Infrax Systems Inc (IFXY)

[~BC~]

IFXY – A Multi-Million $$$ Company - DD SUMMARY



Fully Reporting OTC:BB Currently trading at .008

http://sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001380277
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IFXY Share Structure:

Per Company Website:
Shares Outstanding 2,865M
Float 67M
Insider Ownership (including Restricted & Control Person) 2,798M
http://infraxinc.com/about-us/investor-relations/

2.8B held by Company Management and restricted for a year followed by lock up and leak out terms.
Verifiable per the latest 10-K.
http://sec.gov/Archives/edgar/data/1380277/000107997410000514/infrax10k63010_92710.htm

Current O/S 2,798M
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750,000,000 - Trimax Shares Converted from Preferred (Restricted and acquired through the acquisition)
1,921,136,134 - Shares Owned by Sam Talari (Restricted)
955,275 - Shares Owned by Cristino Perez (Restricted)
126,060,000 - Shares Owned by Paul J. Aiello (Restricted)
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Float = 67M

Director Sam Talari converted almost 2B shares to common (restricted) through his Co. NeuWorld Communications. This was done to retain control of the Infrax following the Trimax acquisition in which Trimax received 750M shares (also restricted). Otherwise the deal would have been a reverse merger, rather than an acquisition.
Shares are restricted for a period of one year and no more than 1% per month can be sold for an 18 month period thereafter.
See Annual Report news release and the actual agreement filed with the SEC for details on the restrictions and ‘Lock Up and Leak Out’ agreement:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54946303
http://sec.gov/Archives/edgar/data/1380277/000107997410000361/infrax8kex103_7212010.htm
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About the Company:

Infrax Systems is a leading innovator in the areas of:

• Smart Grid Energy Products
• Wireless Broadband Communications Platforms
• Security Technologies

Our products enable a comprehensive and unified solution for security, communications, and applications management for:

• Utility Companies
• Network Operators
• ISP’s
• Integrators
• Government
• Military

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Company Web Sites:

Newly Redesigned Web Site as of 9/20/10:
http://www.infraxinc.com/

Old Site:
http://www.opticonsystemsinc.com/index.html

Other Sites:
http://www.powerconsystems.com/about.html
http://www.trimaxwireless.com/

IFXY Now has $1.2M in revenue already reported through June 2010, with up to $4.8M more projected for the remainder of they fiscal year.

This past year Infrax has become a whole new company with a new CEO that has held VP positions with Wiltel and Progress Telecom.
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Most Recent News:

Former White House Director of Cyber-Security Policy Appointed to Infrax Systems (IFXY) Board of Advisors
http://ih.advfn.com/p.php?pid=nmona&article=44658179&symbol=IFXY

Infrax Systems (IFXY) Releases Annual Report
http://ih.advfn.com/p.php?pid=nmona&article=44575478&symbol=IFXY

8-K 9/21/10 - $7.1M in Assets, $1.2M in Revenue Reported:
http://sec.gov/Archives/edgar/data/1380277/000107997410000497/infrax8k_9212010.htm



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Infrax Systems (IFXY) Releases Annual Report
Date : 09/29/2010 @ 8:00AM
Source : MarketWire
Stock : Infrax Systems, Inc. (IFXY)
Quote : 0.017 0.0 (0.00%) @ 8:58AM

10-K PR:

Infrax Systems, Inc. (OTCBB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, announced the release of their Annual Report for the period ending June 30, 2010. The report on Form 10K as filed with the Securities and Exchange Commission is also posted in the Investor Relations section on the Company's website http://infraxinc.com/about-us/investor-relations. This year's annual report filing also contains composite schedules and footnotes reflecting the positive impact of the acquisition of Trimax Wireless, which was completed on June 29, 2009.

"Infrax Systems is pleased with the progress achieved during a difficult global market period. On an unaudited consolidated basis with Trimax, as previously stated in our 8K filing, the revenues in the period increased by over 10,000% to over $1.16 million if the companies would have been consolidated for the full year. At the same time, total liabilities and stockholder equity increased from $206 thousand to over $7.1 million, presenting a 3500% increase," states Paul J. Aiello, President & CEO, Infrax Systems, Inc.

"Based on our projections, we believe that we will achieve the $6 million dollars in revenue forecasted for the year ending June 30, 2011."

During the period, the Company strengthened its management team, enhanced its product portfolio, and issued a dividend in the form of common shares in Future World Energy (valued at $600K on 9/28/10), an emerging alternative energy company. We will continue to focus on execution, invest in our future and work diligently to increase value for our shareholders.

The Company has recently begun a new marketing campaign aimed at the Utility sector, including the launch of a new website, and development of branded collateral. The Company also made significant progress on the development of its secure networking products for the smart grid, including the finalization of the hardware design for its Secure Network Interface Card (SNIC) and the launch of the UMAX series of wireless backhaul products for substation and distribution automation.

Additionally, the share structure of the Company also changed with the acquisition of Trimax Wireless, Inc. As previously reported, a significant number of Preferred Shares were issued as part of the acquisition and a majority of these Preferred Shares have been converted to Common. These shares are subject to a restriction period per both Rule 144 and the previously announced Lock Up and Leak Out Agreement for both management and shareholders involved with the acquisition. Per the Lock Up and Leak Out Agreement, shareholders must wait a minimum of 12 months before selling any shares and thereafter are limited to 1% monthly.

"Looking ahead towards the balance of the fiscal year, we will continue to focus on securing the energy grid. We believe that security is a vital component and a critical element to ensuring complete Smart Grid performance," added Aiello. "Our products will continue to evolve in the months ahead and we are looking forward to continuing our progress towards being seen as the comprehensive communications and management solutions provider for global Smart Grid applications."

http://finance.yahoo.com/news/Infrax-Systems-IFXY-Releases-iw-195104171.html
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Misc Due Diligence

2) From tho 10-K: http://sec.gov/Archives/edgar/data/1380277/000107997410000514/infrax10k63010_92710.htm

Contracts and Agreements

In July 2010, we signed an agreement with Tampa Electric Company (TECO) to provide a wireless network interconnecting multiple substation facilities.

TECO (Tampa Electric) is a MULTI-BILLION$$ company.
$1.8 Billion Dollars reported on their last 10-Q for the 6 months ending June 30.

Read yourself: http://phx.corporate-ir.net/phoenix.zhtml?c=101578&p=irol-sec

TECO trades on the NYSE (symbol TE) at about $17.00 a share currently.

This Contract is in the 10-K But has not been announced in a news release yet. The Co. is working on getting authorization from TECO.

In August 2010, we received an order from USKS to deliver and install the next phase of the wireless network in Abuja, Nigeria. This phase will include WiMax/LTE capability.

Previous PR:
http://ih.advfn.com/p.php?pid=nmona&article=43494769&symbol=IFXY
This is a $60M Project.

Recent Infrax News Releases and Filings
http://ih.advfn.com/p.php?pid=news&symbol=IFXY
IFXY IBOX
http://investorshub.advfn.com/boards/board.aspx?board_id=12814
Email Response From Infrax CEO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52566277&txt2find=platform
Some History
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54723736
Infrax System Headlines – Year-to-Date
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54787386
Open Letter to INFRAX Systems (IFXY) Shareholders
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54581625
Float Lock Down Comparison
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54719940
58,721% Revenue Increase compared to last reported 10-Q revenue
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54694745
CEO / Level 3 Connection?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54658994
Trimax Wireless Product Brochures
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54525546
Infrax Products For The Utility Smart Grid
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54295714
CNN – Securing the Smart-Grid Video
http://www.infraxinc.com/resources/cnn-video/
Infrax Opticon Developed by Corning (Video)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54226037
Opticon Net Manager Licensing
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54432215
Trimax Flickr Photos
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54281215

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