Infrax Systems Inc (IFXY)

[1971]

8K Convertible Preferred Stock as dividend

Item 8.01. Other Events



Infrax Systems, Inc., a global provider of unified Smart-Grid related products and services for the Energy and Utility industries, announced today the following;



The board of directors of Infrax Systems is considering special class Convertible Preferred Stock as dividend to its shareholders to honor and reward their investment in the Company. The considered Convertible Preferred Stock will have the following designations:



1) Non- Dilutive,

2) Yearly Dividend Possible,

3) Registration Rights,

4) More voting power that Common,

5) and other rights associated with Preferred Shares.



The number of Preferred Shares as dividend will depend on three factors;

1) Length of time of the investment,

2) Amount of Investment,

3) and amount of loss of investment if any.



We will abreast our shareholders on any new developments shortly.

http://ih.advfn.com/p.php?pid=nmona&article=57690147&xref=newsalert

ifxy