Infrax Systems, Inc (OTC: IFXY) Provides Shareholder Update
Infrax Systems, Inc. (OTC: IFXY) has announced several key updates for shareholders. The company plans to change its name to US Standard Capital and has launched a new website. It's moving to new corporate offices in Houston, TX, providing space for growth. IFXY aims to acquire JP Developers of Texas by September 2024 and has identified four other potential acquisition targets in real estate and construction. The company is making progress on audits for fiscal years 2022 and 2023, expected to complete soon. IFXY is positioning to become an SEC direct filer, likely in the 2025 fiscal year. These changes signify a strategic shift and expansion for the company.
Infrax Systems, Inc. (OTC: IFXY) ha annunciato diversi aggiornamenti chiave per gli azionisti. L'azienda prevede di cambiare nome in US Standard Capital e ha lanciato un nuovo sito web. Si sta trasferendo in nuovi uffici corporate a Houston, TX, offrendo spazio per la crescita. IFXY punta a acquisire JP Developers of Texas entro settembre 2024 e ha identificato altri quattro potenziali obiettivi di acquisizione nel settore immobiliare e delle costruzioni. L'azienda sta facendo progressi sugli audit per gli anni fiscali 2022 e 2023, previsti in completamento a breve. IFXY si sta posizionando per diventare un presentatore diretto all'SEC, probabilmente nell'anno fiscale 2025. Questi cambiamenti rappresentano un cambio strategico e un'espansione per l'azienda.
Infrax Systems, Inc. (OTC: IFXY) ha anunciado varias actualizaciones clave para los accionistas. La empresa planea cambiar su nombre a US Standard Capital y ha lanzado un nuevo sitio web. Se está mudando a nuevas oficinas corporativas en Houston, TX, proporcionando espacio para el crecimiento. IFXY tiene como objetivo adquirir JP Developers of Texas para septiembre de 2024 y ha identificado otros cuatro objetivos potenciales de adquisición en bienes raíces y construcción. La empresa está avanzando en auditorías para los años fiscales 2022 y 2023, que se espera se completen pronto. IFXY se está preparando para convertirse en un presentador directo ante la SEC, probablemente en el año fiscal 2025. Estos cambios significan un cambio estratégico y una expansión para la empresa.
Infrax Systems, Inc. (OTC: IFXY)는 주주를 위한 여러 주요 업데이트를 발표했습니다. 회사는 US Standard Capital로 이름을 변경할 계획이며, 새 웹사이트를 론칭했습니다. 현재 휴스턴, TX에 새로운 기업 사무실로 이전하고 있습니다며, 성장 공간을 제공하고 있습니다. IFXY는 2024년 9월까지 텍사스의 JP Developers를 인수할 계획이며, 부동산 및 건설 부문에서 다른 4개의 잠재적 인수 대상을 선정했습니다. 회사는 2022년과 2023년 회계 연도에 대한 감사 진행 중이며, 곧 완료될 것으로 예상하고 있습니다. IFXY는 2025 회계 연도에 SEC의 직접 제출자로 자리 잡을 계획입니다. 이러한 변화는 회사의 전략적 전환 및 확장을 의미합니다.
Infrax Systems, Inc. (OTC: IFXY) a annoncé plusieurs mises à jour clés pour les actionnaires. La société prévoit de changer son nom en US Standard Capital et a lancé un nouveau site web. Elle déménage dans de nouveaux bureaux à Houston, TX, offrant de l'espace pour la croissance. IFXY vise à acquérir JP Developers of Texas d'ici septembre 2024 et a identifié quatre autres cibles potentielles d'acquisition dans l'immobilier et la construction. La société progresse dans les audits des exercices fiscaux 2022 et 2023, qui devraient être complétés prochainement. IFXY se positionne pour devenir un déclarant direct auprès de la SEC, probablement au cours de l'exercice 2025. Ces changements signifient un tournant stratégique et une expansion pour l'entreprise.
Infrax Systems, Inc. (OTC: IFXY) hat mehrere wichtige Updates für die Aktionäre angekündigt. Das Unternehmen plant, seinen Namen in US Standard Capital zu ändern und hat eine neue Website gestartet. Es verlegt seine Unternehmensbüros nach Houston, TX, um Raum für Wachstum zu schaffen. IFXY beabsichtigt, JP Developers of Texas bis September 2024 zu erwerben und hat vier weitere potenzielle Akquisitionsziele im Immobilien- und Bausektor identifiziert. Das Unternehmen macht Fortschritte bei den Prüfungen für die Geschäftsjahre 2022 und 2023, die voraussichtlich bald abgeschlossen sind. IFXY positioniert sich, um ein direkter SEC-Einreicher zu werden, wahrscheinlich im Geschäftsjahr 2025. Diese Veränderungen signalisieren einen strategischen Wandel und eine Expansion für das Unternehmen.
- Planned acquisition of JP Developers of Texas by September 2024
- Identification of four additional acquisition targets in real estate and construction
- Progress on audits for fiscal years 2022 and 2023, nearing completion
- Plans to become an SEC direct filer in the 2025 fiscal year
- Moving to new, larger corporate offices in Houston, TX
- None.
Name Change, New Location, Acquisition of JP Developers of Texas, Audit Status
HOUSTON, TX / ACCESSWIRE / July 25, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) (the "Company") is pleased to provide shareholders with an update of recent activities and its near-term plans going forward. Mr. Jose Pineda stated, "I am excited about the route we have chosen for our company. Although it has taken a while to put the foundation in place, shareholders can expect to see many exciting changes over the next few months. Going forward, I want to express my commitment to quick execution of the plan, and the long-term success and shareholder value of our company."
The Company plans to change its name to US Standard Capital and is currently preparing supporting documentation for the name change application. We expect the application to be filed with FINRA in the next month or two. The Company has launched a new web site at www.usstandardcapital.com.
The Company is moving into its new corporate offices at 5210 Woodway in Houston, TX, this week. The new offices provide ample space for growth and a centralized location with easy access to the main business districts in the city.
The Company plans to acquire JP Developers of Texas (www.jpdevelopersoftexas.com) by September 2024. The Company has identified four other companies in the real estate and construction markets as acquisition targets and plans to move forward with these acquisitions aggressively over the next few months.
The Company has made significant progress on its audits for fiscal years 2022 and 2023, which were initiated a few months ago. The audits for these periods should be completed in the next few weeks. The Company will initiate an audit of its 2024 fiscal year in the near future.
The Company is positioning itself to become a direct filer with the SEC and expects to begin direct filing sometime in the 2025 fiscal year which began on July 1, 2024. Since we have a name change pending and several acquisitions planned for the second half of the calendar year, the exact timing of filing our first Form 10 is still vague. We are moving forward aggressively to file it in as soon as practicable.
About Infrax Systems, Inc.
Infrax Systems, Inc. is focused on acquiring assets and companies in the real estate sector, including housing development, construction, remodeling, and financing. The Company also provides products and services that address the various challenges faced by Latin American immigrants.
Contact Information:
https://twitter.com/jpineda100
https://www.usstandardcapital.com/
https://www.jpdevelopersoftexas.com/
Shareholder/Investor inquiries for Infrax Systems, Inc.:
Infrax Systems, Inc.
1-888-204-4134
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.
SOURCE: Infrax Systems, Inc.
View the original press release on accesswire.com
FAQ
What is Infrax Systems' (IFXY) planned new name?
When does Infrax Systems (IFXY) expect to acquire JP Developers of Texas?
What is the status of Infrax Systems' (IFXY) audits for fiscal years 2022 and 2023?
When does Infrax Systems (IFXY) plan to become an SEC direct filer?
