CEO's Open Letter to Infrax Systems (IFXY) Shareholders
June 04 2013 - 7:00AM
Infrax Systems, Inc., (OTC.BB: IFXY), a global provider of Smart
Grid-related products and services for the Energy and Utility
industries, today issued the following letter to our shareholders
from our Chairman & Acting CEO Sam Talari:
Dear Fellow Shareholders,
As an acting CEO of Infrax Systems, I would like to update all
of our shareholders on our current business events;
1- Infrax System is proud to
announce that it was chosen to participate in a RFP for a Pilot
project showcasing its Smart Grid technology for (a potential of)
thousands of utility's customers. This Pilot project, if won, will
be Company's first ever project promoting our superior Smart Grid
technology to the utilities around the globe. We expect rapid
expansion of sales and marketing efforts to start after the
completion of the Pilot project.
With close to $2 trillion at stake, growing peak demand and
ageing electrical grid taunting the global markets, there is a rush
around the globe, by Companies such as Infrax, to move the
antiquated power industry into the 21 century. As a public Company,
our responsibilty to our shareholders is to acquire revenue and
taking a chunk of the $2 trillion market, but our foremost struggle
will always be to secure our national infrastructures, hence
securing our country from insidious forces.
2- The board of directors of Infrax
Systems is considering special class Convertible Preferred Stock as
dividend to its shareholders to honor and reward their investment
in the Company. The considered Convertible Preferred Stock will
have the following designations: 1) Non-Dilutive, 2) Yearly
Possible Dividend, 3) Registration Rights, 4) and other rights
associated with Preferred Shares. The considered Convertible
Preferred Stock dividend will assure all the shareholders of the
Company to be part of its success moving forward. The
considered Convertible Preferred Stock may also protect the
investors from the Common Stock price volatility.
3- Due to important upcoming
events, the management and a majority investor of the Company have
converted majority of their salaries, notes and loans to the
Company into Convertible Preferred Stock. This move by the
management and the investor will dramatically improve the financial
health of the company, specially its balance sheet. It also conveys
management and the investor's confidence in the future of the
Company. The total amount converted into Preferred Stock is
$1,654,000.
In summation, Infrax Systems has taken important steps in
solidifying its presence within the power industry. It has
fulfilled its technological premise by its advances in the smart
Grid technologies and securitizing the power grid through its
"Smart Grid 2.0" development. With new revolutionary products
within the horizon and major partnerships in works, we believe that
the light of our technology will shine our way toward revenue and
profitability starting in 2013.
Thank you
Sam Talari, Acting CEO of Infrax Systems
Opportunity - Smart Grid Evolution - Market
Stats
• $2 trillion - total investment anticipated by all government
entities and utilities to achieve full smart grid penetration
• $480 billion - anticipated cost of smart grid-related upgrades
in the United States alone
• 832 million - estimated number of smart meters that will be
installed by 2020
• $100 billion - estimated revenues associated with the
deployment of global smart meters by 2020
• $90 billion - the investment that China plans to make in smart
grid technology by 2020
About Infrax Systems
Infrax Systems offers a series of interrelated operational
management, communications, and grid security related products and
services known as Secure Intelligent Energy Platform (SIEP). Our
products enable a comprehensive and unified solution for
communications and applications management of the Smart Grid. SIEP™
incorporates a wide array of communications, security, device and
data management tools for Smart Grid applications such as advanced
metering solutions and grid optimization. SIEP platform creates a
unified solution to securely manage Advanced Metering
Infrastructure (AMI) and distribution automation. Infrax's secure
smart grid platform, incorporates a communications transport and
management system, (GridMesh™), device and data security
management, and ultimately secures intelligent endpoint devices
(SIED). The secure management of the "last mile" backhaul will be
necessary for utilities to implement Smart Grid applications
including AMI, real-time pricing, Demand Side Management (DSM),
Distribution Monitoring and Automation. When combined, these
applications can offer economic, operational and environmental
benefits for utilities, and ultimately the utility's customers.
For INFRAX Systems information, contact Investors@Infraxinc.com
or visit www.infraxinc.com.
Forward-Looking Statements
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
CONTACT: Media Contact:
Infrax Systems, Inc.
investors@infraxinc.com
727-498-8514
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