Infrax Systems, Inc (OTC: IFXY) / US Standard Capital Completes Acquisition of Cornerstone Rock LLC
Infrax Systems (OTC: IFXY) has completed the acquisition of Cornerstone Rock , a Houston-based residential construction company. This acquisition combines Cornerstone Rock's construction and remodeling capabilities with JP Developers of Texas's real estate investment expertise under the Infrax/US Standard Capital umbrella. The company has completed audits for 2022-2023 and is working on its 2024 fiscal year audit. Once completed, they plan to file an S-1 registration statement with the SEC. The company is temporarily pausing further acquisitions until the S-1 becomes effective and plans to request a name and ticker symbol change to US Standard Capital.
Infrax Systems (OTC: IFXY) ha completato l'acquisizione di Cornerstone Rock, un'azienda di costruzioni residenziali con sede a Houston. Questa acquisizione unisce le capacità di costruzione e rimodernamento di Cornerstone Rock con l'esperienza negli investimenti immobiliari di JP Developers of Texas sotto l'ombrello di Infrax/US Standard Capital. L'azienda ha completato le verifiche per il 2022-2023 e sta lavorando alla verifica dell'anno fiscale 2024. Una volta completata, pianificano di presentare una dichiarazione di registrazione S-1 presso la SEC. L'azienda sta temporaneamente sospendendo ulteriori acquisizioni fino a quando l'S-1 non diventi efficace e prevede di richiedere un cambiamento del nome e del simbolo di borsa in US Standard Capital.
Infrax Systems (OTC: IFXY) ha completado la adquisición de Cornerstone Rock, una empresa de construcción residencial con sede en Houston. Esta adquisición combina las capacidades de construcción y remodelación de Cornerstone Rock con la experiencia en inversiones inmobiliarias de JP Developers de Texas bajo el paraguas de Infrax/US Standard Capital. La empresa ha completado las auditorías para 2022-2023 y está trabajando en la auditoría del año fiscal 2024. Una vez completadas, planean presentar una declaración de registro S-1 ante la SEC. La empresa está pausando temporalmente más adquisiciones hasta que el S-1 entre en vigencia y planea solicitar un cambio de nombre y símbolo de cotización a US Standard Capital.
Infrax Systems (OTC: IFXY)는 휴스턴에 본사를 둔 주택 건설 회사인 Cornerstone Rock을 인수 완료했습니다. 이 인수는 Cornerstone Rock의 건설 및 개조 역량을 Infrax/US Standard Capital의 우산 아래 JP Developers of Texas의 부동산 투자 전문성과 결합합니다. 이 회사는 2022-2023 회계 연도 감사 보고서를 완료했으며 2024 회계 연도 감사 작업을 진행 중입니다. 완료되면 SEC에 S-1 등록 신고서를 제출할 계획입니다. 회사는 S-1이 효력이 발생할 때까지 추가 인수를 일시적으로 중단할 것이며, US Standard Capital로의 이름 및 주식 기호 변경을 요청할 계획입니다.
Infrax Systems (OTC: IFXY) a finalisé l'acquisition de Cornerstone Rock, une entreprise de construction résidentielle basée à Houston. Cette acquisition combine les capacités de construction et de rénovation de Cornerstone Rock avec l'expertise en investissement immobilier de JP Developers of Texas sous l'égide d'Infrax/US Standard Capital. L'entreprise a terminé les audits pour 2022-2023 et travaille sur l'audit de l'exercice fiscal 2024. Une fois terminé, elle prévoit de déposer une déclaration d'enregistrement S-1 auprès de la SEC. L'entreprise suspend temporairement d'autres acquisitions jusqu'à ce que le S-1 devienne effectif et prévoit de demander un changement de nom et de symbole boursier en US Standard Capital.
Infrax Systems (OTC: IFXY) hat die Übernahme von Cornerstone Rock, einem in Houston ansässigen Wohnbauunternehmen, abgeschlossen. Diese Übernahme vereint die Bau- und Renovierungsfähigkeiten von Cornerstone Rock mit der Expertise in Immobilieninvestitionen von JP Developers of Texas unter dem Dach von Infrax/US Standard Capital. Das Unternehmen hat die Prüfungen für 2022-2023 abgeschlossen und arbeitet an der Prüfung für das Geschäftsjahr 2024. Nach Abschluss planen sie, eine S-1-Registrierungserklärung bei der SEC einzureichen. Das Unternehmen pausiert vorübergehend weitere Übernahmen, bis die S-1 wirksam wird, und plant, eine Namens- und Tickersymboländerung in US Standard Capital zu beantragen.
- Strategic acquisition of Cornerstone Rock expanding into residential construction
- Successful completion of 2022-2023 audits
- Progress towards S-1 registration statement filing
- Integration of complementary business capabilities between Cornerstone Rock and JP Developers
- Temporary pause in acquisition activities affecting growth momentum
- Pending completion of 2024 audit causing delays in S-1 filing
HOUSTON, TX / ACCESSWIRE / November 25, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) dba US Standard Capital (the "Company") announced today that it has completed its acquisition of Cornerstone Rock LLC, a Houston-based residential construction company specializing in home remodeling renovations and new construction projects. The acquisition brings together the construction and remodeling capabilities of Cornerstone Rock and the real estate investment capabilities of the previously acquired JP Developers of Texas under the Infrax / US Standard Capital name.
As previously reported, the Company has completed the audits for 2022 and 2023 and is currently working on its audit for its 2024 fiscal year that ended on June 30, 2024. The Company is concurrently working with its attorneys to prepare the text of its S-1 registration statement and plans to file it with the SEC once the 2024 audit is complete.
The Company will now pause its acquisition activity to complete the 2024 audit of the combined entities so it can file its S-1 registration statement as soon as possible. The Company has identified several other potential acquisition targets and will revisit the viability of these acquisitions once the S-1 is effective. The Company also plans to file a name and ticker symbol change request with FINRA to officially change the Company's name to US Standard Capital at that time.
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 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/
https://www.cornerstonehtx.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.
Contact Information
Jose Pineda
CEO
jose@usstandardcapital.com
786-583-6642
SOURCE: Infrax Systems, Inc.
View the original press release on accesswire.com
FAQ
What company did IFXY acquire in November 2024?
What are IFXY's plans regarding its S-1 registration statement?
Why is IFXY pausing its acquisition activities?
What changes is IFXY planning regarding its company name and ticker?
