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NFRX moving on financial news...less then 1 million outstanding
The stock price here is insane. They showed a profit for nine months ended in September with 5.6 million in revenue and less then 1 million shares outstanding. One day soon the right people are going to become aware of this and it's going to blow big time.
NFRX Financial news out...Less then 1 million outstanding and a profittable company. This is going to blow one of these days. Many of you remember this as IFRX.
InferX Corporation Files 8-K to Reflect Merger with The Irus Group
Newly Merged Firm Brings Shareholder Value by Focusing On Delivering Next-Generation Predictive Analytics Products and Solutions to Key Growth Markets
prnewswire
STERLING, Va., Jan. 26 /PRNewswire-FirstCall/ -- InferX (Pink Sheets: NFRX) announced today that it filed a Form 8-K with the Securities and Exchange Commission (SEC) reporting consolidated pro-forma financial results that would have occurred had the acquisition of The Irus Group been completed on January 1, 2008. The consolidated pro-forma for the nine months ended September 30, 2009 states revenue of $5,636,895 and net income of $120,175. The merger of the two firms was completed on October 27, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091102/PH03698LOGO )
Vijay Suri, CEO of InferX, said, "The merger has already achieved results as we have made significant business development and marketing strides. For example, we have found great interest at financial services companies, such as investment firms, credit card companies, and banks, in the InferX predictive analytics products and solutions since these institutions need to continue fighting fraudulent activities that eat at their profits." Suri has a strong background in delivering information technology solutions for financial services companies and is heading the InferX efforts in that market.
InferX continues to develop strong ties to major players in the market, such as IBM, where the company recently announced that it is a Software ValueNet partner. The company has also been aggressively expanding business development efforts with a wide range of former and existing Irus Group customers, which includes MasterCard, JP Morgan Chase, US Navy, US Army, and US Air Force.
Suri said that government agencies are increasing their review of the InferX offerings. "InferX has developed an exciting solution that helps government agencies improve aircraft readiness using diagnostics and prognostics analytics in aircraft maintenance data. We've demonstrated how this solution can save costs, improve operational readiness, and improve productivity across multiple agencies. The interest has been very encouraging."
InferX also sees a great opportunity for predictive analytics products and solutions at health care concerns, such as hospitals and insurance companies, both on the clinical and business side. BK Gogia, InferX Executive Chairman and President of the Technology Solutions Group, is heading up the company's health care initiatives. "The solutions that are needed, ranging from improving patient control, morbidity and mortality rate reduction, and core measure tracking on the clinical side, to fraud alerts and increasing profits on the business side, are in high demand," he said.
InferX offers a wide range of next generation predictive analytics products and solutions that seamlessly analyze both structured and unstructured data to identify unusual or suspicious events, conditions and sequences that may occur in the movement of people, products, services or information. With InferX solutions, there is no need to move data or create expensive data warehouses. The products access, analyze and perform predictive analyses in real-time on multiple, distributed, and disparate databases and on reports, e-mails and other text-based documents.
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.
©2010 InferX Corporation. All rights reserved. All trademarks and company names mentioned are the property of their respective owners.
InferX Corporation Files 8-K to Reflect Merger with The Irus Group
STERLING, Va., Jan. 26 /PRNewswire-FirstCall/ -- InferX (Pink Sheets: NFRX) announced today that it filed a Form 8-K with the Securities and Exchange Commission (SEC) reporting consolidated pro-forma financial results that would have occurred had the acquisition of The Irus Group been completed on January 1, 2008. The consolidated pro-forma for the nine months ended September 30, 2009 states revenue of $5,636,895 and net income of $120,175. The merger of the two firms was completed on October 27, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20091102/PH03698LOGO )
Vijay Suri, CEO of InferX, said, "The merger has already achieved results as we have made significant business development and marketing strides. For example, we have found great interest at financial services companies, such as investment firms, credit card companies, and banks, in the InferX predictive analytics products and solutions since these institutions need to continue fighting fraudulent activities that eat at their profits." Suri has a strong background in delivering information technology solutions for financial services companies and is heading the InferX efforts in that market.
InferX continues to develop strong ties to major players in the market, such as IBM, where the company recently announced that it is a Software ValueNet partner. The company has also been aggressively expanding business development efforts with a wide range of former and existing Irus Group customers, which includes MasterCard, JP Morgan Chase, US Navy, US Army, and US Air Force.
Suri said that government agencies are increasing their review of the InferX offerings. "InferX has developed an exciting solution that helps government agencies improve aircraft readiness using diagnostics and prognostics analytics in aircraft maintenance data. We've demonstrated how this solution can save costs, improve operational readiness, and improve productivity across multiple agencies. The interest has been very encouraging."
InferX also sees a great opportunity for predictive analytics products and solutions at health care concerns, such as hospitals and insurance companies, both on the clinical and business side. BK Gogia, InferX Executive Chairman and President of the Technology Solutions Group, is heading up the company's health care initiatives. "The solutions that are needed, ranging from improving patient control, morbidity and mortality rate reduction, and core measure tracking on the clinical side, to fraud alerts and increasing profits on the business side, are in high demand," he said.
InferX offers a wide range of next generation predictive analytics products and solutions that seamlessly analyze both structured and unstructured data to identify unusual or suspicious events, conditions and sequences that may occur in the movement of people, products, services or information. With InferX solutions, there is no need to move data or create expensive data warehouses. The products access, analyze and perform predictive analyses in real-time on multiple, distributed, and disparate databases and on reports, e-mails and other text-based documents.
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.
©2010 InferX Corporation. All rights reserved. All trademarks and company names mentioned are the property of their respective owners.
Unless there is some hidden surprise that I can't find, this would seem to be a very reasonable deal for the company. Shares issued for .20 and warrants that can be cashed in for .50 a share. Even though I certainly feel that the companies stock price is worth more, this is not your typical deal for a small company. Most have to give a huge discount to the current price. With the ask at .19 today, this still seems to be quite a bargain at this price. I'm glad they didn't have to sell the farm like so many small companies do at this stage. The fact that they were able to find financing like this is just another reason that tells me this company has a very bright future.
Glad that you took it over. I have owned this for about 18 months and have believed in the technology from the first time I researched it. Like you, I just put them back and I know my day will come.
We all want the price to go up as quickly as possible but as an investor in this stock for over a year now, I'm content to wait. Every once in a while there is a penny stock that comes along that actually has an opportunity to be a great success. This is one of those companies. They have the technology to be a major player in their field. I believe that there is a lot more going on behind the scenes then anyone knows. Once everything is in place with the backing needed to make this company a major player, I believe the details will be released and the share price will rise very quickly. The stock is an absolute steal at these prices and once all the details are released, there will be a lot of people wishing they had jumped on the wagon down here. I believe once that time comes we will all be very happy. As the old saying goes, know what you own. I know I like I know what I own here.
I don't think there is any doubt that this is worth more then a dollar. As someone else mentioned, I don't think the company is ready to start releasing any big news just yet. When some buying does come in, it will go up very quickly. Someone selling at .12 is a joke. Probably just MM's shuffling shares to try and create a little selling. Before the merger, I think most thought this company was worth more then .05 which after the reverse would be one dollar. I would have to think after merging with a profitable company and with the low outstanding, it is worth at least multiple dollars. One of the problems is the lack of shares outstanding. It's hard to know if the company plans to use shares to grow, if not they are going to have to do a forward split or find another way to produce liquidity.
Congratulation to all that are holding. I have been here for well over a year and I think we will all be rewarded quite nicely.
Just going to take time...The more we hear from the company, the better things will get....patience will pay off in the long run.
Guessing the around the middle of November but that is only a guess.
Have been in this for close to a year and a half. I think those who have been patient and held are very close to getting rewarded. Can't wait to see the financials.
I was checking back to find some of my notes about the merger with Irus. They had over 6 million in revenues last year and were pofitable. As we talked about back then, a very nice merger for both sides. With the InferX products and Irus already having a foothold with a number of clients, revenues should continue to increase. Looking forward to some numbers from the company in the next few months. I have to think this is way undervalued here.
Amazes me too...our day will come. I would love to see some financials. I can't seem to find the numbers at the moment but I know the company we merged with had some very nice income last year. Can't remember the exact numbers but will see if I can't find them.
IFRX....anyone who remembers the old IFRX should take a look. The new symbol is NFRX and the company merged with a much larger company. Just signed a very nice contract and only has 900,000 shares outstanding. Some buying started today and just a matter of time. til it blows. The company is way undervalued here.
NFRX had some buying today. Bid and Ask getting tighter. Only 900,000 shares outstanding. Just a matter of time until this breaks out big.
Looking forward to some more updates from the company. This could turn into a very nice long term hold.
Yea, it's very nice to see some volume. I think it is a very good sign and think we will start seeing some more updates from the company soon. Those who have hung in there should be rewarded soon.
Agree that they need to start getting the word out to the public. They have a product that is very much needed in the market place and one that is cutting edge. The potential here is great but without any public awareness the stock price is never going to reach where it should be. The .20's are far from where the price should be. Hopefully they will address this in the near future.
Reading some more on KGiSL group. Their group of companies has revenue of over 500 million. I liked the part that they would be marketing NFRX's technology to it's clients in banking, financial services, Insurance and health care. I've always believed that InferX product would be a huge success in banking and financial services. With KGiSL already having the clients to introduce this product to, I think this bodes well for the future of NFRX. Insurance and health care are also two very big fields to get their products in. This seems to be a huge step for the merged companies of InferX. I think the next year is going to bring a lot of exciting new possibilities for them.
Too9 many people just playing today's hot play. I think it's just a matter of time before we see the stock price catch up with the potential this company has. The 20's are a joke. We ran to .03 a couple of times before the merger which equals .60 after the split. I think as we see more deals announced we will see the stock price move substantially higher then .60
Can't wait to see the financials from the merged company at the end of the third quarter. I guess we will have to wait until November but it should give us an idea of the income in place before the deal today and future deals. Hopefully today is just the start of the announcement of contracts. I think IFRX technology is on the cutting edge and hopefully that will be proven with many new contracts.
I think we have a winner here.
Information on NFRX, old IFRX For those of you who remember IFRX. They have some very impressive technology. They merged with a very impressive company back in June after paying off all of their debt and becoming debt free. After the merger, they did a 20 to 1 reverse split. Before the merger IFRX ran to .03 a number of times and appeared ready to bust through the .03 mark when the merger was announced. Since then trading has dried up as the company has not put out any news until today. The CEO has mentioned that once everything was settled they would start to release information about the new company. The mm's have walked the price down on no volume for the last 3 months. If it just got back to the original price of .03, that would be .60 today. With the release of the new deal today and more info to come and an outstanding of a little over 900,000, this is primed to make a huge move. I think a dollar is a very good possibility just from what we know now and there is more to come. Great opportunity for a multi bagger
Great news on NFRX..old IFRX
Very impressive release on NFRX. This is the old IFRX for those who remember them. The company that they signed the deal with is quite impressive. The outstanding is less then 900K after the merger and reverse split that took place in June.
I can't seem to copy and paste for some reason but the news release is on the NFRX website.
Wow! Just starting to do some research on KGiSL but the following statement from their website tells me this is company is very successful. Here is that quote:
Following up on it's success in the domestic market, KGiSL has successfully forayed into the global market with offices in the US, Europe and Japan.
Very impressive indeed. Would love to see some numbers on the deal but am satisfied that we have a very viable product if a company of this size wants to do business with us. Looking forward to more releases and updates from the company.
Agree that price is a joke down here. Problem is that it is impossible to get any cheapies. As soon as u put in an order to buy, they raise the ask.
Been here for a year and a half, certainly not going anywhere now. Hopefully we will here some good news soon.
It has become ridiculous at this point. So non professional to not even have a release announcing the merger. I still have great hope for the future of this company because of the direction of the company. I think they are on the cutting edge of technology but they are certainly not doing the company any favors by keeping quiet. Hopefully that will change soon.
Was gone yesterday but noticed this morning that the ask has moved up to .46.....did we get some buying yesterday?
Keep waiting for that to happen...hopefully soon
Would have to think that is a good sign
EESO looks like it could be a good trading stock today
Nothing is going to happen until the company puts out a news release. In fact as mkt said earlier, they should have done that weeks ago. Hopefully it will come soon.
Willing to see how this plays out in the next few weeks....would like to at least get some sort of an update before making a decision
IFRX - buying coming in....reverse merger suppose to be completed by end of July per shareholders letter received in the mail....think .03 to .04 is a given
Buying starting...hope this is a sign of things to come
Not much to say at this point....the shareholder letter I received said the reverse split would take place on July 17. That is tomorrow. I would think we will at least get a release with that action but at this point I'm not even sure that will happen.
We have been hearing the same thing for months now....he better produce soon or this thing will probably get ugly....still holding but patience is starting to get thin and I think he has a lot of shareholders getting to that point. It's quite obvious that he has no concern about what shareholders are feeling. Sad.
Agree, until we see some sort of official release, the mm's are going to keep a spread that keeps buyers away. I hope when he says the problems are behind them, it happens real soon.
EESO looking very strong