IYXI Inyx Inc (CE)

Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Inyx, Inc. ("Inyx" or the "Company") (PINKSHEETS: IYXI) between March 31, 2005 and July 2, 2007, inclusive (the "Class Period").

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than October 20, 2008 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You may contact Brower Piven (through hoffman@browerpiven.com or 410/986-0036) to answer any questions you may have in that regard.

The complaint alleges that during the Class Period the Company, and certain of its officers and/or directors, violated federal securities laws (under the Securities Exchange Act of 1934) by issuing various materially false and misleading statements that had the effect of artificially inflating the market price of the Company's securities and causing Class members to overpay for the securities including that the Company materially overstated its assets and revenues by creating invoices were created before the items were billable and had not actually been issued to customers and as a result, the Company's financial statements were not prepared in accordance with Generally Accepted Accounting Principles and were materially false and misleading. The complaint also alleges that on July 2, 2007, after publication of a report that Inyx had filed for Chapter 11 protection, the price of Inyx common stock declined substantially.

If you have suffered a net loss for all transactions in Inyx, Inc. common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven (without obligation or cost to you) at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience in securities and class action litigation of over 40 years. If you choose to retain counsel, you may retain Brower Piven, or you may retain other counsel of your choice. You need not take any action at this time to be a member of the class.

CONTACT: Charles J. Piven Brower Piven, A Professional Corporation Baltimore, Maryland 410/986-0036 Email Contact