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sell to me please, I think this goes much higher soon enough
not much sellin here
I called a couple days ago, they said a/s 400,000,000 but the o/s was 3,920,645
I love this OLD PR, kinda says it all:
InferX Corporation Completes Merger with The Irus Group
Mon Nov 2, 2009 5:26pm EST
Merged Firm Brings Next Generation Predictive Analytics and Business
Intelligence Solutions to Financial Services, Healthcare, and Government
Markets
STERLING, Va., Nov. 2 /PRNewswire-FirstCall/ -- InferX Corporation (Pink
Sheets: NFRX) today announced that it has completed its merger transaction
with business intelligence consulting and services firm The Irus Group, Inc.
The merged entity will continue to be known as InferX Corporation. Both firms
had signed a Memorandum of Understanding (MOU) in November 2008 to jointly
pursue contract opportunities with government agencies, financial services and
healthcare firms.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091102/PH03698LOGO )
The merger with The Irus Group has already begun to introduce InferX
technology and solutions to a wider base of prospects. Since 1996, The Irus
Group has emerged as a star consulting firm in the planning, implementation
and development of complex Business Intelligence (BI) and Corporate
Performance Management (CPM) solutions. Irus has successfully implemented
projects across a broad cross-section of clients in the Government, Financial
Services, Retail, Manufacturing, and Telecommunications markets. Irus has
provided business solutions for a blue-chip list of clients which includes
MasterCard, JP Morgan Chase, ConAgra, US Navy, US Army, and US Air Force. The
Irus Group had begun introducing InferX solutions to these accounts and many
of its technology partners since the MOU was signed.
"Now that the merger is completed, we look forward to accelerating our
marketing, sales, and product development efforts in order to bring our next
generation solutions to market," said B.K. Gogia, InferX Executive Chairman &
Founder. "We have used the last several months to introduce our solutions to
the Irus Group customer base, which includes Fortune 500 companies with
critical operational requirements, thus providing a new customer base for
InferX solutions. We are very encouraged by the reception to our solutions."
Irus had revenues of $4,707,925 and had an operating loss of $204,146 for the
year ending December 31, 2008. The post-merger consolidated revenue for
InferX from January 1, 2009 through August 31, 2009 was $4,973,172 with net
income of $250,271. Irus is in the middle of several IBM/Cognos TM1
implementations for the US Navy and other federal agencies. In 2010, InferX
expects an increase in revenues and profits due to its new management team and
focused execution strategy on delivering measurable value to its existing Irus
clients and new clients in the market sectors listed below.
Vijay Suri, CEO & Founder at The Irus Group and now CEO of InferX, said,
"This merger is the perfect evolution for The Irus Group based on our
successful legacy in the Business Intelligence and Corporate Performance
Management fields. There is a huge need in the market for Predictive
Analytics solutions that help companies answer critical business questions
about their financial, marketing, sales, and operations processes."
Focused Vertical Marketing Solutions
InferX has domain expertise and brings next generation Predictive Analytics
and Business Intelligence solutions to the following markets:
-- Financial Services: Focusing its resources in data rich sectors of
the
economy where large global companies have diverse data assets, InferX
is
developing specific offerings including: Fraud detection in financial
transactions and bank cards; Advanced Customer Relationship Management
(CRM) and Enterprise Risk Management for the insurance industry
-- Healthcare: Capitalizing on the emerging reforms and modernization of
the American medical system, InferX is developing solutions
specifically
focused on: Hospital Quality Matrix; Revenue and Cost Prediction;
Disease Management and Prediction; Evidence Based Medicine; and
prescription drug analysis for patient safety.
-- Government: InferX plays a leading role in promoting the safety and
security of the nation's assets and its citizens, by empowering law
enforcement, intelligence and military decision makers through the
application of Predictive Analytics. Solutions include: aircraft
safety
analysis, healthcare solutions, and fraud detection on government
programs.
Market Sizing
The Business Intelligence and Predictive Analytics markets are two of the
strongest growth markets in the enterprise software space, as measured by
market research firm IDC. The business analytics market was estimated to be
$19.3 billion in 2007 with a CAGR of 10.3%. The business intelligence market
revenues are estimated to approach nearly $30 billion by 2011.
About InferX Corporation
InferX is the market leader in next generation distributed Predictive
Analytics and Business Intelligence Products and Solutions. InferX has
pioneered and commercialized a powerful, patented suite of advanced data
analytical solutions that improve corporate performance across the enterprise
in the healthcare, financial services, and government markets. InferX is
uniquely capable of delivering secure, real-time, and privacy preserving
intelligence and decision support - all without the need to move data. InferX
is headquartered in Sterling, VA and can be found at www.inferx.com .
SOURCE InferX Corporation
Fred Diamond of InferX Corporation, +1-703-628-6910
should get a 10k soon here, I would think unless there timeline has changed for some reason, could give a much better picture of where this is headed imo could be explosive
sorry, my bad just hunting for information, didn't catch it.
error
Just called transfer agent current OS 3,920,645 if anyone is interested
This Demonstration travels far reaches:
http://www.aviationtoday.com/pressreleases/InferX-Demonstrates-Enhanced-Aircraft-Readiness-to-NAVAIR-Using-Next-Generation-Predictive-Analytics-Technology_66148.html
http://article.wn.com/view/2010/02/20/InferX_Demonstrates_Enhanced_Aircraft_Readiness_to_NAVAIR_Us/
http://archive.wn.com/2010/02/21/1400/asiainnovation/
I wonder if guys like this are still invoved here
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x1622298
Heck of a job Brownie (Michael Brown of FEMA): 'Life after government'
Edited on Mon Aug-20-07 07:03 AM by EV_Ares
Michael Brown, then director of FEMA, with Michael Chertoff, secretary of the Department of Homeland Security, an agency which Brown had earlier that year accused of an "unfocused empire-building'' agenda. The day was Sept. 2, 2005, in Biloxi, Miss., where President Bush told Brown: "Brownie, you're doing a heck of a job.'' Photo by Jim Watson/AFP/Getty Images.
-------------------------------------------------------------------------------------------------------------------------------------
((NOTE: Does everyone who gets fired for incompetence and work for this WH, turn around and get all kinds of contracts with the government on our dollar??))
------------------------------------------------------
by Mark Silva
Michael Brown, the former federal official who bore the brunt of criticism for the government's handling of Hurricane Katrina, has moved on to a new career -- offering disaster relief and data-mining for government agencies and other customers.
One company he represents, InferX, has found work with the Pentagon's Missile Defense Agency, Brown says, and is attempting to sell its services to airlines and agencies that monitor passengers for potential terrorist threats.
Another, Las Vegas-based Noninvasive Medical Technologies, which makes health-care monitors and has a contract with the Air Force for combat-casualty care. Its wireless equipment allows medics to set up triage in the field. "I could have used this in Katrina, in a heartbeat," Brown says.
And Brown is doing work for Atlanta-based Charys Holding Co., whose subsidiaries Cotton Companies and Viasys Services build and restore wireless communications -- cell phone towers, fiber-optic networks and the like. In June, Cotton restored services after flooding in Gainesville, Texas. Bad weather can mean good business for Charys, a FEMA contractor. "2007 is predicted to be a very active hurricane season," its Web site says.
Yet Brown, who resigned under pressure as director of the Federal Emergency Management Agency two weeks after Katrina, has not returned to New Orleans.
((((entire article @ link))))
you may be correct.
getting tighter here .22 x .25 as we could get quarterly numbers anytime now imo
why the hidden bid/ask again this morning? atleast thru etrade
O/S now 13 million plus with shares issued to irus upon merger completion and offering etc. I wonder how many shares are really in play though?
Theres can't be much float here now? This thing could should up like a rocket at any point, no shares to be had IMO.
I think this stock is gonna be huge, it has a lot going for it, short term, long term, any term......I love it hedge funds are starting to buy it, no kidding it's a no brainer, I'm glad someone else besides us can finally see that. Our time is coming soon, IMO
A little interest from someone today.
old, sorry
http://www.bizjournals.com/buffalo/stories/2010/02/15/daily12.html
While officials from Tops Markets LLC continue with their post-acquisition due diligence of the former Penn Traffic Co. holdings, certain aspects of the $85 million deal are coming into focus.
Among them: Tops, on the same day it closed on the Penn Traffic deal, formally acquired two real estate holdings in Onondaga County that are home to P&C Foods supermarkets.
According to public documents, Tops/PT LLC paid nearly $3 million for the Towne Center at Fayetteville plaza, which is anchored by a P&C market, and $387,504 for a stand alone P&C supermarket on E. Genesee Street in DeWitt. Both deals were registered with the Onondaga County Clerk’s Office on Jan. 29.
Tops, last month, acquired 79 Penn Traffic-owned stores in four states. The Amherst-based Tops, the Buffalo Niagara region’s largest supermarket chain, was the sole bidder for the bankrupt Penn Traffic chain. Penn Traffic, which had been headquartered in Syracuse, filed for Chapter 11 protection under the U.S. Bankruptcy Code in November.
With the deal, Tops has doubled the number of stores it owns and is expected to see its annual sales surpass $2 billion.
Looks like we could get a 10Q Quarterly report with some 1st quarter numbers maybe within a week here hopefully, should be interesting to see if there is continued progress.
contracts please!
Does anyone know when the 30 day federal revue will be complete, the date, I believe things may unveil a little after that, has anyone seen that date printed anywhere?
Would be nice to see a PR with some contract news this week, seems logical here
I'm not sure if this news article has been posted already or not, so here it is.
http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201002070933KRTRIB__BUSNEWS_23838-5743M9G6RUBE8V786M4K6985PC¶ms=timestamp||02/07/2010%209:33%20AM%20ET||headline||Tops%20gets%20ready%20for%20the%20next%20act%3A%20President%20outlines%20plans%20for%20integrating%2079%20stores%20into%20existing%20operations%20%5BThe%20Buffalo%20News%2C%20N.Y.%5D||docSource||The%20McClatchy%20Company||provider||ACQUIREMEDIA||realtedsyms||%7CUS%3BPTFC&ticker=PTFC:US
Tops gets ready for the next act: President outlines plans for integrating 79 stores into existing operations [The Buffalo News, N.Y.]
Recent PTFC News
Gillibrand adds voice to Tops issue: Seeks to protect jobs, rural stores [The Buffalo News, N.Y.]
02/05/2010 8:51 PM ET
Tops expects to decide fate of its new stores here next month [The Daily Review, Towanda, Pa.]
02/02/2010 5:38 AM ET
BRIEF: BUSINESS: Tops closes Penn Traffic deal [Lockport Union-Sun and Journal, N.Y.]
01/30/2010 8:12 PM ETFeb. 7--Tops Markets executives figured they accomplished a major feat shifting from being a piece of a global grocery company to an entirely local operation -- embarking on a $150 million capital improvement plan and rebuilding the company's infrastructure, computer and accounting systems from scratch.
It turns out, that was just its opening act.
Just seven months after moving away from a shared services arrangement with its former owner, Ahold, to became a stand-alone company under Morgan Stanley Private Equity, Tops has more than doubled its size with its purchase of bankrupt Penn Traffic's 79-store grocery chain.
And while the bankruptcy case itself was a long and complicated process, now the real work begins for the Williamsville-based grocer.
"We've got to get the stores back to their normal condition before we can start making improvements," said Frank Curci, Tops' president and chief executive officer. "We plan to [renovate] more stores than fewer. We will have to prioritize and decide what will give people faster returns."
Last week, the Williamsville Quality market was bustling. Inside the popular Main Street store, just down the street from Tops' headquarters, employees were taking painstaking inventory of items on shelves and checking expiration dates.
Stock was noticeably thin, with several wide, empty gaps on shelves and in coolers. A large, wooden magazine rack was bare, save for a handful of titles.
An employee said the store was "keeping things light" on the shelves. Standard items, such as milk and bread, which sell quickly, were being replenished often, but even such staples as cheese slices and orange juice were sold out in some categories.
For the rest of the month, the stores are being operated out of Penn Traffic's Syracuse headquarters through a transition services agreement. That means they will continue to run under Penn Traffic ads, promotions and policies. Once the 30-day agreement is up, Tops will take over, bringing Tops' private label brands with it and slowly bringing the stores back to life over a period of three to six months.
Curci acknowledged the importance of quickly filling those current gaps on shelves once Tops gets control of the stores, lest current shoppers start looking elsewhere to fill their needs.
"As you can imagine, these stores have been capital-starved for years," said Curci. "Right now we've got to figure out the condition of the company, then clean up the stores, get them filled with merchandise and [hire more people.]"
In doing that, Curci asked consumers to have patience with the company as it brings some 79 new stores into the Tops fold.
"We can't do everything in one year. Penn Traffic didn't go into bankruptcy overnight, and the stores aren't going to be up to our standards overnight, either," said Curci. "There were smart people running the company, but they were in a position where their hands were tied. It's difficult running a company under bankruptcy. These stores were underinvested in."
That's something Tops plans to change with a "very robust" capital investment plan, the exact budget of which has yet to be decided upon, but which is expected to be in the tens of millions.
First on the list is a series of maintenance repairs that had been neglected during Penn Traffic's capital-starved years. Another major focus is to bring the stores' perishables up to snuff. Once those areas have been stabilized, the company can begin remodeling the locations to look and act more like contemporary Tops stores.
The stores will remain open throughout the changeover, though some 24-hour stores may close briefly overnight for conversion of their computer systems.
Right now, Tops is working feverishly to decide which stores will remain open and which will be sold or closed outright. The company is determining the financial viability of each store, researching the surrounding markets and their ability to support a Tops.
a minute or two ago the bid was .05, then it went to .015, then to .02, then back to .05
now showing .015 funny
.07 on bid now
funny they are not showing these sales on my screen
Got a little piece at .065
81 Boardmarks now
here the pdf transcript from the hearing on Jan. 8th interesting
http://media.syracuse.com/news/other/PennTraffic010810.pdf
66 Boarmarks and counting, looks like this has not even begun yet imo
Whoever picked up the 2 million + shares in November will stand to gain the most if they use this stock to go public I would think, question is who bought all those shares at .10 when all were dumping.
http://buffalo.bizjournals.com/buffalo/stories/2010/02/01/daily49.html?ana=yfcpc
Today
Sen. Kirsten Gillibrand is urging Tops Markets LLC to use caution when it considers which of the 79 Penn Traffic stores will be sold or closed.
The Amherst-based Tops, last week, closed on the oft-discussed deal to purchase the Penn Traffic stores for $85 million. Penn Traffic, which is headquartered in Syracuse, filed for bankruptcy protection in November. Its stores were put out to bid by the U.S. Bankruptcy Court in Wilmington, Del. with Tops submitting the only bid for Penn Traffic’s entire supermarket portfolio.
The catch is, while Tops’ officials, said they will keep most of the Penn Traffic stores, some will likely be sold or closed. Penn Traffic employs 5,700 people through its P&C stores in Central New York, portions of Pennsylvania, Vermont and New Hampshire.
“I want to urge you to protect as many jobs and keep as many stores as possible as the stores switch ownership,” Gillibrand, New York’s junior senator, wrote in a Feb. 4 letter to Frank Curci, Tops president and chief executive officer. “In the release that you put out on Jan. 8, you stated that your goal was ‘..to keep as many jobs and operate as many stores, without interruption in service..’ It is my hope that you stick to that pledge.”
Curci, in an interview with Business First, said the store at most risk at the three in Vermont and New Hampshire.
“We will run a majority of the stores,” Curci said. “We didn’t buy the stores for anything other than to run them.”
Gillibrand said she is concerned that if any of the Penn Traffic stores in rural communities are closed, it could negatively impact those towns and municipalities.
Store closings could severely impact senior citizens in those towns, Gillibrand said.
“Those (seniors) without adequate transportation would be forced to travel great distances to get to another grocery store, creating an extraordinary hardship,” Gillibrand wrote in her letter to Curci. “In many towns, the supermarket is a central hub of the community and I urge you to consider the employees and their families during evaluation of the economic vitality of the 79 stores.”
Curci said all store decisions will be deeply researched. Tops will not be making an knee-jerk decisions.
“There’s only a very small group of stores that may be better served if they were owned by someone else,” Curci said.
Tops will take over the full operation of the Penn Traffic stores in early March. Penn Traffic operates Quality, Bi-Lo and P&C supermarkets.
The Penn Traffic deal will virtually double the number of stores Tops has in its chain and could see its annual revenues increase by more than 17.6 percent. Tops currently owns 71 stores and has five franchised outlets.
The deal could also see Tops add at least 50 new jobs at its Amherst headquarters.
I had to go over the ask to .051 to get filled
It looks as though they are starting to promote a little more here, amping up the news releases in the last 10 days, I think more to come real soon imo.
Old article I found, pretty interesting read.
NFRX undervalued monsterPosted by theMAXX on October 19, 2009 at 1:55pm in Whats next ?
View Discussions
InferX 2.0 (Merger of InferX and The Irus Group) [from March of this year]
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.
The official merger PR is due any day now and we've seen the huge moves that this type of PR has recently triggered in other issues. And those all have much larger trading shares/floats. The market is in the mood for these.
Check the last few PRs: http://finance.yahoo.com/q/h?s=NFRX.PK
Note: The news with KG Information Systems Limited is very interesting.
The last 8K does not reflect the new company formation or future prospects.
STOCK:
NFRX was IFRX and traded much of this year between .008-.024 (prior to the 20:1 r/s) when there was little or no value proposition.
Currently there are 886K public shares out (I confirmed this with transfer agent). Trading float is somewhere around 200-250K imo. So mkt cap is just under $400K. Can you say coiled spring!!
Now the large spread is to be expected giving the ultra small float and would close up on any volume move. Look at it this way who cares about .20 on a multi-dollar move. I also believe the low bid is b.s. cause I know peeps who couldn't fill .30-.35 and were sitting there for a week or more.
Note: I believe Inferex issued some shares to Irus to eliminate debt and are increasing the A/S but the idea was to get the 'into' or completion of the r/m move before any additional dilution occurs.
T/A:
Recently made a proper 50/200 golden cross.. first in it's history.
Long base/consolidation.. always good for the boom.
Positive money flow
.48 is the key area to break (would not take much to do so)
http://stockcharts.com/h-sc/ui?s=NFRX&p=D&yr=3&mn=0&...
Bottom line.. this stock is severely undervalued, overdue for a run, and has yet to reflect recent good news and much improved value proposition. This is not your typical pink sheet pos company. I can see this moving to a better exchange in the near future.
Possible target is between $4-$10 dollars. This simply needs a small spark (get it on the radar) and the rest will come (how often have we seen this?).
me 2
gettem while you can