Infrax Systems Inc (IFXY)

[1971]

Broadband Holdings, Inc. acquisition:

As part of the transaction, Infrax has engaged Source Capital Group, Inc. (www.sourcegrp.com), a boutique investment bank headquartered in Westport, CT with expertise in micro-cap growth companies in the Utility and Communications markets. According to SCG Managing Director, Investment Banking, Vik Grover, CFA, "The combination of Infrax and BSI should create a force in the Utility Infrastructure and Smart Grid market, as the two companies build on their existing relationships and capabilities. They will be incredibly well positioned to take advantage of the pent up demand for upgrading America's communications, utility and transportation infrastructure, which together are receiving hundreds of billions of stimulus funding from the federal government over the next several years. This transaction is one more step in a series of transactions that should position Infrax as a market leading provider of one-stop shop Smart Grid and Broadband Solutions in the U.S. and abroad."

-one more step in a series of transactions? Hmmmm ;)

GO IFXY!!!