Northern Potash Co (NPTH)

[jobynimble]

IRXI trading picking up recently, it seems, from this news 2 weeks ago...


INREEX Provides a Corporate Update

Jun 24, 2008 3:12:00 PM
Copyright Business Wire 2008
VIENNA, Va.--(BUSINESS WIRE)--

INREEX, Inc. (Pink Sheets:IRXI) a real estate prediction exchange that allows investors to trade global real estate prices today provided a corporate update.

On June 23, 2008 INREEX entered into a definitive agreement with ARBAT FARM OOO a junior resource company based in Russia that plans to identify and acquire potash and phosphate properties in the former Soviet Union.

Pursuant to the agreement INREEX, Inc. will acquire ARBAT FARM OOO for 15,000,000 newly issued shares and will cancel 35,000,000 shares held by previous management. Further to the agreement the INREEX prediction exchange assets and technology will be spun out to previous management in return for their cancellation of the 35,000,000 shares. Following the transaction INREEX, Inc. will apply for a name change to better reflect the company's new direction and will appoint Mr. Boris Shore as the new CEO of the Company.

At the close of the transaction INREEX, Inc. will have 25,790,000 shares outstanding, a reduction of 20,000,000 shares.

About INREEX, Inc.

The INREEX (Pink Sheets:IRXI) is a real estate prediction exchange that lets investors take advantage of fluctuations in the real estate market, without having to buy real property. With INREEX investors can experience the same excitement and liquidity of the stock market, while securing the benefits of real estate investing. The exchange is powered by peer to peer technology allowing for transparent and efficient trading 24/7 from virtually anywhere in the world. Ultimately the INREEX could protect homeowners from a potential housing decline or just allow for efficient real estate speculation without the need to buy or sell actual real estate.

To learn more about INREEX, Inc. Visit: http://www.inreex.com

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.

Source: INREEX, Inc.



----------------------------------------------
INREEX
Inc.
Paul Rozenberg
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or
Press Inquiries: 877-4-INREEX
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www.inreex.com