Infrax Systems, Inc (OTC: IFXY) Dba US Standard Capital Acquires JP Developers of Texas LLC
Infrax Systems, Inc. (OTC: IFXY), operating as US Standard Capital, has acquired JP Developers of Texas, a Houston-based real estate development company. This marks the first of several planned acquisitions in real estate-related industries. JP Developers specializes in fix and flip properties, new construction, remodeling, and interior finishing. The company is currently renovating eight owned single-family homes and partnering on two existing homes and four new builds.
IFXY has identified four other potential acquisition targets in the real estate and construction markets, with plans to pursue these aggressively in the coming months. The company will release its pre-merger quarterly disclosure statement for the fiscal year ended June 30, 2024, later this week. Consolidated financials including pro-rated numbers for JP Developers will be filed with the fiscal first quarter disclosure statement ending September 30, 2024.
Infrax Systems, Inc. (OTC: IFXY), operante come US Standard Capital, ha acquisito JP Developers of Texas, una compagnia di sviluppo immobiliare con sede a Houston. Questo segna il primo di diversi piani di acquisizione nel settore immobiliare. JP Developers si specializza in proprietà da ristrutturare, nuove costruzioni, rimodernamenti e finiture interne. Attualmente, l'azienda sta ristrutturando otto case unifamiliari di sua proprietà e collabora su due case esistenti e quattro nuove costruzioni.
IFXY ha identificato altri quattro potenziali obiettivi di acquisizione nei mercati immobiliare e delle costruzioni e prevede di perseguirli con determinazione nei prossimi mesi. L'azienda pubblicherà la sua dichiarazione di divulgazione trimestrale pre-fusione per l'anno fiscale conclusosi il 30 giugno 2024 più tardi questa settimana. I risultati finanziari consolidati, inclusi i numeri pro-rata per JP Developers, saranno presentati con la dichiarazione di divulgazione del primo trimestre fiscale che termina il 30 settembre 2024.
Infrax Systems, Inc. (OTC: IFXY), que opera como US Standard Capital, ha adquirido JP Developers of Texas, una empresa de desarrollo inmobiliario ubicada en Houston. Esto marca la primera de varias adquisiciones planificadas en industrias relacionadas con bienes raíces. JP Developers se especializa en propiedades de reparación y reventa, nuevas construcciones, remodelaciones y acabados interiores. Actualmente, la empresa está renovando ocho casas unifamiliares de su propiedad y está asociándose en dos casas existentes y cuatro nuevas construcciones.
IFXY ha identificado cuatro objetivos de adquisición potenciales en los mercados inmobiliario y de construcción, con planes de perseguir estos agresivamente en los próximos meses. La compañía publicará su declaración de divulgación trimestral previa a la fusión para el año fiscal que terminó el 30 de junio de 2024, más adelante esta semana. Los estados financieros consolidados, incluidos los números prorrateados para JP Developers, se presentarán con la declaración de divulgación del primer trimestre fiscal que finaliza el 30 de septiembre de 2024.
Infrax Systems, Inc. (OTC: IFXY)는 US Standard Capital로 운영되며, JP Developers of Texas를 인수했습니다. 이는 부동산 관련 산업에서 계획된 여러 인수 중 첫 번째 사례입니다. JP Developers는 수리 후 재판매, 신규 건축, 리모델링 및 실내 마감 전문 회사입니다. 현재 이 회사는 소유한 8채의 단독주택을 리모델링하고 있으며, 2채의 기존 주택 및 4채의 신규 건축에 대해 파트너십을 맺고 있습니다.
IFXY는 부동산 및 건설 시장에서 4개의 잠재적 인수 대상을 확인했으며, 향후 몇 달간 이들을 적극적으로 추구할 계획입니다. 이 회사는 2024년 6월 30일로 끝난 회계연도에 대한 인수 전 분기 공시 성명을 이번 주 후반에 발표할 것입니다. JP Developers에 대한 비율 배분 수치를 포함한 통합 재무제표는 2024년 9월 30일로 끝나는 회계 첫 분기 공시 성명서와 함께 제출될 것입니다.
Infrax Systems, Inc. (OTC: IFXY), opérant sous le nom de US Standard Capital, a acquis JP Developers of Texas, une société de développement immobilier basée à Houston. Cela marque le premier d'une série d'acquisitions planifiées dans les secteurs liés à l'immobilier. JP Developers se spécialise dans la rénovation et revente de propriétés, la construction neuve, la rénovation et les finitions intérieures. La société est actuellement en train de rénover huit maisons unifamiliales dont elle est propriétaire et collabore sur deux maisons existantes et quatre nouvelles constructions.
IFXY a identifié quatre autres cibles potentielles d'acquisition sur les marchés de l'immobilier et de la construction, avec des projets de les poursuivre activement dans les mois à venir. L'entreprise publiera son état de divulgation trimestriel avant fusion pour l'exercice clos le 30 juin 2024, plus tard cette semaine. Les états financiers consolidés, y compris les chiffres pro-rata pour JP Developers, seront déposés avec l'état de divulgation du premier trimestre de l'exercice se terminant le 30 septembre 2024.
Infrax Systems, Inc. (OTC: IFXY), das als US Standard Capital agiert, hat JP Developers of Texas übernommen, ein Immobilienentwicklungsunternehmen mit Sitz in Houston. Dies stellt die erste von mehreren geplanten Übernahmen im Immobiliensektor dar. JP Developers spezialisiert sich auf Renovierungsobjekte, Neubauten, Umbaumaßnahmen und Innenausbau. Das Unternehmen renoviert derzeit acht eigene Einfamilienhäuser und kooperiert bei zwei bestehenden Häusern sowie vier Neubauten.
IFXY hat vier weitere potenzielle Übernahmeziele im Immobilien- und Bausektor identifiziert und plant, diese in den kommenden Monaten aktiv zu verfolgen. Das Unternehmen wird später in dieser Woche seine vierteljährliche Offenlegungsmitteilung vor der Fusion für das zum 30. Juni 2024 beendete Geschäftsjahr veröffentlichen. Die konsolidierten Finanzdaten, einschließlich der anteiligen Werte für JP Developers, werden zusammen mit der Offenlegungsmitteilung für das erste Quartal des Geschäftsjahres, das am 30. September 2024 endet, eingereicht.
- Acquisition of JP Developers of Texas, expanding IFXY's presence in real estate development
- JP Developers currently renovating 8 owned single-family homes and partnering on 6 other projects
- Identified 4 other potential acquisition targets in real estate and construction markets
- Plans for aggressive expansion through further acquisitions in the coming months
- None.
The first of several planned acquisitions in real estate-related industries
HOUSTON, TX / ACCESSWIRE / September 24, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) (the "Company") dba US Standard Capital announced today that is has completed its acquisition of JP Developers of Texas (www.jpdevelopersoftexas.com), a premier real estate development company based in Houston, Texas, dedicated to crafting innovative and functional homes. The acquisition represents the first of several planned acquisitions in real estate- related industries.
JP Developers specializes in fix and flip properties, new construction, remodeling, and interior finishing, transforming spaces with a commitment to quality and excellence. JP Developers is currently renovating eight single family homes that it owns and is acting as the development partner on two other existing homes and four new builds. All corporate staff of JP Developers have been moved into the Company's new office space near the Galleria in Houston, TX. The Company has identified four other companies in the real estate and construction markets as potential acquisition targets and plans to move forward with one or more of these acquisitions aggressively over the next few months.
Mr. Jose Pineda, President of the Company, stated, "As we embark on this new chapter of growth and opportunity through the acquisition of a prestigious real estate development company, we express our commitment to innovation and excellence. Our shared vision is to redefine the landscape of possibilities and create lasting value for our shareholders, stakeholders, and the community. Together, we will build a future that inspires, transforms, and elevates the standards of the industry."
IFXY will be posting its pre-merger quarterly disclosure statement for the company's annual report for the fiscal year that ended on June 30, 2024, later this week. Consolidated financials including pro-rated numbers for JP Developers of Texas will be filed with the company's fiscal first quarter disclosure statement that runs through September 30, 2024.
About Infrax Systems, Inc. / US Standard Capital
Infrax Systems, Inc. is focused on acquiring assets and companies in the real estate sector, including housing development, construction, remodeling, and financing. The Company is currently doing business as US Standard Capital and plans to change its name to US Standard Capital, Inc. in the near future. The Company also provides products and services that address the various challenges faced by Latin American immigrants.
Contact Information:
https://www.usstandardcapital.com/
https://www.jpdevelopersoftexas.com/
Shareholder/Investor inquiries for Infrax Systems, Inc.:
Infrax Systems, Inc. / US Standard Capital
1- 786-583-6642
ir@infraxinc.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Contact Information
Jose Pineda
CEO
jose@usstandardcapital.com
786-583-6642
SOURCE: Infrax Systems, Inc.
View the original press release on accesswire.com
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