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InferX Corp. (fka NFRX)

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Last Post: 8/7/2015 9:36:46 AM - Followers: 21 - Board type: Free - Posts Today: 0

1818 Library Street
Suite 500
Reston, VA 20190
703-956-3561
 
InferX Corporation (OTC BB:IFRX.OB) is a leading data analytics and security risk firm which provides the most advanced technology and screening process available to protect the U.S. The Company has pioneered and commercialized a powerful, proprietary suite of data analytical risk and threat assessment solutions including: 
 
-- Distributed Data Analytics Platform (D2A), used to concurrently
    analyze both structured and unstructured data.
 
-- InferAgent, a technology that accesses, analyzes and performs
    predictive analyses in real-time on multiple, distributed, disparate
    databases;
 
-- InferText, a technology that accesses, analyzes and performs
    predictive analyses on documents, reports, e-mails and other texts;
 
-- InferCluster, a technology that allows users to automatically identify
    data clusters and outliers hidden in large amounts of data;
 
InferX is uniquely capable of delivering secure, real-time privacy preserving intelligence and tactical decision-making support for commercial enterprises and government -- all without the need to move data or the creation of costly data warehouses. 
 
 
 
Last verified by mkt_predictor on 4/15/2009 with transfer agent, and O/S has not changed since late December 2008.
 
Authorized Shares (AS) = 75,000,000
Outstanding Shares (OS) = 17,738,510
 
http://finance.yahoo.com/q/ks?s=IFRX.OB
Float Derivation: Since the OS for IFRX is 13.69M within that Yahoo link above, that leaves a difference of 4.04M from the 17.73M shares verified as the OS by mkt_predictor from the Transfer Agent (TA) on 02 April 2009. For this reason, I think the true float is currently the 6.59 number reflected within that Yahoo link above plus the 4.04M OS difference as a worst case scenario total float shares of 10.63M shares
 
Transfer Agent
Corporate Stock Transfer, Inc.
3200 Cherry Creek Drive South
Denver, CO 80209
1-303-282-4800
 
***Transfer Agent is NOT gagged***
 
IFRX SEC Filings:
http://knobias.10kwizard.com/files.php?alld=ON&sym=ifrx
 
 
 
*******************************************************************************************************************************************************************************************************************
LETTER TO INFERX SHAREHOLDERS

InferX 2.0 (Merger of InferX and The Irus Group)

We announced our intent to merge with The Irus Group to optimize the business and build shareholder value. Since August 2008 we have been working with The Irus Group under an MOU which laid the foundation of working with them as a partner and then specific teaming opportunities in Healthcare and Government sector. The significant synergies and close cooperation between InferX and The Irus Group led to the decision to merge. Irus Group is a top business intelligence and corporate performance management solution provider that works with several major financial services firms and government organizations to turn their data into information and their information into knowledge, which leads to better business decisions. This business objective is similar to the focus of InferX. The Irus Group also has a long history of providing planning and budgeting solutions to financial management at some of the world's largest commercial and government customers which will help InferX 2.0 capitalize on cross selling opportunities for our product suite. The Irus Group's 2008 revenues were approximately $6.0 million, and it is profitable. To comply with SEC rules, its financial statements are being audited by InferX's auditors.

We believe that the clients of the impacted businesses, as well as InferX shareholders, will be in a better position to optimize value as a result of this merger. We will continue to manage our businesses with this principle in mind, and we are focused on delivering results that support InferX 2.0. We made a series of structural changes as we entered in the New Year: integrating our organization structure, bringing new leaders, enhancing capital management, and better aligning our incentive structure to promote sales of products and solutions. We are at a crossroads and making important decisions in 2009 about the company we aspire to be. Altering the mix of businesses that compose InferX was among the most transformational actions taken until now.

As part of InferX 2.0, we adopted a principle that we would only participate in businesses where we either have - or could project - a clear path to a leadership. As a merged entity, we believe we possess those characteristics in our financial businesses; we determined that operating in the Government Sector, Healthcare Sector and Financial Services Sector would allow us to maximize shareholder value. Although our first priority is the integration of The Irus Group, we will continue to consider opportunities to expand our scale and differentiation through acquisition.

Innovation is also a driving force of InferX 2.0. We are grateful to our technical management team and believe that their creativity, innovation and tenacity will produce even greater results in the future. It is our people who continue to make the difference.

As management, we know that our ultimate responsibility is to provide value to clients and strong returns for shareholders. Regardless of near-term share price performance, we are confident that we have taken the actions that should provide attractive returns for our shareholders for many years.

The New InferX

Inside the company we refer to ourselves as "The New InferX" to reflect the many actions we are taking in 2009 and the vast opportunities we believe await us. We have lot of work ahead of us and once the complete integration has taken place and reporting is done for Q2 2009, we will be able to share forward looking pro-forma projections of The New InferX with our shareholders. We have a low capital business model which we believe will deliver attractive earnings, operating margins and cash flow.

We enter 2009 with what we believe will make us the leading provider of next generation business intelligence and predictive analytics solutions for the broad financial services industry. We offer a variety of leading solutions in healthcare fraud, financial services risk management and complex intelligence analysis in the government sector. Our goal is to not only deliver the products that we have today, but to increase integration and innovation so that we can provide even more client value in the future. That is the essence of The New InferX.

We envision The New InferX playing a larger role with increased focus on the end-users of our technology. We are increasing our thought leadership and product innovation to ensure that InferX clients are the beneficiaries of the best technology solutions available.

We believe that our shareholders will benefit from a strong focus on profitable growth during 2009. We are developing a new business model that focuses on recurring revenue and that is based on achieving profitability. We expect to extend our broad operating competencies across an enterprise to enhance the results from licensing our software suite and to generate cash flow that will be managed with the goal of optimizing shareholder value.

B.K.Gogia
Chairman of the Board

 

*******************************************************************************************************************************************************************************************************************

 

Inferx to enact a reverse merger with Irus Group as announced in their 3/18/09 8K filing.
 
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6487391
 
http://www.irusgroup.com/index.asp
 
Item 1.01   Entry Into a Material Definitive Agreement
 
On March 16, 2009 the Registrant (“InferX”) entered into an agreement and plan of reorganization (the “Merger Agreement”) with The Irus Group, Inc. under which it intends to effect a reverse triangular merger between The Irus Group, Inc. and InferX’s wholly-owned subsidiary, Irus Acquisition Corp.

 
Under the terms of the Merger Agreement, the issued and outstanding shares of The Irus Group common stock will be automatically converted into the right to receive 70% of the issued and outstanding shares of InferX common stock.
 
The Merger Agreement also provides that, at the effective time of the Merger, the InferX board of directors agrees to appoint Vijay Suri, President and CEO of InferX and to have Vijay Suri fill a vacancy on its Board of Directors.  In addition, effectiveness of the Merger Agreement is conditioned upon (i) InferX restructuring existing debt by converting the existing debt and warrants to common stock with the intention of having no more than 57-60 million shares of its common stock outstanding prior to effecting a reverse split of not less than 1:10, (ii) InferX using its best efforts to reduce its accounts payable by 70%, (iii) Vijay Suri, President and CEO of The Irus Group, executing an employment agreement with InferX and (iv) additional customary closing conditions relating to the delivery of financial statements, closing certificates as to representations and warranties, and the delivery of any required consents or government approvals.  The merger is expected to be completed by June 30, 2009.
 
The preceding description of the Merger Agreement is only a summary and is qualified in its entirety by reference to the Merger Agreement, which is attached hereto as Exhibit 10.1 and incorporated by reference.
 
Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
Concurrently with the merger as described in Item 1.01, Vijay Suri shall have executed an employment agreement with InferX.  Mr. Suri’s employment agreement is expected to provide for a five year term, an annual base salary of not less than $180,000, the issuance of 1,000,000 shares of InferX’s preferred stock with each preferred share having voting rights along with holders of InferX’s shares of common stock equal to 100 votes per share, eligibility for an annual bonus and equity awards, and other customary benefits, including reimbursement for health and welfare benefits and business expenses.  In addition, the InferX board of directors agrees to take all necessary actions to nominate Vijay Suri to its board of directors.
 
Item 8.01   Other Events
 
Over the past several months, InferX and The Irus Group have established a business relationship together in a number of different areas such as health care, fraud detection, business intelligence solutions and performance management services through teaming agreements and a memorandum of understanding. Under these collaborative arrangements, such combined services have been expanded to government agencies and private commercial firms.
 
****************************************************************************************************************************************
 
•  InferX Appoints Roman Kyzyk Director Business Development for Financial Services and Insurance Sectors
Marketwire (Mon, Oct 20) 
http://biz.yahoo.com/iw/081020/0444162.html
 
   InferX Corporation Approved as Subcontractor on U.S. Navy SeaPort-e Contract
Marketwire (Tue, Oct 7) 
http://biz.yahoo.com/iw/081007/0440802.html
 
• INFERX CORP Financials
EDGAR Online Financials (Wed, Aug 27) 
http://finance.yahoo.com/q/is?s=ifrx.ob
 
• INFERX CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
EDGAR Online (Thu, Jul 31) 
http://biz.yahoo.com/e/080731/ifrx.ob8-k.html
 
  InferX Corporation Receives Approval for Its Patent Application on Knowledge Inferencing and Data Visualization Method and System
Marketwire (Tue, Jul 8) 
http://biz.yahoo.com/iw/080708/0413865.html
 
   InferX Corporation Awarded Patent for Distributed Data Mining and Compression Method and System
Marketwire (Wed, Jan 2) 
http://biz.yahoo.com/iw/080102/0343106.html
 
  InferX, Provider of Privacy-Preserving, Real-Time Data Analytics, Announces Contract With Department of Veterans Affairs
Marketwire (Mon, Dec 31) 
http://biz.yahoo.com/iw/071231/0343097.html
 
• InferX, Provider of Privacy Preserving, Real-Time Data Analytics, Common Shares Begin Trading Under Symbol "IFRX"
Marketwire (Wed, Dec 5) 
http://biz.yahoo.com/iw/071205/0336336.html
 
 
 
  
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PostSubject
#2266   NFRX revoked: Renee 08/07/15 09:36:46 AM
#2265   You warned them, and now the end is near. integral 05/12/15 10:31:57 AM
#2264   NFRX SEC Suspension for delinquent Financials / Filings: Renee 05/12/15 09:33:03 AM
#2263   NFRX is severely delinquent in filing their Financials Renee 02/22/15 01:07:18 PM
#2262   This stock is a scam. Looks like a EmptyBones 08/28/14 09:13:24 AM
#2261   There Was Huge Bid Support Today ~ Big stock1ace1 08/22/14 09:43:31 PM
#2260   Something Is Happening Broke 50Ma Line ~ Next stock1ace1 08/22/14 09:08:44 PM
#2259   Talked to the supposedly new CEO MICHEAL daytime 08/22/14 06:53:24 PM
#2258   (( CHART )) stock1ace1 08/20/14 09:03:47 PM
#2257   Scottrade Say's 20.7M Float. Dont No If That stock1ace1 08/20/14 06:52:00 PM
#2256   What is float penny-whipped 06/09/14 04:01:54 PM
#2255   InferX Corporation Announces Alliance Agreement Packman43 08/06/13 11:09:58 AM
#2254   NFRX files 10Q Packman43 08/06/13 11:06:39 AM
#2253   WOW. first news in a while and common_cents 07/22/13 07:14:49 AM
#2252   this stock has been dropping for 2 years,,,,still doinit 05/21/13 07:33:55 PM
#2251   missed the last few trades...NFRX low volume take down? homey_g 05/21/13 03:53:41 PM
#2250   7s up on the NFRX ask... homey_g 05/21/13 02:58:36 PM
#2249   You are welcome... homey_g 05/21/13 02:57:54 PM
#2248   Thanks I wanted to see that. QUICK Money Hedge Starz 05/21/13 02:34:31 PM
#2247   1pm NFRX L2...Ask moved UP! homey_g 05/21/13 01:06:01 PM
#2246   Lunctime NFRX L2 homey_g 05/21/13 12:10:49 PM
#2245   NFRX is definitely holding up well! homey_g 05/21/13 11:39:01 AM
#2244   NFRX continues to hold up well adding 26% langlui 05/21/13 11:20:39 AM
#2243   NFRX: 402k volume and up 26% so far today! homey_g 05/21/13 10:45:09 AM
#2242   No doubt that they will WORK on stuff homey_g 05/21/13 10:34:54 AM
#2241   Best volume on this chart here! This is Penny Roger$ 05/21/13 10:31:33 AM
#2240   Always nice to see early morning news pops! Penny Roger$ 05/21/13 10:27:41 AM
#2239   The new appointments come with many years of Penny Roger$ 05/21/13 10:27:32 AM
#2238   I have been watching it as closely as homey_g 05/21/13 10:20:44 AM
#2237   NFRX +26.80% now with a very good tight langlui 05/21/13 10:19:19 AM
#2236   DAMN...that NFRX chart is WICKED! homey_g 05/21/13 10:18:47 AM
#2235   Nice spike today! Strong gainer today! Penny Roger$ 05/21/13 10:14:43 AM
#2234   The CHART IS CRUSHING ALL MAJOR SMA's and Hedge Starz 05/21/13 10:11:14 AM
#2233   Where are you getting the Revenue figures for Hedge Starz 05/21/13 10:09:24 AM
#2232   oh it can be tighter for sure. $NFRX Hedge Starz 05/21/13 10:08:13 AM
#2231   Guess I missed HOD...@ 0.07, darn work! LOL! homey_g 05/21/13 10:06:35 AM
#2230   NFRX L2...looking GREAT! HOD too! homey_g 05/21/13 10:05:36 AM
#2229   Very interesting NFRX information! homey_g 05/21/13 10:04:07 AM
#2228   Nice tight bid x ask action for $NFRX Hedge Starz 05/21/13 10:03:37 AM
#2227   HOW LONG does that typically take? Wondering what Hedge Starz 05/21/13 10:00:32 AM
#2226   Just moving huge today! Nice lift off! Penny Roger$ 05/21/13 09:55:16 AM
#2225   NFRX InferText langlui 05/21/13 09:50:37 AM
#2224   NFRX is waking up ! look +40%! langlui 05/21/13 09:46:57 AM
#2223   Deployment of InferX technology is typically accomplished in langlui 05/21/13 09:46:55 AM
#2222   And...the NFRX volume and PRICE are rockin' this homey_g 05/21/13 09:46:23 AM
#2221   NFRX L2... homey_g 05/21/13 09:45:24 AM
#2220   They are VERY quiet! Maybe NFRX is homey_g 05/21/13 09:43:47 AM
#2219   Nice array of NFRX products! homey_g 05/21/13 09:43:09 AM
#2218   NFRX $0.06 x $0.07, $0.07 is falling soon here! langlui 05/21/13 09:42:06 AM
#2217   NFRX +40% out of the gate here!! bullishness langlui 05/21/13 09:41:46 AM
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