Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It will go, just a matter of when now
I think this may be Blowup Friday
news out...
InferX Corporation Completes Merger with The Irus Group
Date : 11/02/2009 @ 5:26PM
Source : PR Newswire
Stock : (NFRX)
Quote : 0.45 0.0 (0.00%) @ 8:40AM
InferX Corporation Completes Merger with The Irus Group
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 http://www.inferx.com/ .
http://www.newscom.com/cgi-bin/prnh/20091102/PH03698LOGO
http://photoarchive.ap.org/
DATASOURCE: InferX Corporation
CONTACT: Fred Diamond of InferX Corporation, +1-703-628-6910
Web Site: http://www.inferx.com/
WEEEEEEEEEEEEEEEEEEEEe.... Bring in your flock....
It must be time to buy people.............
Maybe it was Buffet to make a believer out of Threeflight, anyway you look at it, it's better to have you with than against. WELCOME ABOARD, AGAIN.
When do you think the financials will be released, any idea?
Dale, could you post the CC info please?
Anyone have the CC info, phone number etc.?
Took 20 minutes to get 9050 @.039 when I had an order in over the ask at .0395. A long time to fill?
Wow! Clueless, simply Clueless, yeah you believe the smae people are running the same scam as 2000. That's beatiful, I have a great piece of property to sell you next to a beautiful landfill that you'll enjoy also. Let's talk.
I know something, when this goes final, these prices will be considered way undervalued.
Somebody's loading at .042, that is fact right now.
I believe your are WRONG and I hope one day very soon we can laugh about how wrong you are here ( although I share your frustration ) if what you say were true than the insiders (euros and many others would have dumped big time imo) I haven't seen, just some flippers. I'll be the optomist of the board and say I think it closes by NOVEMBER 1, for every negative there should be an equal positive. Good Luck
i show .042 x .042 are they looking for shares, what's up with that?
ALL SYSTEMS GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
I found with this stock for some reason, your bid is not showing up unless it is for 5000 shares. Try it, it worked for me yesterday.
Dale that would be ok if it were the 1st or 2nd time it occurred. It's like the 3rd for this, she could have held the aquisition until after the merger, that's all. Take that bs down the road Dale it is getting old at this point. I will wait, but not happy with another 6 weeks or 6 months. utterly rediculous.
Piss Poor, Rediculous
Just a couple of words that come to mind, but I have time. Here's to hoping!
I almost forgot, pass it along.......
Dale, However, we do need it to close. The sooner the better, we don't need to lose any more gains here, she said the 30th and it would be nice to see her follow through, otherwise DON'T SAY IT. I believe her and am waiting for an afternoon PR or one to follow tomorrow updating shareholders on the closing finality.
I think most would agree, the only thing holding this stock back is the uncertainty to weather or not it will ever close or not. In my mind that has been answered in the President PR, I don't see a company(espescially reputable people with much at stake) going to the trouble of hiring a new President just to fool everyone and not close the deal. I don't see it. This will close IMO.
I guess I believe if you hire a President, you intend on having a Company to have them preside over. I like the intent of their direction in this weeks pr's. For the first time to me this company has shown me that they have direction for their business. I think it can take off. I'm all in. good luck to you. Must be other's who think the same the bid is creeping up @ .0481 now. Who know's but I like my chances.
So you here posting just to wallow in your glory that the stock may plumet. I get it.
Spoken by someone who sounds as if they would like to buy some .05's if you were to ask me. hmmmmmm....very interesting always looking out for ourrrrrrrrrrr interest. you could be the nicest person I know.
Thanks again
Dale it will not matter if a pr is produced today in the affirmative column. The pps will then follow imo.
Honestly, 3 trading days in a row we have had some substantial news for the future of this company ( I been here for 4 years or so and have never seen PR's 2 days in a week. I believe this looks like it's building towards something.
maybe you didn't see the pr's released the past 2 days, they are pretty informative on the direction this company is headed. When you wait 3 to 4 years, I wouldn't sell if it closed tomorrow anyway. The underlying factor is that the close is imminent. NMTV is hiring people and executing business development already. This is going to happen IMO. That's the important thing for me here.
and it look's very promising in the future. Like they said a long time ago, there's not many safe havens for your money at this time, I like this parking place for a while.
Thanks TreePlite for looking out for us shareholders once again. You're the man.
It is great, but by the looks of it we may not move anywhere until they announce the merger is complete?
Hey Dale,
Has the million dollars been confirmed placed into escrow as of yet per prior pr's(what was it 7 days prior to close of merger or something like that)? I've yet to see any updates on the escrow funds?
NMTV Appoints President
Date : 09/28/2009 @ 9:15AM
Source : MarketWire
Stock : RTG Ventures Inc (RTGV)
Quote : 0.069 -0.002 (-2.82%) @ 7:59AM
NMTV Appoints President
NEW YORK, NY -- (Marketwire) -- 09/28/09 -- RTGV (OTCBB: RTGV): NMTV has appointed Dominic Hawes-Fairley to the position of President to drive product development and growth in the burgeoning digital media market. Hawes-Fairley has an entrepreneurial track record in both media and technology marketing businesses and comes to NMTV with a dynamic vision to leverage the group's assets and unique value propositions. An expert in structuring technology companies for fast-growth, Hawes-Fairley has consulted at a strategic level with over 20 companies in the past eight years and, at the same time, built his own successful corporation.
Hawes-Fairley commented: "I've been working at the leading edge of technology for the past ten years, either as a consultant or as an early adopting user. I was instantly drawn to this opportunity and saw the huge potential from the start. The payment side of the business is an important bedrock for us as we roll out new initiatives on the media side. It's great to have the security of such a reliable business underpinning our forays into more speculative areas and means that we can try new business models without incurring overbearing risk.
"The global digital media business is developing and changing at a blistering pace and we have a really exciting plan to carve out a piece of the market for ourselves. We have extraordinarily good people in the team and the acquisition of BMC, announced last Friday, is a really big step forwards.
"BMC was not brought into this group to add revenue. This is a strategic acquisition to add capability. BMC brings a sales, marketing and product development capability that's underpinned by some of the best technology in the business. BMC is on the crest of the very latest trend in technology, Cloud Computing." Gartner, the world's leading information technology research and advisory company, explains cloud computing as "a paradigm of computing in which dynamically scalable and often virtualized resources are provided as a service over the Internet." It is widely recognized to be one of the most important trends in the technology business and BMC claims to be one of the UK's earliest companies to move its whole business "into the cloud."
"BMC's business model places its core systems on the internet and staff has access through a simple web browser. This not only delivers very high efficiency but also eliminates the need for detailed local technical expertise and enables the company to create and deploy new business units almost on the fly. Most importantly, this is a business unit that's seriously scalable and it enables our media division to leverage its electronic property rights by creating products for retail stores as well as online. We see this as a critical part of establishing three-dimensional brands in the vertical markets we're addressing which stands us apart from the competition. We now have the capability to create content, broadcast it and leverage it with branded merchandise."
Hawes-Fairley lives in London and comes to NMTV from BMC, which he co-founded in 2001. Prior to founding BMC, Hawes-Fairley ran a marketing and branding consultancy, was VP Marketing at Europe's largest business incubator and served as a commissioned officer in the world famous Household Cavalry after studying at the Royal Military Academy, Sandhurst.
The management team concluded: "We're clear on the ultimate vision for NMTV but stakeholders shouldn't expect strategy that's written in stone because the world is changing too fast for rigid plans that are blindly followed. NMTV's approach will be maximum agility, maximum flexibility and maximum speed to market. These three things will be an important part of gaining and maintaining competitive advantage and the appointment of Hawes-Fairley is another example that the management team at NMTV wants to lead not follow."
About NMTV: RTGV, through NMTV, has a new media business model which leverages an exclusive technology to deliver multicast transmissions of TV quality transmissions without buffering or freezing. This is a significant technological breakthrough and provides a competitive edge to its shareholders. The evolving venture originally included a 44,000 square foot studio outside London which is equipped to service traditional film and TV requirements, while also being refurbished to attract state-of-the-art customers. This asset has been sold. A (new media) studio has been identified in Bristol, England which provides a better base, with all ancillary services, i.e. post-production and music gallery facilities, already available. Broadband is the global growth engine of the 21st century for new media. NMTV's technology and multiple revenue steams from its television production company to a payment systems product with 3 brands, epaypoint, Web-Pay and iPAYU to manage consumer cash flow through the Internet in the most cost effective and secure methodology, positions it well for the future through both organic growth and growth by acquisition. NMTV's objective is to become a leader in new media and reward its stakeholders: shareholders, customers, suppliers and business development partners. For all available Due Diligence, visit our website at: www.rtgventures.com
Safe Harbor Provisions: The foregoing contains certain predictive statements that relate to future events or future business and financial performance. Such statements can only be predictions, and the actual events or results may differ from those discussed due to, among other things, those risks described in RTGV's reports filed with the SEC. Opinions expressed herein are subject to change without notice. This document is published solely for information purposes, and is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any state. Past performance does not guarantee future performance. Additional information is available upon request.
Investor Relations Contact:
RTG Ventures, Inc.
917 488 6473
I think today's news release is the greatest I've ever seen from this venture in that it finally shows some direct intent towards growth and marketing this product. I think this release is huge. I can only imagine people are still waiting for final merger conclusion in order to commit and buy in to this up and coming company.
Calm before the Storm hopefully
one hit on the ask at .23 and it went to .40, sooner or later information will come and I like there associates.
you guys give up too easy, this doesn't look like it has been passed yet and someone is buying up these shares, i wonder who? never know whoes getting duped here until the final say has been issued.
I only wish I had more available funds
It's Called dilution and it is not good.
get em while u can i say
600448951 os
523496038 restricted
76952913 float as of this am
let's get em
Does anyone know the latest share structure as of today or yesterday?