Infrax Systems, Inc (OTC:IFXY) / US Standard Capital Provides Shareholder Update
Infrax Systems (OTC:IFXY) has provided a shareholder update on its recent activities and near-term plans. The company has completed its move to new corporate offices in Houston, TX, and relocated JP Developers of Texas to the same space. IFXY plans to acquire JP Developers of Texas once their 2022 and 2023 audits are complete, which is expected in the next few weeks. The company has identified four other potential acquisition targets in the real estate and construction markets.
IFXY has engaged an attorney to prepare an S-1 registration statement and plans to change its name to US Standard Capital, Inc. The company is currently doing business under this name and has launched a new website. President Jose Pineda stated that these efforts are laying a solid foundation for future growth.
Infrax Systems (OTC:IFXY) ha fornito un aggiornamento agli azionisti sulle sue recenti attività e piani a breve termine. L'azienda ha completato il trasferimento nei nuovi uffici aziendali a Houston, TX e ha trasferito JP Developers of Texas nello stesso spazio. IFXY intende acquisire JP Developers of Texas una volta completati i loro audit del 2022 e 2023, previsto nelle prossime settimane. L'azienda ha identificato altri quattro potenziali obiettivi di acquisizione nei mercati immobiliare e delle costruzioni.
IFXY ha ingaggiato un avvocato per preparare una dichiarazione di registrazione S-1 e prevede di cambiare nome in US Standard Capital, Inc. L'azienda opera attualmente sotto questo nome e ha lanciato un nuovo sito web. Il presidente Jose Pineda ha dichiarato che questi sforzi stanno gettando una solida base per la crescita futura.
Infrax Systems (OTC:IFXY) ha proporcionado una actualización a los accionistas sobre sus actividades recientes y planes a corto plazo. La compañía ha completado su mudanza a nuevas oficinas corporativas en Houston, TX, y ha reubicado a JP Developers of Texas en el mismo espacio. IFXY planea adquirir JP Developers of Texas una vez que se completen sus auditorías de 2022 y 2023, lo cual se espera en las próximas semanas. La empresa ha identificado cuatro objetivos de adquisición potenciales en los mercados inmobiliarios y de construcción.
IFXY ha contratado a un abogado para preparar una declaración de registro S-1 y planea cambiar su nombre a US Standard Capital, Inc. Actualmente, la empresa está haciendo negocios bajo este nombre y ha lanzado un nuevo sitio web. El presidente Jose Pineda declaró que estos esfuerzos están sentando una base sólida para el crecimiento futuro.
Infrax Systems (OTC:IFXY)는 최근 활동 및 단기 계획에 대한 주주 업데이트를 제공하였습니다. 회사는 텍사스 주 휴스턴의 새로운 회사 사무소로 이전을 완료하였습니다 그리고 JP Developers of Texas도 같은 공간으로 이전하였습니다. IFXY는 2022년 및 2023년 감사가 완료된 후 JP Developers of Texas를 인수할 계획입니다, 이는 다음 몇 주 내에 완료될 것으로 예상됩니다. 회사는 부동산 및 건설 시장에서 다른 네 개의 잠재적 인수 대상을 확인하였습니다.
IFXY는 S-1 등록 명세서를 준비하기 위해 변호사를 고용하였습니다 그리고 이름을 US Standard Capital, Inc.로 변경할 계획입니다. 현재 회사는 이 이름으로 사업을 운영하고 있으며 새로운 웹사이트를 론칭하였습니다. 사장인 Jose Pineda는 이러한 노력이 미래 성장의 견고한 토대를 마련하고 있다고 말했습니다.
Infrax Systems (OTC:IFXY) a fourni une mise à jour aux actionnaires concernant ses activités récentes et ses projets à court terme. L'entreprise a achevé son déménagement dans de nouveaux bureaux corporatifs à Houston, TX, et a relocalisé JP Developers of Texas dans le même espace. IFXY prévoit d'acquérir JP Developers of Texas une fois leurs audits de 2022 et 2023 terminés, ce qui est attendu dans les prochaines semaines. La société a identifié quatre autres cibles potentielles d'acquisition sur les marchés de l'immobilier et de la construction.
IFXY a engagé un avocat pour préparer une déclaration d'enregistrement S-1 et prévoit de changer son nom en US Standard Capital, Inc. L'entreprise opère actuellement sous ce nom et a lancé un nouveau site web. Le président Jose Pineda a déclaré que ces efforts jettent une base solide pour la croissance future.
Infrax Systems (OTC:IFXY) hat ein Update für die Aktionäre zu seinen jüngsten Aktivitäten und kurzfristigen Plänen bereitgestellt. Das Unternehmen hat den Umzug in neue Büroräume in Houston, TX abgeschlossen und JP Developers of Texas in den gleichen Raum verlegt. IFXY plant, JP Developers of Texas zu übernehmen, sobald deren Prüfungen für 2022 und 2023 abgeschlossen sind, was in den nächsten Wochen erwartet wird. Das Unternehmen hat vier weitere potenzielle Übernahmeziele im Immobilien- und Bausektor identifiziert.
IFXY hat einen Anwalt beauftragt, um eine S-1-Registrierungsbescheinigung vorzubereiten und plant, den Namen in US Standard Capital, Inc. zu ändern. Das Unternehmen tätigt derzeit Geschäfte unter diesem Namen und hat eine neue Website gestartet. Präsident Jose Pineda erklärte, dass diese Anstrengungen eine solide Grundlage für zukünftiges Wachstum legen.
- Completed move to new corporate offices in Houston, TX
- Plans to acquire JP Developers of Texas upon completion of 2022 and 2023 audits
- Identified four potential acquisition targets in real estate and construction markets
- Engaged attorney to prepare S-1 registration statement
- Plans to change company name to US Standard Capital, Inc.
- Launched new website at www.usstandardcapital.com
- Audits for 2022 and 2023 still pending completion
- Name change application with FINRA delayed until S-1 becomes effective
Audit Status, New Location, Acquisition of JP Developers of Texas
HOUSTON, TX / ACCESSWIRE / September 10, 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.
The Company has completed its move into its new corporate offices at 5210 Woodway in Houston, TX. The Company has also relocated JP Developers of Texas to our new office space. As previously disclosed, the Company plans to acquire JP Developers of Texas (www.jpdevelopersoftexas.com) as soon as our 2022 and 2023 audits are complete.
The Company has submitted responses to its auditors for all outstanding items requested for the fiscal year 2022 and 2023 audits, so we expect them to be completed in the next few weeks. We will then immediately move forward with an audit of our fiscal year 2024 which ended on June 30, 2024.
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.
The Company has paid a retainer to engage an attorney to assist with the preparation of an S-1 registration statement. We are currently compiling the diligence items required for the filing, and we will include the necessary financial information once the 2024 audit is complete.
The Company plans to change its name to US Standard Capital, Inc. The Company has filed a dba and is currently doing business as US Standard Capital. Our attorneys have recommended that we wait to file the name change application with FINRA until our S-1 becomes effective to avoid having too many moving parts during the review process. The Company has launched a new web site at www.usstandardcapital.com.
Mr. Jose Pineda, President of the Company, stated, "We continue to push forward with the items discussed in our previous release that are necessary to become a direct filer. It is tedious, time-consuming work, but it is well worth the effort as we are laying a solid foundation for future growth. The pace of our progress should increase significantly once we are through this stage of our corporate development. I am looking forward to sharing all our plans with our shareholders as soon as we are able."
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 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://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
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