operations and its cash flows
for the years then ended and for the period from inception, September 2, 2005,
to December 31, 2010 in conformity with accounting principles generally accepted
in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. As discussed in Note D to the
financial statements, the Company is in the development stage and has suffered
recurring losses from operations. These conditions raise substantial doubt about
its ability to continue as a going concern. Management's plans regarding those
matters are also described in Note D. The financial statements do not include
any adjustments that might result from the outcome of this uncertainty.

/s/ Moss, Krusick & Associates, LLC
March 15, 2011
Winter Park, Florida

                                       50

                              Credex Corporation
                        (A Development Stage Company)
                                BALANCE SHEETS
                         December 31, 2010, and 2009


                              ASSETS

                                                            2010       2009
                                                         --------   ---------
CURRENT ASSETS:
  Cash                                                  $   2,194   $  2,185
                                                        ---------   --------
      Total Assets                                      $   2,194   $  2,185
                                                            =======   ======

               LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES:
  Accounts payable                                      $   4,086   $  2,500
                                                        ---------   --------
      Total Current Liabilities                             4,086      2,500
                                                        ---------   --------
STOCKHOLDERS' DEFICIT:
  Common stock, $0.001 par value; 100,000,000
    authorized shares, 5,899,250 and 3,565,500
    shares issued and outstanding December 31,
    2010 and 2009, respectively                             5,899      3,565
  Additional paid in capital                              262,342     36,676
  Less unearned capital (see Note E)                     (100,000)         0
  Accumulated deficit during the
    development stage                                    (170,133)   (40,556)
                                                        ---------    -------
      Total Stockholders' Deficit                          (1,892)      (315)
                                                        ---------    -------
      Total Liabilities and Stockholders'
        Equity (Deficit)                                $   2,194   $  2,185
                                                          =======   ======

  The accompanying notes are an integral part of these financial statements.

                                       51

                              Credex Corporation
                         (A Development Stage Company)
                           STATEMENTS OF OPERATIONS
       For Periods from Inception [September 2, 2005] to December 31, 2010

                                                Years Ended      Cumulative from
                                                December 31        Inception to
                                            --------------------   December 31,
                                                2010        2009          2010
                                            --------    --------     ----------
REVENUE:
  Finance income                           $       0    $      0     $  15,417
  Consulting income                                0           0         8,000
                                           ---------    --------     ---------
      Total Revenue                                0           0        23,417
                                           ---------    --------     ---------
EXPENSES:
  Travel                                           0       2,050         6,882
  Office expenses (see Note E)                 2,738       1,765         8,779
  Telephone (see Note E)                         421           0         2,744
  Professional fees (see Note E)             117,593      11,200       142,890
  Advertising                                      0           0           350
  Portfolio purchase                               0           0        21,000
  Seminar                                          0           0         1,585
  Stock transfer agent fees (see Note E)       5,500           0         5,500
  Rent (see Note E)                            3,325           0         3,853
                                           ---------    --------     ---------
      Total Expenses                         129,577      15,015       193,583
                                           ---------    --------     ---------
  Operating Loss                            (129,577)    (15,015)     (170,166)

OTHER INCOME:
  Interest income                                  0           0            33
                                           ---------    --------     ---------
  Net loss before income taxes              (129,577)    (15,015)     (170,133)

INCOME TAXES                                       0           0             0
                                           ---------    --------     ---------
  Net Loss                                 $(129,577)   $(15,015)    $(170,133)
                                           =========    ========     =========
Basic net loss per share                   $  (0.28)   $ (0.005)
                                           =========    ========
Weighted average number of shares
  outstanding (000's)                          4,620      3,143
                                           =========    =======

  The accompanying notes are an integral part of these financial statements.

                                       52

                                   Credex Corporation
                             (A Development Stage Company)
                      STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
          For Periods from Inception [September 2, 2005] to December 31, 2010


                                                                                          Total
                                Common Stock      Additional             Development  Stockholders'
                               ----------------    Paid-in     Unearned      Stage       Equity
                               Shares    Amount     Capital     Capital     Deficit     (Deficit)
                             ---------   ------    --------   ---------    ---------    ----------
                                                                      
September 2, 2005, Date of
    Incorporation                    0   $    0     $     0   $       0     $      0     $      0
Shares purchased for cash
    at $0.001 per share         10,000       10         990           0            0        1,000
Net loss for year ended
   December 31, 2005                 0        0           0           0       (8,397)      (8,397)
                             ---------   ------    --------   ---------    ---------     --------
Balances - December 31, 2005    10,000       10         990           0       (8,397)      (7,397)
Net loss for year ended
   December 31, 2006                 0        0           0           0       (8,056)      (8,056)
                             ---------   ------    --------   ---------    ---------     --------
Balances - December 31, 2006    10,000       10         990           0      (16,453)     (15,453)
Stockholder loan used to
   purchase shares at
   $0.0072 per share         2,490,000    2,490      15,441           0            0       17,931
Net loss for year ended
   December 31, 2007                 0        0           0           0       (2,087)      (2,087)
Balances - December 31,      ---------   ------    --------    ---------    ---------     --------
   2007                      2,500,000    2,500      16,431           0      (18,540)         391
Shares issued for cash
   at $0.02 per share          350,000      350       6,650           0            0        7,000
Net loss for year ended
   December 31, 2008                 0        0           0           0       (7,001)      (7,001)
Balances - December 31,      ---------   ------    --------   ---------    ---------     --------
   2008                      2,850,000    2,850      23,081           0      (25,541)         390
Shares issued for cash
   at $0.02 per share          715,500      715      13,595           0            0       14,310
Net loss for year ended
   December 31, 2009                 0        0           0           0      (15,015)     (15,015)
Balances - December 31,      ---------   ------    --------   ---------    ---------     --------
   2009                      3,565,500    3,565      36,676           0      (40,556)        (315)
Shares issued for cash
   at $0.02 per share          267,500      268       5,082           0            0        5,350
Shares issued for cash
   at $0.04 per share          566,250      566      22,084           0            0       22,650
Shares issued for future
   services at $0.113 per
   share                     1,500,000    1,500     198,500    (200,000)           0            0
Unearned capital amortized           0        0           0     100,000            0      100,000
Net loss for period ended
   December 31, 2010                 0        0           0           0     (129,577)    (129,577)
Balances - December 31,      ---------   ------   --------   ----------    ---------    ---------
   2010                      5,899,250   $5,899   $262,342   $ (100,000)   $(170,133)   $  (1,892)
                             =========   ======   ========   ==========     =========   =========

       The accompanying notes are an integral part of these financial statements.



                                       53

                                 Credex Corporation
                            (A Development Stage Company)
                              STATEMENTS OF CASH FLOWS
     For Periods from Inception [September 2, 2005] to December 31, 2010

                                               Years Ended      Cumulative from
                                                December 31        Inception to
                                            --------------------   December 31,
                                              2010        2009          2010
                                            --------    --------     ----------

CASH FLOWS FROM OPERATING ACTIVITIES
   Net loss                                $(129,577)   $(15,015)    $(170,133)

Add non-cash expenses to Net Loss:
     Professional fees from consulting
        agreement (see Note E)               100,000           0       100,000
Adjustments to reconcile net loss to net
     cash used by operations:
     Increase (decrease) in
        accounts payable                       1,586        (500)        4,086
                                           ---------     -------     ---------
        Net Cash Used by
          Operating Activities               (27,991)    (15,515)      (66,047)
                                           ---------     -------     ---------
CASH FLOWS FROM FINANCING ACTIVITIES
   Proceeds from stockholder
     loan                                          0           0        46,828
   Repayment of stockholder
     loan                                          0           0       (28,897)
   Sale of common stock                       28,000      14,310        50,310
                                           ---------     -------     ---------
        Net Cash Provided by
          Financing Activities                28,000      14,310        68,241
                                           ---------     -------     ---------
   Net Increase (Decrease)
     in Cash                                       9      (1,205)        2,194

   Cash and Equivalents,
       Beginning of Period                     2,185       3,390             0
                                           ---------     -------     ---------
   Cash and Equivalents,
       End of Period                       $   2,194     $ 2,185     $   2,194
                                           =========     =======     =========
SUPPLEMENTAL CASH FLOW INFORMATION:
   Cash paid for interest                  $       0     $     0     $       0
                                           =========     =======     =========
   Cash paid for income taxes              $       0     $     0     $       0
                                           =========     =======     =========
SIGNIFICANT NON-CASH ACTIVITIES:
   Stockholder loan contributed
     to capital for common
     Stock                                 $       0     $     0     $  17,931
                                           =========     =======     =========
   Common stock issued as collateral
     for future services / additional
     capital not earned                    $ 200,000     $     0     $ 200,000
                                           =========     =======     =========

    The accompanying notes are an integral part of these financial statements.

                                       54

                              Credex Corporation
                         (A Development Stage Company)
                         NOTES TO FINANCIAL STATEMENTS
                          December 31, 2010 and 2009

NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1.  Organization and Purpose

Credex Corporation, (the "Company") was incorporated in the State of Florida on
September 2, 2005.  The Company is presently engaged in market research
regarding the cost and availability of non-performing credit card portfolios
including current market prices for the sales of portfolios deemed
non-collectable at the time of sale.  The Company is exploring avenues for
raising capital in order to put its business plan into effect.  The Company has
a December 31 year-end.  The Company's principal office is in Orange City,
Florida.

2.  Basis of Presentation

The accompanying financial statements have been prepared in accordance with the
instructions to Form 10-K and Article 10 of Regulation S-X, and, therefore, do
include all information and footnotes necessary for a complete presentation of
financial position, results of operations, cash flows, and stockholders' equity
in conformity with accounting principles generally accepted in the United States
of America.  In the opinion of management, all adjustments considered necessary
for a fair presentation of the results of operations and financial position have
been included and all such adjustments are of a normal recurring nature.

3.  Development Stage

The Company is currently a development stage entity as defined under accounting
standards, as it continues development activities related to non-performing
credit card portfolios.  As required for development stage enterprises, the
statements of operations, cash flows and changes in stockholder's equity
(deficit) are presented on a cumulative basis from inception.

4.  Revenue Recognition

The Company recognizes revenue from purchased non-performing receivables in
accordance with accounting standards on the accounting for certain loans or
debt securities acquired in a transfer.  The Company will use the cost recovery
method and recognize income only after it has recovered its carrying value of
purchased non-performing receivables.  There can be no assurance as to when or
if the carrying value will be recovered. Recognition of income using the
interest method would be dependent on the Company having the ability to develop
reasonable expectations of both the

                                       55

timing and amount of cash flows to be collected.  Due to uncertainties related
to the expected timing of the collections of older non-performing receivables
purchased as a result of the economic environment and the lack of validation of
certain account components, the Company determined that it will not have the
ability to develop reasonable expectations of timing of cash flows to be
collected.

5.  Cash and Equivalents

For purposes of the statement of cash flows, the Company considers all highly
liquid investments with original maturities of less than three months to be cash
equivalents.

6.  Financial Instruments

Financial instruments consist of bank deposits.  The carrying amount of
financial instruments approximates fair value due to short-term maturities and
market interest rates.

7.  Advertising

The Company expenses advertising and promotions costs as they are incurred.

8.  Concentrations of Credit Risk

The Company maintains its cash in a bank deposit account in a bank covered by
the Federal Deposit Insurance Corporation.  As of December 31, 2010 and 2009,
the Company had no balances in excess of federally insured limits.

9.  Earnings per Share

Basic earnings per share is computed by dividing net income available to common
stockholders by the weighted average number of common stock shares outstanding
during the year.  Diluted EPS is computed by dividing net income available to
common stockholders by the weighted average number of common stock shares
outstanding during the year plus potential dilutive instruments such as stock
options and warrants.  The Company has no dilutive instruments outstanding.

10.  Income Taxes

The Company follows Section 740-10-30 of the FASB Accounting Standards
Codification, which requires recognition of deferred tax assets and liabilities
for the expected future tax consequences of events that have been included in
the financial statements or tax returns.

                                       56

Under this method, deferred tax assets and liabilities are based on the
differences between the financial statement and tax bases of assets and
liabilities using enacted tax rates in effect for the year in which the
differences are expected to reverse.  Deferred tax assets are reduced by a
valuation allowance to the extent management concludes it is more likely than
not that the assets will not be realized.  Deferred tax assets and liabilities
are measured using enacted tax rates expected to apply to taxable income in the
years in which those temporary differences are expected to be recovered or
settled.  The effect on deferred tax assets and liabilities of a change in tax
rates is recognized in the Statements of Operations in the period that includes
the enactment date.

The Company adopted section 740-10-25 of the Codification ("Section 740-10-25")
which addresses the determination of whether tax benefits claimed or expected to
be claimed on a tax return should be recorded in the financial statements. Under
Section 740-10-25, the Company may recognize the tax benefit from an uncertain
tax position only if it is more likely than not that the tax position will be
sustained on examination by the taxing authorities, based on the technical
merits of the position.  The tax benefits recognized in the financial statements
from such a position should be measured based on the largest benefit that has a
greater than fifty percent (50%) likelihood of being realized upon ultimate
settlement.  Section 740-10-25 also provides guidance on de-recognition,
classification, interest and penalties on income taxes, accounting in interim
periods and requires increased disclosures.  The Company had no material
adjustments to its liabilities for unrecognized income tax benefits according
to the provisions of Section 740-10-25.

11.  Use of Estimates

The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires
management to make estimates and assumptions that affect the reported amounts
of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues
and expenses during the reporting period.  Actual results could differ from
those estimates.

NOTE B - STOCKHOLDERS' EQUITY (DEFICIT)

At inception on September 2, 2005, the Company was authorized to have
outstanding 10,000 shares of common stock at $0.10 par value per share. On
October 24, 2007, the Company amended its Articles of Incorporation to increase
the maximum number of authorized common shares to 100,000,000 and changed the
par value to $0.001 per share, which has been retro-actively restated to $0.001
in the accompanying financial statements.


                                       57

The Company has forty stockholders of record as of December 31, 2010.  As of
December 31, 2010, the outstanding shares were 5,899,250.  Share transactions
during the year ended December 31, 2010, resulted in a increase in shares
outstanding of 2,333,750 shares as follows:

    Shares issued for cash at $0.02 per share             267,500
    Shares issued for cash at $0.04 per share             566,250
    Shares issued to Cypress Bend Executive
      Services, LLC ("Cypress") for future services
      to be performed valued at $200,000 ($0.113 per
      share)                                            1,500,000
                                                        ---------
                                                        2,333,750
                                                        =========

Additionally, ownership of 694,445 shares was transferred from a past
officer/director to Cypress.  This former officer/director is a member of
Cypress.  Another past officer/director who is deceased passed to his heirs
1,705,555 shares of which his heirs transferred 764,180 shares to Cypress.  A
total of 2,958,625 shares have been transferred to Cypress under a consulting
management agreement with the Company.  Upon completion of its services,
Cypress is to be paid $200,000 by the Company at which time Cypress will return
these shares.  (Refer to Note E - Related Party)

NOTE C - INCOME TAXES

Deferred income taxes result from temporary differences between the basis of
assets and liabilities recognized for differences between the financial
statements and tax basis thereon, and for the expected future tax benefits to
be derived from net operations losses and tax credit carry-forwards. The
Company has net operating losses and has recorded a valuation allowance equal
to the tax benefit of the accumulated net operating losses, since it is
uncertain that future taxable income will be realized during the applicable
carry-forward periods.  These benefits expire between 2025 and 2030.

                                       58

The Company's deferred tax assets as of December 31, 2010 and 2009 were as
follows:
                                        2010             2009
                                    ------------     ------------
Deferred tax asset                   $  49,200	      $  15,300
Valuation allowance                    (49,200)         (15,300)
                                     ---------        ---------
   Net Deferred Tax Asset            $       0        $       0
                                     =========        =========

NOTE D - GOING CONCERN

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. The Company's financial position and
operating results raise substantial doubt about its ability to continue as a
going concern. The Company is in the development stage and has sustained losses
of $170,166 since inception which raises substantial doubt about its ability to
continue as a going concern.  The ability of the Company to continue as a going
concern is dependent upon expanding operations and obtaining additional capital
and financing. Management's plan in this regard is to implement the Company's
business plan and to secure additional funds through equity or debt financing.
The financial statements do not include any adjustments that might be necessary
if the Company is unable to continue as a going concern.

NOTE E - RELATED PARTY

A past shareholder of the Company had received fees for service in the year
ended December 31, 2010 and 2009 in the amount of $2,400 and $4,200,
respectively.

A shareholder of the Company, Globex Transfer, LLC, a stock transfer agent, has
been engaged in November 2010 to provide stock transfer services.  As of
December 31, 2010, $5,500 expenses were incurred with an outstanding balance
payable of $2,500.

On July 9, 2010, the Company entered into a agreement for services with
Cypress, a related party, whereby Cypress acts as consultant to:

1.  Raise the necessary money for the Company to operate in the short term,
2.  Prepare and file documents with the SEC to take the Company public,
3.  Secure a transfer agent and market maker broker-dealer for the Company's
    stock,
4.  Secure the necessary audits for the required filing documents, and
5.  Provide day-to-day operational management of the Company.

                                       59

In exchange for these services, which the Company anticipates will last for a
ten month period, the Company agreed to pay Cypress cash fees of $200,000 as
well as provide Cypress with 2,958,625 shares of its stock, which effectively
transfers control of the Company to Cypress during this period.  Because the
consulting services began August 1, 2010, amortization into Professional Fee
was $100,000 in 2010 and $0 in 2009 resulting in net unearned capital of
$100,000 as of December 31, 2010.  Upon receipt of the cash payment of $200,000,
Cypress is to return the shares to the Company's treasury.  [Refer to Note
B - Stockholders' Equity (Deficit)]  Also, as part of the contract with Cypress,
the Company is responsible for normal operating costs, which Cypress was
providing.  These costs in operations paid to Cypress amounted to $8,910
[Office Expenses $1,346; Professional Fees for secretarial costs $3,818;
Rent $3,325; and Telephone $421].

On January 31, 2011, two shareholders of the Company loaned $2,000 for
additional funding to assist the Company accomplice its operating goals.  These
loans have twelve (12%) percent per annum interest rate with the loans payable
when funds are available.  (Refer to Note H - Stockholders' Loans [Subsequent
Event])

NOTE F - FILING WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION

The Company has completed filing with the U.S. Securities and Exchange
Commission one form to become public and is in the process of preparing a
filing to be able to sell shares to the public.  The Company filed a Form 10
under the Securities and Exchange Act of 1934 to start reporting its operations.
In conjunction with the Form 10, the Company will file an S-1 under the
Securities Act of 1933 to allow its shareholders to sell their shares to the
public.  The plan is for the Company to register part of the existing
shareholders' 2,940,625 shares outstanding with the shares to be sold to the
public at $0.25 per share.  The costs for this offering are estimated to be
less than $10,000.

NOTE G - STOCKHOLDERS' LOAN [SUBSEQUENT EVENT]

On January 31, 2011, two shareholders of the Company loaned $2,000 for
additional funding to assist the Company accomplice its operating goals.  These
loans have twelve (12%) percent per annum interest rate with the loans payable
when funds are available.  (Refer to Note E - Related Party)

NOTE H - RESTATEMENT OF INTERIM PERIOD INFORMATION - UNAUDITED

The Statement of Operations for the periods ended September 30, 2010 was
restated for correction of an error in the amount of $40,000.  This error was
for unrecorded amortization of consulting services of Cypress (refer to Note
E - Related Party) of $40,000.  The Statement for Operations' Professional Fees
was increased by $40,000 for the three months, nine months, and from inception

                                       60

[September 2, 2005] ended/to September 30, 2010.  In Stockholders' Equity
section of the Balance Sheet at September 30, 2010, unearned capital balance of
$160,000 resulted from the amortization into Professional Fees.  This contract
was entered into during the three months ended September 30, 2010.  This
accounting change will result in the net loss to increase in each future
accounting period until the contract is completed when all of the $200,000 fees
will be due and payable.

ASC FASB 250-10-50-7 Disclosure

Effects on previously issued financial statements for the periods ended
September 30, 2010 are as follows:

Statement of Operations and Comprehensive Income for the Three Months Ended
September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Professional Fees             $ 6,268          $ 40,000    $ 46,268
Total Expenses                  9,319            40,000      49,319
Total Loss from Operations     (9,319)          (40,000)    (49,319)
Net Loss                      $(9,319)          (40,000)   $(49,319)
                              =======                      ========
Basic Loss per Share          $(0.002)           (0.007)   $ (0.009)
                              =======                      ========

Statement of Operations for the Nine Months Ended September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Professional Fees             $ 8,668          $ 40,000    $ 48,668
Total Expenses                 12,248            40,000      52,248
Total Loss from Operations    (12,248)          (40,000)    (52,248)
Net Loss                     $(12,248)          (40,000)   $(52,248)
                             ========                      ========
Basic Loss per Share         $ (0.003)           (0.009)   $ (0.012)
                             ========                      ========

Statement of Operations from Inception [September 2, 2005] to September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Professional Fees            $ 33,965          $ 40,000    $ 73,965
Total Expenses                 76,254            40,000     116,254
Total Loss from Operations    (52,837)          (40,000)    (92,837)
Net Loss                     $(52,804)          (40,000)   $(92,804)
                             ========                      ========

                                       61

Statement of Cash Flows for Nine Months Ended September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Cash Flows from Operating
  Activities:
Net income                      $(12,248)      $(40,000)   $(52,248)
Add non-cash expenses to
  Net Loss:

Increase Professional Fees
    from consulting agreement          0         40,000      40,000
Net Cash Used by Operating
  Activities                    $(12,248)      $      0    $(12,248)
                                ========       ========    ========

Statement of Cash Flows from Inception [September 2, 2005] to September 30, 2010

                         Previously Reported   Net Change   Restated
                         -------------------   ----------   --------
Cash Flows from Operating
  Activities:
Net income                      $(52,804)      $(40,000)   $(92,804)
Add non-cash expenses to
  Net Loss:
   Increase Professional Fees
    from consulting agreement          0         40,000      40,000
Net Cash Used by Operating
  Activities                    $(50,304)      $      0    $(50,304)
                                ========       ========    ========





                       [Intentionally Left Blank]

                                       62

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL
DISCLOSURES

There are none.

EXPERTS

The financial statements of Credex Corporation for the period from inception,
September 2, 2005, through December 31, 2010, included elsewhere in this
Prospectus have been audited by Moss, Krusick & Associates, LLC, independent
registered public accounting firm, as stated in its report appearing herein,
and are included in reliance upon the report of such firm given upon its
authority as experts in accounting and auditing.

Richard R. Cook, Esq., has issued an opinion letter on this prospectus upon
which Credex has relied. We have included Mr. Cook's opinion letter in the
prospectus and elsewhere in the registration statement in reliance on this
opinion letter, given on his authority as an expert in legal matters. Mr. Cook
has known James H. Bashaw (Credex's former President) for more than 20 years.
Mr. Cook agreed to participate in this venture by providing his services in
preparing and filing the necessary documents with the SEC to make Credex a
public company. Mr. Cook's also agreed to serve on the Board of Directors and
as Corporate Secretary.

SIGNATURES

Pursuant to the requirements of Section 12 of the Securities Exchange Act of
1934, the registrant has duly caused this registration statement to be signed
on its behalf by the undersigned, thereunto duly authorized.

Credex Corporation

By: /s/ Denise Leonardo                Date: March 23, 2011
    Denise Leonardo,
    Chief Executive Officer

                                       63

UNDERTAKINGS

The undersigned registrant hereby undertakes:
    (1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
    (i) To include any prospectus required by section 10(a)(3) of the Securities
Act of 1933;
    (ii) To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the registration statement.
Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that
which was registered) and any deviation from the low or high end of the
estimated maximum offering range may be reflected in the form of prospectus
filed with the Commission pursuant to Rule 424(b) (Sec. 230.424(b) of this
chapter) if, in the aggregate, the changes in volume and price represent no
more than 20% change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration
statement.
    (iii) To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or any
material change to such information in the registration statement;
     (2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed to
be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the
initial bona fide offering thereof.
     (3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the termination
of the offering.
     (4) That, for the purpose of determining liability under the Securities
Act of 1933 to any purchaser:
    If the registrant is relying on Rule 430B (Sec. 230.430B of this chapter):
    (A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3)
(Sec. 230.424(b)(3) of this chapter) shall be deemed to be part of the
registration statement as of the date the filed prospectus was deemed part of
and included in the registration statement; and

                                       64

    (B) Each prospectus required to be filed pursuant to Rule
424(b)(2),(b)(5), or (b)(7) (Sec. 230.424(b)(2), (b)(5), or (b)(7) of this
chapter) as part of a registration statement in reliance on Rule 430B relating
to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x)
(Sec. 230.415(a)(1)(i), (vii), or (x) of this chapter) for the purpose of
providing the information required by section 10(a) of the Securities Act
of 1933 shall be deemed to be part of and included in the registration
statement as of the earlier of the date such form of prospectus is first used
after effectiveness or the date of the first contract of sale of securities in
the offering described in the prospectus. As provided in Rule 430B, for
liability purposes of the issuer and any person that is at that date an
underwriter, such date shall be deemed to be a new effective date of the
registration statement relating to the securities in the registration
statement to which that prospectus relates, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
Provided, however, that no statement made in a registration statement or
prospectus that is part of the registration statement or made in a document
incorporated or deemed incorporated by reference into the registration
statement or prospectus that is part of the registration statement will, as to
a purchaser with a time of contract of sale prior to such effective date,
supersede or modify any statement that was made in the registration statement
or prospectus that was part of the registration statement or made in any such
document immediately prior to such effective date; or
For the purpose of determining liability of the registrant under the Securities
Act of 1933 to any purchaser in the initial distribution of the securities:
The undersigned registrant undertakes that in a primary offering of securities
of the undersigned registrant pursuant to this registration statement,
regardless of the underwriting method used to sell the securities to the
purchaser, if the securities are offered or sold to such purchaser by means of
any of the following communications, the undersigned registrant will be a
seller to the purchaser and will be considered to offer or sell such securities
to such purchaser:
    (i) Any preliminary prospectus or prospectus of the undersigned registrant
relating to the offering required to be filed pursuant to Rule 424
(Sec. 230.424 of this chapter);
    (ii) Any free writing prospectus relating to the offering prepared by or
on behalf of the undersigned registrant or used or referred to by the
undersigned registrant;
    (iii) The portion of any other free writing prospectus relating to the
offering containing material information about the undersigned registrant or
its securities provided by or on

                                       65

behalf of the undersigned registrant; and
    (iv) Any other communication that is an offer in the offering made by the
undersigned registrant to the purchaser.



                                         CREDEX CORPORATION

Date: March 23, 2011                   By:/s/ Denise Leonardo
                                         _______________________________
                                         Denise Leonardo, President and
                                         Chief Executive Officer



                                       66

SIGNATURES


Pursuant to the requirements of the Securities Act of 1933, the registrant has
duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Daytona Beach, State of
Florida, on the day of March 23, 2011.

                             CREDEX CORPORATION

                         By: /s/ Denise Leonardo
                             ____________________________
                             Denise Leonardo, President and
                             Chief Executive Officer


Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons in the capacities and on
the dates indicated.

Name                                 Position                     Date
____________________    _______________________________     ________________


/s/ Denise Leonardo
_____________________
Denise Leonardo            Chairman of the Board and            3/23/2011
                            Chief Executive Officer


/s/ Steven G. Salmond
_____________________
Steven G. Salmond           Chief Financial Officer             3/23/2011


/s/ Janine Weller
_____________________
Janine Weller                        Director                   3/23/2011


/s/ Julie Ann Goodwin
_____________________
Julie Ann Goodwin                    Director                   3/23/2011




                                       67

EX-3

                                                                Exhibit -3.(i)
	                             RESTATED
                            ARTICLES OF INCORPORATION
                                        OF
                                CREDEX CORPORATION

     The undersigned subscriber to these Restated Articles of Incorporation, a

natural person competent to contract, hereby forms a corporation under the laws

of the State of Florida.

                                 ARTICLE I.  NAME

     The name of the corporation shall be CREDEX CORPORATION.

                         ARTICLE II.  NATURE OF BUSINESS

     This corporation may engage or transact in any or all lawful activities or

business permitted under the laws of the United States, the State of Florida or

any other state, country, territory, or nation.

                ARTICLE III.  CAPITAL STOCK and CORPORATE ADDRESS

     The maximum number of shares of stock that this corporation is authorized

to have outstanding at any one time is 100,000,000 shares of common stock

having a par value of $.001 per share.

      The street address of the registered office of the corporation shall be

454 Treemont Drive, Orange City, FL 32763.  The name of the initial registered

agent of the corporation at that address is RICHARD R. COOK. The mailing

address of the Corporation shall be 454 Treemont Drive, Orange City, FL 32763.

                                       1

                            ARTICLE IV.  TERM OF EXISTENCE

      This corporation is to exist perpetually.

                              ARTICLE V.  DIRECTORS

      This corporation shall have four directors initially, whose names and

addresses are:

Denise Leonardo, 9266 Keating Drive, Palm Beach Gardens, FL  33410

Julie Ann Goodwin, 232 Trickey Pond Road, Naples, ME 04055

Steven G. Salmond, 3290 Van Buren Ave., Apt, 30, Ogden, UT 84403

Janine Weller, 415 Macopin Road, West Milford, NJ 07480

                              ARTICLE VI.  OFFICERS

      The officers of the corporation shall be elected by the Directors. Until

new officers are elected the following  will serve as officers of the

corporation:

       Denise Leonardo               President
       Steven G. Salmond             Secretary & Treasurer

                            ARTICLE VII.  INCORPORATOR

      The name and street address of the Incorporator to these Articles of

Incorporation is:

James H. Bashaw, 505 E. New York, Suite 8, DeLand, FL  32724.

      IN WITNESS WHEREOF, the undersigned has hereunto set his hand and seal on

this __28th_ day of September, 2010.

                                /s/ Steven G. Salmond  (SEAL)
                                ________________________________
                              	Steven G. Salmond

                                       2

State of Florida  )
County of Volusia )

The foregoing instrument was acknowledged before me this 28th day of
September, 2010, by Steven G. Salmond, who is personally known to me and who
did take an oath.

Notary                            /s/ Melissa A. Bruno
___________                       __________________________
Title                             Notary Signature
DD619181                          Melissa A. Bruno
___________                       __________________________
Serial Number                     Notary Name Printed
                                  Commission expires: 12/22/10


                         ACCEPTANCE BY REGISTERED AGENT
                                CREDEX CORPORATION

Having been named Resident Agent and to accept Service of Process for the above
named corporation at the place designated in these Articles of Incorporation, I
hereby accept the appointment as Registered Agent and agree to act in this
capacity, I further agree to comply with the provisions of all statutes
relating to the proper and complete performance of my duties, and I am familiar
with and accept the obligations of my position as Registered Agent.


                                  Resident Agent


                                  /s/ Richard R. Cook
                                  ____________________
                                  RICHARD R. COOK








                                       3

EX-3

                                                                 Exhibit-3.(ii)
                                CORPORATE BYLAWS

                               CREDEX CORPORATION

ARTICLE I. MEETING OF SHAREHOLDERS

Section 1. Annual Meeting. The annual shareholder meeting of CREDEX Corporation

will be held on the 30th day of October, of each year or at such other time and

place as designated by the Board of Directors of CREDEX Corporation provided

that if said day falls on a Sunday or legal holiday, then the meeting will be

held on the first business day thereafter. Business transacted at said meeting

will include the election of directors of CREDEX Corporation.

Section 2. Special Meetings. Special meetings of the shareholders will be held

when directed by the President, Board of Directors, or the holders of not less

than 10 percent of all the shares entitled to be cast on any issue proposed to

be considered at the proposed special meeting; provided that said persons sign,

date and deliver to CREDEX Corporation one or more written demands for the

meeting describing the purposes(s) for which it is to be held. A meeting

requested by shareholders of CREDEX Corporation will be called for a date not

less than 10 nor more than 60 days after the request is made, unless the

shareholders requesting the meeting designate a later date. The call for the

meeting will be issued by the Secretary, unless the President, Board of

Directors or shareholders requesting the meeting designate another person to do

so.

Section 3. Place. Meetings of shareholders will be held at the principal place

of business of CREDEX Corporation or at such other place as is designated by

the Board of Directors.

Section 4. Record Date and List of Shareholders. The Board of Directors of

CREDEX Corporation shall fix the record date; however, in no event may a record

date fixed by the Board of Directors be a date prior to the date on which the

resolution fixing the record date is adopted.

                                       1

After fixing a record date for a meeting, the Secretary shall

prepare an alphabetical list of the names of all CREDEX Corporation's

shareholders who are entitled to notice of a shareholders' meeting, arranged by

voting group with the address of and the number and class and series, if any,

of shares held by each. Said list shall be available for inspection in

accordance with Florida Law.

Section 5. Notice. Written notice stating the place, day and hour of the

meeting, and the purpose(s) for which said special meeting is called, will be

delivered not less than 10 nor more than 60 days before the meeting, either

personally or by first class mail, by or at the direction of the President, the

Secretary or the officer or persons calling the meeting to each shareholder of

record entitled to vote at such meeting. If mailed, such notice will be deemed

to be effective when deposited in the United States mail and addressed to the

shareholder at the shareholder's address as it appears on the stock transfer

books of CREDEX Corporation, with postage thereon prepaid.

CREDEX Corporation shall notify each shareholder, entitled to a vote at the

meeting, of the date, time and place of each annual and special shareholder's

meeting no fewer than 10 or more than 60 days before the meeting date. Notice

of a special meeting shall describe the purpose(s) for which the meeting is

called. A shareholder may waive any notice required hereunder either before or

after the date and time stated in the notice; however, the waiver must be in

writing, signed by the shareholder entitled to the notice and be delivered to

CREDEX Corporation for inclusion in the minutes or filing in the corporate

records.

Section 6. Notice of Adjourned Meeting. When a meeting is adjourned to another

time or place, it will not be necessary to give any notice of the adjourned

meeting provided that the time and place to which the meeting is adjourned are

announced at

                                       2

the meeting at which the adjournment is taken. At such an

adjourned meeting, any business may be transacted that might have been

transacted on the original date of the meeting. If, however, a new record date

for the adjourned meeting is made or is required, then, a notice of the

adjourned meeting will be given on the new record date as provided in this

Article to each shareholder of record entitled to notice of such meeting.

Section 7. Shareholder Quorum and Voting. A majority of the shares entitled to

vote, represented in person or by proxy, will constitute a quorum at a meeting

of shareholders.

If a quorum, as herein defined, is present, the affirmative vote of a majority

of the shares represented at the meeting and entitled to vote on the subject

matter thereof will be the act of the shareholders unless otherwise provided by

law.

Section 8. Voting of Shares. Each outstanding share will be entitled to one

vote on each matter submitted to a vote at a meeting of shareholders.

Section 9. Proxies. A shareholder may vote either in person or by proxy

provided that any and all proxies are executed in writing by the shareholder or

his duly authorized attorney-in-fact. No proxy will be valid after the duration

of 11 months from the date thereof unless otherwise provided in the proxy.

Section 10. Action by Shareholders Without a Meeting. Any action required or

permitted by law, these bylaws, or the Articles of Incorporation of CREDEX

Corporation to be taken at any annual or special meeting of shareholders may be

taken without a meeting, without prior notice and without a vote, provided that

the action is taken by the holders of outstanding stock of each voting group

entitled to vote thereon having not less than the minimum number of votes with

respect to each voting group that would be necessary to authorize or take such

action at a meeting at which all voting groups and shares entitled to vote

thereon were present and voted, as provided by law. The foregoing actions(s)

shall be evidenced by written consents describing the action taken, dated and

signed by approving shareholders having the requisite number of votes of each

voting group entitled to

                                       3

vote thereon and delivered to CREDEX Corporation in

accordance with Florida Law. Within 10 days after obtaining such authorization

by written consent, notice shall be given to those shareholders who have not

consented in writing or who are not entitled to vote. Said notice shall fairly

summarize the material features of the authorized action and if the action

requires the providing of dissenters' rights, said notice will comply with the

disclosure requirements pertaining to dissenters' rights of Florida Law.

                             ARTICLE II. DIRECTORS

Section 1. Function. All corporate powers, business, and affairs will be

exercised, managed and directed under the authority of the Board of Directors.

Section 2. Qualification. Directors must be natural persons of 18 years of age

or older but need not be residents of this state and need not be shareholders

of CREDEX Corporation.

Section 3. Compensation. The Board of Directors will have authority to fix the

compensation for directors of CREDEX Corporation.

Section 4. Presumption of Assent. A director of CREDEX Corporation who is

present at a meeting of the Board of Directors at which action on any corporate

matter is taken will be presumed to have assented to the action taken unless

such director votes against such action or abstains from voting in respect

thereto because of an asserted conflict of interest.

Section 5. Number. CREDEX Corporation will have up to 7 director(s).

Section 6. Election and Term. Each person named in the Articles of

Incorporation as a member of the initial Board of Directors will hold office

until said directors will have been qualified and elected at the first annual

meeting of shareholders, or until said directors earlier resignation, removal

from office or death.  At the first annual meeting of shareholders and at each

annual meeting thereafter, the shareholders will elect directors to hold office

until the next annual meeting. Each director will hold office for a term for

which said director is elected until said director's successor will have been

qualified and elected, said director's prior resignation, said director's

removal from office or said director's death.

                                       4

Section 7. Vacancies. Any vacancy occurring in the Board of Directors will be

filled by the affirmative vote of a majority of the shareholders or of the

remaining directors even though less

than a quorum of the Board of Directors. A director elected to fill a vacancy

will hold office only until the next election of directors by the shareholders.

Section 8. Removal and Resignation of Directors. At a meeting of shareholders

called expressly for that purpose, any director or the entire Board of

Directors may be removed, with or without cause, by a vote of the holders of a

majority of the shares then entitled to vote at an election of directors.

A director may resign at any time by delivering written notice to the Board of

Directors or its chairman or to CREDEX Corporation by and through one of its

officers. Such a resignation is effective when the notice is delivered unless a

later effective date is specified in said notice.

Section 9. Quorum and Voting. A majority of the number of directors fixed by

these Bylaws shall constitute a quorum for the transaction of business. The act

of a majority of the directors present at a meeting at which a quorum is

present will be the act of the Board of Directors.

Section 10. Executive and Other Committees. A resolution, adopted by a majority

of the full Board of Directors, may designate from among its members an

executive committee and/or other committee(s) which will have and may exercise

all the authority of the Board of Directors to the extent provided in such

                                       5

resolution, except as is provided by law. Each committee must have two or more

members who serve at the pleasure of the Board of Directors. The board may, by

resolution adopted by a majority of the full Board of Directors, designate one

or more directors as alternate members of any such committee who may act in the

place and instead of any absent member or members at any meeting of such

committee.

Section 11. Place of Meeting. Special or regular meetings of the Board of

Directors will be held within or without the State of Florida.

Section 12. Notice, Time and Call of Meetings. Regular meetings of the Board of

Directors will be held without notice on such dates as are designated by the

Board of Directors. Written notice of the time and place of special meetings of

the Board of Directors will be given to each director by either personal

delivery, telegram or cablegram at least two (2) days before the meeting or by

notice mailed to the director at least five (5) days before the meeting.

Notice of a meeting of the Board of Directors need not be given to any director

who signs a waiver of notice either before or after the meeting. Attendance of

a director at a meeting will constitute a waiver of notice of such meeting and

waiver of any and all objections to the place of the meeting, the time of the

meeting, or the manner in which it has been called or convened, except when a

director states, at the beginning of the meeting, any objection to the

transaction of business because the meeting is not lawfully called or convened.

Neither the business to be transacted nor the purpose of, regular or special

meetings of the Board of Directors need be specified in the notice or waiver of

notice of such meeting.

A majority of the directors present, whether or not a quorum exists, may

adjourn any meeting of the Board of Directors to another time and place. Notice

of any such adjourned meeting will be given to the directors who were not

                                       6

present at the time of the adjournment.

Meetings of the Board of Directors may be called by the Chairman of the Board,

the President of CREDEX Corporation or any two directors.

Members of the Board of Directors may participate in a meeting of such board by

means of a conference telephone or similar communications equipment by means of

which all persons participating in the meeting can hear each other at the same

time. Participation by such means shall constitute presence in person at a

meeting.

Section 13. Action Without a Meeting. Any action required to be taken at a

meeting of the Board of Directors, or any action which may be taken at a meeting

of the Board of Directors or a committee thereof, may be taken without a meeting

if a consent in writing, setting forth the action to be so taken, signed by all

the directors, or all the members of the committee, as the case may be, is filed

in the minutes of the proceedings of the board

or of the committee. Such consent will have the same effect as a unanimous vote.

                              ARTICLE III. OFFICERS

Section 1. Officers. The officers of CREDEX Corporation will consist of a

president, a vice president, a secretary and a treasurer, each of whom will be

elected by the Board of Directors. Such other officers and assistant officers

and agents as may be deemed necessary may be elected or appointed by the Board

of Directors from time to time. Any two or more offices may be held by the same

person.

Section 2. Duties. The officers of CREDEX Corporation will have the following

duties:

The President will be the chief executive officer of CREDEX Corporation, who

generally and actively manages the business and affairs of CREDEX Corporation

subject to the directions of the Board of Directors. Said officer will preside

at all meetings of the shareholders and Board of Directors.

The Vice President will, in the event of the absence or inability of the

                                       7

President to exercise his office, become acting president of the organization

with all the rights, privileges and powers as if said person had been duly

elected president.

The Secretary will have custody of, and maintain all of the corporate records

except the financial records. Furthermore, said person will record the minutes

of all meetings of the shareholders and Board of Directors, send all notices of

meetings and perform such other duties as may be prescribed by the Board of

Directors or the President. Furthermore, said officer shall be responsible for

authenticating records of CREDEX Corporation.

The Treasurer shall retain custody of all corporate funds and financial records

maintain full and accurate accounts of receipts and disbursements and render

accounts thereof at the annual meetings of shareholders and whenever else

required by the Board of Directors or the President, and perform such other

duties as may be prescribed by the Board of Directors or the President.

Section 3. Removal and Resignation of Officers. An officer or

agent elected or appointed by the Board of Directors may be removed by the Board

of Directors whenever in the Board's judgment the best interests of CREDEX

Corporation will be served thereby.

Any officer may resign at any time by delivering notice to CREDEX Corporation.

Said resignation is effective upon delivery unless the notice specifies a later

effective date.

Any vacancy in any office may be filled by the Board of Directors.

                        ARTICLE IV. STOCK CERTIFICATES

Section 1. Issuance. Every holder of share(s) in CREDEX Corporation will be

entitled to have a certificate representing all share(s) to which he is holder.

No certificate representing share(s) will be issued until such share(s) is/are

fully paid.

                                       8

Section 2. Form. Certificates representing share(s) in CREDEX Corporation will

be signed by the President or Vice President and the Secretary or an Assistant

Secretary and will be sealed with the seal of CREDEX Corporation.

Section 3. Transfer of Stock. CREDEX Corporation will register a stock

certificate presented for transfer if the certificate is properly endorsed by

the holder of record or by his duly authorized agent.

Section 4. Lost, Stolen, or Destroyed Certificates. If a shareholder claims

that a stock certificate representing shares issued and recorded by CREDEX

Corporation has been lost or destroyed, a new certificate will be issued to

said shareholder, provided that said shareholder presents an affidavit claiming

the certificate of stock to be lost, stolen or destroyed. At the discretion of

the Board of Directors, said shareholder may be required to deposit a bond or

other indemnity in such amount and with such sureties, if any, as the board may

require.
                          ARTICLE V. BOOKS AND RECORDS

Section 1. Books and Records. CREDEX Corporation shall keep as permanent

records minutes of all meetings of its shareholders and Board of Directors, a

record of all actions taken by the shareholders or Board of Directors without a

meeting, and a record of all actions taken by a committee of the Board of

Directors in place of the Board of Directors on behalf of CREDEX Corporation.

Furthermore, CREDEX Corporation shall maintain accurate accounting records.

Furthermore, CREDEX Corporation shall maintain the following:

(i) a record of its shareholders in a form that permits preparation of a list

of the names and addresses of all shareholders in alphabetical order by class

of shares showing the number and series of shares held by each;

(ii) CREDEX Corporation's Articles or Restated Articles of Incorporation and

all amendments thereto currently in effect;

                                       9

(iii)CREDEX Corporation's Bylaws or Restated Bylaws and all amendments thereto

currently in effect;

(iv)	Resolutions adopted by the Board of Directors creating one or more

classes or series of shares and fixing their relative rights, preferences and

limitations if shares issued pursuant to those resolutions are outstanding;

(v)	The minutes of all shareholders' meetings and records of all actions

taken by shareholders without a meeting for the past 3 years;

(vi)	Written communications to all shareholders generally or all

shareholders of a class or series within the past 3 years including the

financial statements furnished for the past 3 years to shareholders as may be

required under Florida Law;

(vii)	A list of the names and business street addresses of CREDEX

Corporation's current directors and officers; and

(viii)	A copy of CREDEX Corporation's most recent annual report delivered to

the Department of State.

Any books, records and minutes may be in written form or in any other form

capable of being converted into written form.

Section 2. Shareholder's Inspection Rights. A shareholder of CREDEX Corporation

(including a beneficial owner whose shares are held in a voting trust or a

nominee on behalf of a beneficial owner) may inspect and copy, during regular

business hours at CREDEX Corporation's principal office, any of the corporate

records required to be kept pursuant to Section 1, of this Article of these

Bylaws, if said shareholder gives CREDEX Corporation written notice of such

demand at least 5 business days before the date on which the shareholder wishes

to inspect and copy. The foregoing right of inspection is subject however to

such other restrictions as are applicable under Florida Law, including, but not

limited to, the inspection of certain records being permitted only if the

demand for inspection is made in good faith and for a proper purpose (as well

as the shareholder

                                       10

describing with reasonable particularity the purpose and

records desired to be inspected and such records are directly connected with

the purpose).

Section 3. Financial Information. Unless modified by resolution of the

shareholders within 120 days of the close of each fiscal year, CREDEX

Corporation shall furnish the shareholders annual financial statements which

may be consolidated or combined statements of CREDEX Corporation and one or

more of its subsidiaries as appropriate, that include a balance sheet as of

the end of the fiscal year, an income statement for that year, and a statement

of cash flow for that year. If financial statements are prepared on the basis

of generally accepted accounting principles, the annual financial statements

must also be prepared on that basis. If the annual financial statements are

reported on by a public accountant, said accountant's report shall accompany

said statements. If said annual financial statements are not reported on by a

public accountant, then the statements shall be accompanied by a statement of

the president or the person responsible for CREDEX Corporation's accounting

records (a) stating his reasonable belief whether the statements were prepared

on the basis of generally accepted accounting principles and if not, describing

the basis of preparation; and

(b) describing any respects in which the statements were not prepared on a

basis of accounting consistent with the statements prepared for the preceding

year. The annual financial statements shall be mailed to each shareholder of

CREDEX Corporation within 120 days after the close of each fiscal year or

within such additional time as is reasonably necessary to enable CREDEX

Corporation to prepare same, if, for reasons beyond CREDEX Corporation's

control, said annual financial statement cannot be prepared within the

prescribed period.

Section 4. Other Reports to Shareholders. CREDEX Corporation shall report any

indemnification or advanced expenses to any director, officer, employee, or

agent (for indemnification relating to litigation or threatened litigation) in

writing to the shareholders with or before the notice of the next

shareholders' meeting, or prior to such meeting if the indemnification or

                                       11

advance occurs after the giving of such notice but prior to the time such

meeting is held, which report shall include a statement specifying the persons

paid, the amounts paid, and the nature and status, at the time of such payment,

of the litigation or threatened litigation.

Additionally, if CREDEX Corporation issues or authorizes the issuance of shares

for promises to render services in the future, CREDEX Corporation shall report

in writing to the shareholders the number of shares authorized or issued and

the consideration received by CREDEX Corporation, with or before the notice of

the next shareholders' meeting.

                              ARTICLE VI. DIVIDENDS

The Board of Directors of CREDEX Corporation may, from time to time declare

dividends on its shares in cash, property or its own shares, except when CREDEX

Corporation is insolvent or when the payment thereof would render CREDEX

Corporation insolvent, subject to Florida Law.

                           ARTICLE VII. CORPORATE SEAL

The Board of Directors will provide a corporate seal which will be in circular

form embossing in nature and stating "Corporate Seal", "Florida", year of

incorporation and name of said corporation.

                             ARTICLE VIII. AMENDMENT

These Bylaws may be altered, amended or repealed, and altered, amended or new

Bylaws may be adopted by a majority vote of the full Board of Directors.



Adapted as the initial by-laws of the corporation by the sole director on
October 30, 2005.

                                       12

EX-5

                                                                  Exhibit 5

                                  RICHARD R. COOK
      cookrr@cfl.rr.com           Attorney at Law         386 734 1116
                               2253 River Ridge Road
                                  DeLand, FL 32720

March 23, 2011

Credex Corporation
454 Treemont Drive
Orange City, FL 32763

Re: Prospectus on Form S-1

Ladies and Gentlemen:

I have acted as counsel to CREDEX CORPORATION (the "Company") in connection with
the above-referenced Prospectus on Form S-1 (the "Prospectus") filed with the
United States Securities and Exchange Commission (the "SEC") as of the date of
this opinion under the Securities Act of 1933, as amended (the "Act"), relating
to the proposed public offering of 5,899,250 shares (the "Stockholder Shares")
with  all of which shares may be sold by the selling stockholders as set forth
in the preliminary prospectus which forms a part of the Prospectus (the
"Prospectus").

In connection with rendering this opinion, I have examined the Company's Amended
and Restated Articles of Incorporation as amended to date and the Bylaws; such
records of the corporate proceedings of the Company as I have deemed material;
the Prospectus relating to the Offering and the Prospectus; and such other
certificates, receipts, records, and documents as I have considered necessary
for the purposes of this opinion.

In my examination, I have assumed the authenticity of all documents submitted
to me as originals, the conformity to the original documents of all documents
submitted to me as copies, the genuineness of all signatures on documents
reviewed by me and the legal capacity of natural persons.

Based upon the foregoing I am of the opinion that the shares are, and when sold
will remain, legally issued, fully paid and non-assessable shares of common
stock of the Company.

                                       1

I hereby consent to the reference to my name under the caption "Legal Matters"
or "Experts" in the Prospectus and amendments and to the use of this opinion as
an exhibit to the Prospectus. In giving this consent, I do not hereby admit that
I come within the category of persons whose consent is required under
Section 7 of the Act or the rules and regulations of the SEC thereunder.


Sincerely,

/s/ Richard R. Cook
_______________________
Richard R. Cook
Florida Bar # 254134


                                       2

EX-10

                                                                   Exhibit 10

                             AGREEMENT FOR SERVICES

AGREEMENT made and entered into as of this 9th day of July, 2010 (the
"Agreement"), by and between Credex Corporation (the "Client") and /Cypress
Bend Executive Services, LLC  ("Consultant").

Whereas, the Consultant is in the business of providing advice, management,
fund raising and legal services and the Client believes such experience is in
its best interest to utilize, and

Whereas, the Company formally desires to engage Consultant to provide such
services in accordance with the terms and conditions hereinafter set forth;

Now, therefore, the Client and Consultant agree as follows:


1.  Engagement.  The Company agrees to engage Consultant and Consultant
agrees to:

   A.  Raise the necessary money to fund the cost of Credex's business operation
       short term;
   B.  Prepare and file the necessary paperwork with the SEC to take Credex
       public (Form 10, S-1 and 10Qs as necessary;
   C.  Secure a transfer agent and market maker broker-dealer for Credex's
       stock;
   D.  Secure the audits necessary to go public and
   E.  Run the day to day operation of Credex short term.

2.  Compensation.

   A.  The Client shall pay the Consultant $200,000 for its services. Cypress
       Bend will receive a majority of the outstanding stock in Credex.  Payment
       for Cypress Bend's services will not be based on the stock they own but
       rather the flat fee so as not to dilute the ownership interest of the
       current shareholders. When Consultant's services are completed and
       Consultant is paid in full Consultant will convey its stock holdings to
       whomever the Client directs. If the Agreement is terminated Consultant
       will return all of its stock to the Client's treasury except that
       Mr. Cook's stock shall be returned to him.  The fee paid to Consultant
       shall also constitute any payment that may be due to Richard R. Cook.

   B.  All normal operational expenses of the Client will be the Client's
       responsibility.

                                       1

3.  Best Efforts Basis.  Subject to Section 4 and the last sentence of Section 3
hereof, Consultant agrees that it will at all times faithfully and to the best
of its experience, ability and talents perform all the duties that may be
required of it pursuant to the terms of this Agreement. The Client specifically
acknowledges and agrees, however, that the services to be rendered by Consultant
shall be conducted on a "best efforts" basis and has not, cannot and does not
guarantee that its efforts will have any impact on the Clients business or that
any subsequent financial improvement will result from its efforts.

4.  Non Exclusive Services.  The Client understands that Consultant is currently
providing certain advisory and other services to other individuals and entities
and agrees that Consultant is not prevented or barred from rendering services of
the same nature or a similar nature to any other individuals or entities and
acknowledges that such Services may from time to time conflict with the timing
of and the rendering of Consultant's services. In addition, Consultant
understands and agrees that the Client shall not be prevented or barred from
retaining other persons or entities to provide services of the same or similar
nature as those provided by Consultant.

5.  Liability of Consultant.  In furnishing the Client with advice and other
services as herein provided, Consultant shall not be liable to the Client or its
creditors for errors of judgment or for anything except malfeasance or gross
negligence in the performance of its duties or reckless disregard of the
obligations and duties under the terms of this Agreement.

6.  Confidentiality.  Until such time as the same may become publicly known,
Consultant agrees that any information provided it by the Client, of a
confidential nature will not be revealed or disclosed to any person or entities,
except in the performance of this Agreement, and upon completion of the term of
this Agreement and upon the written request of the Client, any original
documentation provided by the Client will be returned to it. Consultant will,
where it deems necessary, require confidentiality agreements from any associated
persons where it reasonably believes they will come in contact with confidential
material.

7.  Notice.  All notices, requests, demands and other communications provided
for by this Agreement shall, where practical, be m writing and shall be deemed
to have been given when mailed at any general or branch United States Post

                                       2

office enclosed in a certified post paid envelope and addressed to the address
of the respective party. Any notice of change of address shall only be effective
however, when received.

8.  Successors and Assigns.  This Agreement shall inure to the benefit of and
be binding upon the Client, its successors, and assigns, including, without
limitation, any corporation which may acquire all or substantially all of the
Company's assets and business or into which the Company may be consolidated or
merged and Consultant and its successors and assigns.

Consultant agrees that it will not sell, assign, transfer, convey, pledge or
encumber this Agreement or its right, title or interest herein, without the
prior written consent of the Client, this Agreement being intended to secure the
personal services of Consultant.

9.  Termination.  Consultant agrees that the Client may terminate this Agreement
at any time providing prior written notice of termination to Consultant. Any
notice of termination shall only be effective however, when received. See
section 2.A.

10.  Time For Performance.  Consultant shall attempt to complete its work for
Client within nine months from the date of execution of this agreement.  The
Consultant will attempt to finish its work in six months if possible.

The Client agrees that the Consultant may terminate this Agreement at any time
providing prior written notice of termination to the Client. Any notice of
termination shall only be effective however, when received. See section 2.A.

10. Applicable Law.  This Agreement shall be deemed to be a contract made under
the laws of the State of Florida, and for all purposes shall be construed in
accordance with the laws of said state.  The Client:

      (i)   agrees that any legal suit, action or proceeding arising out of or
            relating to this Agreement shall be instituted exclusively in
            Florida, County of Volusia.

                                       3

      (ii)  waives any objection which the Client may have now or hereafter to
            the venue of any such suit, action, or proceeding, and
      (iii) gives irrevocable consent to the jurisdiction of the Circuit,
            County of Volusia, in any such suit, action or proceeding.

11.  Other Agreements.  This Agreement supersedes all prior understandings and
agreements between the parties It may not be amended orally, but only by a
writing signed by the parties hereto.

12.  Non Waiver.  No delay or failure by either party in exercising any right
under this Agreement, and no partial or single exercise of that right shall
constitutes a waiver of that or any other right.

13. Heading.  Headings in this Agreement are for convenience only and shall not
be used to interpret or construe its provisions.

14.  Counterparts.  This Agreement may be executed in two or more counterparts,
each of which shaI1 be deemed an original but all of which together shall
constitute one and the same instrument.

In Witness Whereof, the parties hereto have executed this Agreement the day and
year first above written.

                 Client                       Consultant



By:  /s/ Denise Leonardo                     By: /s/ Timothy L. Kuker
     _________________________		         ___________________________
         Denise Leonardo                             TIMOTHY L. KUKER
         President                                   Managing Member

                                       4

EX-10

                                    AGREEMENT

THIS AGREEMENT ("Agreement"), is made and entered into as of this 7th day of
September, 2005, by and between Credex Corporation (a Florida corporation),
located at 505 E. New York Ave., Suite 8, DeLand, FL 32724, hereinafter
referred to as "CRE" and xxx Collections, Inc. (a Florida Corporation),
located at XXXXX S. First Street, Orange City, FL 32763, hereinafter referred to
as "XXX".

                                    RECITALS

WHEREAS, CRE is in the business of purchasing, managing and reselling
portfolios of non-performing and re-performing major credit card debt;
WHEREAS, XXX is a Florida licensed debt collection business; WHEREAS, CRE
wishes to utilize the services of XXX as a
collection agency and XXX wishes to become a collection agent for CRE;

NOW, THEREFORE, in consideration of the mutual promises herein contained, the
parties hereto hereby agree as follows:

1. APPOINTMENT OF XXX

Upon the execution of this Agreement by both parties, CRE appoints XXX as a
collection agency for CRE.

2. Acquisition of Portfolios

CRE will acquire portfolios of non-performing major credit card debt (Visa,
Master Card, etc.). The account balances (face amounts) will be in the range of
approximately $2,000 per account. They will be considered "One Agency"
receivables that are one to two years old from the date the accounts were
determined to be non-performing by the credit card issuers. ("One Agency" means
that the accounts have been processed by not more than one agency for collection
in the past). The typical portfolio will consist of several hundred to several
thousand accounts. At all times, CRE will be the sole owner of the accounts
until they have either been collected or sold.

                                       1

CRE will be responsible for obtaining as much existing information, in hard copy
form, as possible on each debtor file when the accounts are purchased, storing
same for ready access and alerting XXX as to which files do not have proof that
the debtor signed the application for the credit card account or other proof
such as copies of check payments on the account(s), etc. It is agreed between
the parties that no legal action will be attempted against any debtor for which
CRE has no written proof of the debt.

3. ASSIGNMENT OF RIGHT TO COLLECT

CRE will assign the exclusive right to collect those accounts that have been
assigned to XXX.

4. BANK ACCOUNT(S)

CRE will open and maintain a commercial bank account at Wachovia National Bank
that is separate from its operating account. This account will be used to
deposit collections from debtors only, whose accounts are owned by CRE and will
be used to disburse commissions to XXX, purchase additional portfolios and
transfer any remaining balances to the operating account of CRE at its sole
discretion. XXX will be provided with deposit forms in order for XXX to make
deposits of the collections payable to CRE.

5. COLLECTION ACTIVITY

XXX, at its sole discretion, will manage the collection of accounts assigned to
it by CRE. XXX will, at all times, supervise all of its employees that are
engaged in the collection process to insure that they conduct their
communications with debtors in accordance with the Fair Debt Collection
Practices Act and the consumer collection practices of Florida Statutes, Title
XXXIII, Chapter 559, Part VI. XXX, at its expense, will be responsible for
obtaining background information including credit reports sufficient to
determine the debtors ability to pay or not pay. Accounts deemed uncollectible
by XXX will be returned to CRE for resale or abandonment.

CRE will be responsible for providing the debtors with the initial written
notice that it now owns the debt, that XXX has been assigned to collect the
debt and that the payments be made to CRE and mailed to a PO Box # (to be
determined), Orange City, FL. The PO box will be rented by CRE with a key
provided to XXX for its use to receive debtors payments.

                                       2

CRE will, at its expense, be responsible for reporting payment information to
the respective credit bureaus for all debtors who have "paid in full" or "paid
as agreed", in accordance with the Fair Debt Reporting Act.

6. Collections

It is in the best interest of parties to collect the full outstanding balance
from each debtor. The degree to which that can be attained is the
responsibility of XXX. Since CRE owns the debt, it can allow relief to the
debtors in the form of discounts from the outstanding balances. XXX, at its
sole discretion, can offer a discount of up to 25% off the
outstanding balance(s) without obtaining permission from CRE if it believes
that by doing so it facilitates the prompt collection of the remaining
balance(s). XXX must obtain permission from CRE to offer larger discounts and
offer a reasonable explanation to CRE as to why a deeper discount would be in
the best interest of both parties.

7. Commissions

CRE will pay XXX a commission of Twenty Five (25%) Percent of all collections
net of discounts obtained by XXX. The percentage applies to immediate
collections (front line collections), Planned Payment Agreements (see # 11
below), the resale of re-performing debt and legal collections. No commission
will be paid to XXX for the resale of non- performing debt deemed
uncollectible.

Commissions will be paid to XXX on the Friday following the previous week's
collections that are deposited in the bank account used for such deposits. The
commission paid or about to be paid on any account where the payment was denied
for any reason from the debtors bank will cause an immediate charge back
against the total commissions due on the respective payment date. If the debtor
payment is honored in the future by the debtor's bank, the commission will be
earned and paid to XXX.

8. Deposits

XXX will deposit all collections on accounts owned by CRE into a bank account
established by CRE for this purpose. XXX agrees to never deposit collections
from CRE accounts into its own bank account(s). If such a deposit is done in
error, XXX agrees to immediately notify CRE of the error and deposit the amount
in question into CRE's bank account.

                                       3

XXX agrees to deposit collections of CRE accounts at least every Friday
(Tuesdays and Fridays are preferred) or more often at the discretion of XXX. In
addition, collections must also be deposited on the last working day of every
month. Deposits must be made before 2:00 PM in order to insure credit that day.
Every payment received must be photocopied before depositing and the copy must
be kept in the respective debtor's account/folder.

9. Legal Collections

Legal collections are defined as any collection that requires the use of an
attorney or collection through small claims courts and from judgments.
Commissions are based upon the net amount collected in addition to any filing
cost incurred by XXX.

10. Licenses

XXX will keep current licenses in force at all times and provide a copy of same
at the execution of this agreement and at the time of renewals in a timely
manner. These licenses include, but are not limited to, City and County
Occupational licenses and a Florida state Collection Agency license.

11. Notification to Debtors

CRE will notify all of the debtors in the portfolios as soon as they are
purchased. The notification will include, but is not limited to, the debtors
name and address, credit card account number and the name of the initial
issuer, current balance due, a statement that CRE is now the owner of the
account and its account number, CRE's name and address where to send payment, a
statement that XXX has been assigned to act as the collection agent for CRE and
a statement that the notification is an attempt to collect a debt using
industry standard language.

CRE will send monthly notices to those debtors who have agreed to make monthly
or other periodic payments (Planned Payment Agreements). A monthly list will be
prepared each month and will be compared with a like list prepared by XXX.

12. Planned Payment Agreements

Planned Payment Agreements (PPA) are agreements with the debtor(s) wherein the
debtor agrees to make monthly payments or other periodic payments in order to

                                       4

pay their debt in an orderly fashion. XXX will be responsible for the
management of this part of the collection process for which commission is paid.
All agreements must be in writing and signed by the debtor.

XXX will arrange for these agreements to be executed and implemented. The
original of each agreement is to be provided to CRE in a timely manner. All
such agreements, when executed, must be sent to XXX with an initial payment in
the amount agreed upon between the debtor and XXX in order to bind the
agreement. The format or template for the agreement is to be determined between
CRE and XXX.

13. Record Keeping

XXX will be responsible for keeping its own records. When deposits are made for
the collection of CRE accounts, XXX will promptly notify CRE on a list (format
to be determined) that will include the debtor's name, SS#, payment amount,
date and any internal account number that may be assigned. When more than one
portfolio of accounts is being collected, deposit tickets must only include
payments for accounts from the same portfolio. Example: three checks received
from accounts in three separate portfolios require that there be three
different deposit tickets prepared and deposited. There will be no exception to
this procedure.

CRE will be responsible for keeping its own records. CRE is a private company
that will prepares quarterly and annual reports for its investors, which are
very transparent and provide all of the information that is required by the
investors.

CRE reserves the right to have the books of XXX audited if CRE detects fraud or
dishonest dealings on the part of XXX in connection with its collection of
accounts owned by CRE.

14. Sale of Accounts Deemed Re-Performing

CRE, at its own discretion, may sell accounts in portfolio form that are
considered to be re-performing. These accounts would be accounts in PPA that
have made at least three monthly or other periodic payments in a timely manner.
Typically, the debtors of these accounts are making small monthly/periodic
payments that will require several months or years to pay off the debt. Buyers
in the market place typically pay $0.40 to $0.60 on a dollar on the remaining

                                       5

balances. XXX will be included in the process, but CRE will make the final
determination to sell or retain the accounts.

15. Sale of Accounts Deemed Uncollectible

CRE, at its own discretion, will sell accounts in portfolio form from time to
time that are deemed to be uncollectible by XXX. XXX will not receive a
commission from the proceeds of such sales as they are only a partial recovery
of the cost of the accounts paid by CRE. Notification of such accounts deemed
uncollectible is to be made to CRE by XXX as soon as possible after the
determination is made.

16. Termination

The parties have the right to cancel this agreement at any time for any reason
by giving each other thirty (30) days written notice in the form of a
resolution from the Board of Directors by the party authorizing the termination
of this agreement. All existing PPA accounts will be put into portfolio form
and sold within sixty days following the 30 day cancellation period. The
commission due under such sale will be paid to XXX within ten (10) days after
the receipt of payment from the purchaser of such portfolio(s).

This agreement has been negotiated at arm's length between persons
sophisticated and knowledgeable in these types of matters. In addition, each
party has been represented by experienced and knowledgeable legal counsel. No
change, modification, addition or amendment to this Agreement shall be valid
unless in writing and signed by all parties hereto. This Agreement contains all
of the terms negotiated between the parties.

IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed
as of the date shown on page one above.



Credex Corporation	                 XXX Collections, Inc.

/s/ James H. Bashaw	                 /s/ John Bird

James H. Bashaw, President	         John Bird, President


                                       6

EX-10

                                                                 Exhibit 10.2
                              SUBSCRIPTION AGREEMENT
                                       IN
                                Credex Corporation

Ms. Denise Leonardo, CEO
Credex Corporation
454 Treemont Drive
Orange City, FL  32763

1. SUBSCRIPTION. The undersigned (often referred to individually as "Purchaser"
or "Shareholder") hereby makes application to become an investor in Credex
Corporation, a Florida Corporation ("Company"), and to purchase Shares. This
subscription may be rejected by the Company in its sole discretion.

2. ACCEPTANCE OF SUBSCRIPTION. It is understood and agreed that the Company
shall have the right, at any time prior to receipt of notice of cancellation
from the undersigned to accept or reject this Subscription Agreement, in whole
or in part, and that the same shall be deemed to be accepted by the Company only
when it is signed by the president.

3. REPRESENTATIONS BY THE UNDERSIGNED. The undersigned represents and warrants
as follows:

    a.  The undersigned is purchasing the Shares after being furnished a Private
        Placement Memorandum.
    b.  The undersigned recognizes that the shares of Common Stock have not been
        registered under the Securities Act of 1933, as amended ("Act"), nor
        under the securities laws of any state and, therefore, cannot be resold
        unless registered under the Act or unless an exemption from registration
        is available; no public agency has passed upon the fairness of the terms
        of the offering; the undersigned may not sell the shares without
        registering them under the Act and any applicable state securities laws
        unless exemptions from such registration requirements are available with
        respect to any such sale;
    c.  The undersigned is acquiring the Shares for his own account for
        long-term investment and not with a view toward resale,
        fractionalization or division, or distribution thereof, and he does not
        presently have any reason to anticipate any change in his circumstances,
        financial or otherwise, or

                                       1

        particular occasion or event which would necessitate or require his sale
        or distribution of the shares. No one other than the undersigned has any
        beneficial interest in said securities;

    d.  The undersigned understands and acknowledges that the undersigned
        has no right to require registration of resale of the securities
        purchased hereby under the Act or under any state securities laws.

    e.  I alone or with my purchaser representative have such knowledge and
        experience in financial and business matters that I am capable of
        evaluating the merits and risks of the prospective investment, or the
        issuer reasonably believes immediately prior to making any sale that
        such purchaser comes within this description or subparagraph f applies.

    f.  The undersigned is an Accredited Investor. An Accredited Investor shall
        mean any person who comes within any of the following categories, or who
        the Company reasonably believes comes within any of the following
        categories, at the time of the sale of the securities to that person:

        1.  Any bank as defined in section 3(a)(2) of the Act or savings and
            loan association or other institution as defined in
            Section 3(a)(S)(A) of the Act whether acting in an individual or
            fiduciary capacity; brokers and dealers registered under Section 15
            of the Securities Exchange Act of 1934; an insurance company as
            defined in section 2(13) of the act; an investment company
            registered under the Investment Company Act of 1940 or a business
            development company as defined in section 2(a)(48) of that act; a
            Small Business Investment Company licensed by the U. S. Small
            Business Administration under section 301(c) or (d) of the Small
            Business Investment Act of 1958; an employee benefit plan within
            the meaning of Title I of the Employee Retirement Income Security
            Act of 1974, if the investment decision is made by a plan fiduciary,
            as defined in section 3(21) of such act, which is either a bank,
            insurance company, or registered investment adviser, or if the
            employee benefit plan has


                                       2

            total assets in excess of $5,000,000;
        2.  Any private business development company as defined in section
            202(a)(22) of the Investment Advisers Act of 1940;
        3.  Any organization described in Section 50l(c)(3) of the Internal
            Revenue Code, corporation, Massachusetts or similar business trust,
            or partnership, not formed for the specific purpose of acquiring the
            securities offered, with total assets of more than $5,000,000;
        4.  Any director, executive officer, or general partner of the issuer of
            the securities being offered or sold, or any director, executive
            officer, or general partner of a general partner of that issuer;
        5.  Any natural person whose individual net worth, or joint net worth
            with that person's spouse, at the time of his purchase exceeds
            $1,000,000;
        6.  Any natural person who had an individual income in excess of
            $200,000 in each of the two most recent years or joint income with
            that person's spouse in excess of $300,000 in each of those years
            and has a reasonable expectation of reaching that same level in the
            current year;
        7.  Any trust, with total assets in excess of $5,000,000, not formed
            for the specific purpose of acquiring the securities offered, whose
            purchase is directed by a sophisticated person as described in
            Rule 506(b)(2)(ii) of Regulation D; and
        8.  Any entity in which all of the equity owners are Accredited
            Investors.

    g.  The undersigned recognizes that the total amount of funds tendered to
        purchase the Shares is placed at the risk of the undersigned and may be
        completely lost. The undersigned understands that there can be no
        assurance of profitable operations. The purchase of Shares as an
        investment involves numerous risks;

    h.  The undersigned realizes that the Shares cannot readily be sold, that
        it may not be possible to sell or dispose of the Shares and therefore
        the Shares must not be purchased unless the undersigned has liquid
        assets sufficient to assure that such purchase will cause no undue
        financial

                                       3

        difficulties and the undersigned can provide for current needs and
        possible personal contingencies;

    i.  The undersigned confirms and represents that the undersigned is able
        (i) to bear the economic risk of his investment, (ii) to hold the
        securities for an indefinite period of time, and (iii) to afford a
        complete loss of the undersigned's investment. The undersigned also
        represents that the undersigned has (i) adequate means of providing for
        the undersigned's current needs and possible personal contingencies, and
        (ii) no need for liquidity in this particular investment;

    j.  The undersigned understands that there are substantial restrictions
        on the transferability of the component parts of the Shares and that
        any certificate or other document evidencing the component parts of
        the Shares will have substantially the following restrictive legend
        thereon:

            "The securities represented by this certificate have been acquired
            for investment and have not been registered under the Securities
            Act of 1933, as amended ("Act") or the securities laws a/any state.
            Such securities may not be sold, pledged, hypothecated or otherwise
            transferred at any time except upon registration or upon delivery to
            the Company of an opinion of counsel satisfactory to the Company
            that such registration is not required or evidence satisfactory to
            the Company that any such transfer will not violate the Act or the
            securities laws a/any state."

    k.  If the undersigned is a resident of Pennsylvania, the undersigned agrees
        not to sell the Shares for a period of 12 months from the date of
        purchase. The undersigned further acknowledges that a legend will be
        placed on any certificate evidencing such Shares restricting its
        transferability for 12 months from the date of purchase, and that the
        Company will provide its transfer agent with appropriate stop transfer
        instructions.

    l.  All information which the undersigned has provided to the Company
        concerning the undersigned's financial position and knowledge of
        financial and business matters is correct and complete as of the date
        set forth herein, and if there should be any

                                       4

        material change in such information prior to acceptance of this
        Subscription Agreement by the Company, the undersigned will immediately
        provide the Company with such information;

    m.  The undersigned has carefully considered and has, to the extent the
        undersigned believes such discussion necessary, discussed with the
        undersigned's professional legal, tax and financial advisors and the
        undersigned's purchaser representative(s), if any, the suitability of
        an investment in the Company for the undersigned's particular tax and
        financial situation and the undersigned and the undersigned's advisors
        or the undersigned's purchaser representative(s), if any, have
        determined that the investment is a suitable investment for the
        undersigned,

    n.  The undersigned understands that the books and records of the Company
        will be available upon reasonable notice for inspection during
        reasonable business hours at the Company's place of business;

    o.  The undersigned has been presented with and has acted upon the
        opportunity to ask questions and receive answers from the Company
        relating to the terms and conditions of the offering in order to obtain
        any additional information necessary to verify the accuracy of the
        information made available to him;

    p.  The undersigned has not become aware of the offering of Shares by any
        form of general solicitation or advertising, including, but not limited
        to advertisements, articles, notices or other communications published
        in any newspaper, magazine or other similar media or broadcast over
        television or radio or any seminar or meeting where those individuals
        that have attended have been invited by any such or similar means of
        general solicitation or advertising; and

    q.  The undersigned is a bona fide resident of the state set forth as his
        "residence address" in this Subscription Agreement, and that (1) if a
        corporation, partnership, trust, or other form of business organization,
        it has its principal office within such state; (ii) if an individual, he
        has his principal residence in such state; and (iii) if a corporation,
        partnership, trust, or other

                                       5

        form of business organization which was organized for the specific
        purpose of acquiring the Shares in the Company, all of its beneficial
        owners are residents of such state.

4. INDEMNIFICATION. It is acknowledged that the meaning and legal consequences
of the representations and warranties contained in this Subscription Agreement
are understood and the undersigned hereby agrees to indemnify and hold harmless
the Company and each officer thereof from and against any and all loss, damage
and liability due to or arising out of a breach of any of the representations
and warranties made in this Subscription Agreement The representations and
warranties contained herein are intended to and shall survive delivery of the
Subscription Agreement.

5. PURCHASE OF SHARES. The undersigned hereby subscribes to purchase ___________
Units/Shares for a total investment of $_______________($5.00 per Unit/Share).

The purchase price is being paid herewith by delivery of a check payable to
"Credex Corporation".

This Subscription Agreement is executed on this the _____ day of _____________
2010, in the State of __________________.


                                       6

                         TYPE OF OWNERSHIP (CHECK ONE)

__ INDIVIDUAL OWNERSHIP (one signature required)

__ CORPORATION (Please include certified corporate resolution authorizing
   signature.)

__ COMMUNITY PROPERTY (one signature if shares are held in one name, i.e.,
   managing spouse; two signatures required if interest is held in both names)

__ PARTNERSHIP (Please include a copy of the statement of partnership or
   partnership agreement authorizing signature.)

__ TRUST (Please include name of trust, name of trustee, date trust was formed
   and copy of the trust agreement or other authorization.)

  _________________________________
Please print the exact name (registration)
 Investor desires on records of the Company.



___________________________________________________
Street  Address         			Suite or Apt.

___________________________________________________
City,      	 State           		Zip Code

(          ) __________________________
Telephone

 __________________________
Social Security or Taxpayer I.D. Number


                                       7

                                    EXECUTION

Please execute this Subscription Agreement by completing the appropriate
section below.

A.  If the subscriber is an INDIVIDUAL, complete the following:

__________________________ 		__________________________
Signature of Investor			Name (please type or print)

                                __________________________
				Signature of Spouse or Co-Owner if funds are
                                To be invested as joint tenants by the entirety



                                __________________________
				Name (please type or print)

B. If the subscriber is a CORPORATION, complete the following:

The undersigned hereby represents, warrants and covenants that the undersigned
has been duly authorized by all requisite action on the part of the corporation
listed below("Corporation") to acquire the Shares, and further, that the
Corporation has all requisite authority to acquire such Shares.

The officer signed below represents and warrants that each of the above
representations or agreements or understandings set forth herein applies to that
Corporation and that he has authority under the article of incorporations,
bylaws, and resolutions of the board of directors of such Corporation or
execute this Subscription Agreement.  Such officer encloses a true copy of the
articles of incorporation, the bylaws and, as necessary, the resolutions of the
board of directors authorizing a purchase of the investment herein, in each case
as amended to date.

				_______________________________
				Name of Corporation (please type or print)

				By: _________________________

                                Name: ______________________

				Title: ________________________




                                       8


   C. If the subscriber is a PARTNERSHIP, complete the following:

The undersigned hereby represents, warrants and covenants that the undersigned
is a general partner of the partnership named below ("Partnership"), and has
been duly authorized by the Partnership to acquire the Shares and that he has
all requisite authority to acquire such Shares for the Partnership. The
undersigned represents and warrants that each of the above representations or
agreements or understandings set forth herein applies to that Partnership and
he is authorized by such Partnership to execute this Subscription Agreement.
Such partner encloses a true copy of the partnership agreement of said
Partnership, as amended to date, together with a current and complete list of
all partners thereof.

				__________________________________
				Name of Partnership (please type or print)

				By: __________________________
				Name: _______________________
				Title:  _______________________

	D. If the subscriber is a TRUST, complete the following:
The undersigned hereby requests, warrants and covenants that he is duly
authorized by the terms of the trust instrument ("Trust Instrument") for the
("Trust") set forth below to acquire the Shares and the undersigned, as trustee,
has all requisite authority to acquire such Shares for the Trust.

The undersigned, as trustee, executing this Subscription Agreement on behalf of
the Trust, represents and warrants that each of the above representations or
agreements or understandings set forth herein applies to that Trust and he is
authorized by such Trust to execute this Subscription Agreement.  Such trustee
encloses a true copy of the Trust Instrument of said Trust as amended to date.


__________________________
Name of Trust (Please type or print)

By: _______________________
Name: _______________________
Title: _______________________

ACCEPTED BY THE COMPANY this, the _____ day of ____________, 2010.
            				CREDEX Corporation


						By:  __________________________
						Title: _______________

                                       9

EX-23

                                                                 EXHIBIT 23.1


Consent of Independent Registered Public Accounting Firm

We consent to the use of our report dated March 15, 2011 with respect to the
financial statements of Credex Corporation for the period from inception,
September 2, 2005, through December 31, 2010 included herein and to the
reference to our firm under the heading of "Experts" in the registration
statement.


/s/ Moss, Krusick & Associates, LLC


Winter Park, Florida
March 23, 2011