Infrax Systems (IFXY) Completes Issued and Outstanding Share Reduction

ST. PETERSBURG, Fla., July 7, 2011 /PRNewswire/ -- INFRAX SYSTEMS, Inc. (OTC BB: IFXY - News), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, announced today that it had completed the reduction of approximately 20% of the issued and outstanding common shares. As previously announced, Infrax's Board of Directors had approved the conversion of 500,000,000 common shares held by related parties to preferred shares.

The preferred shares issued in exchange for the common shares have all of the same rights as the common shares and do not provide any preferential voting or security rights.

"We believe that this action demonstrates our close relationship with our major shareholders and their commitment and dedication to our Company," said Paul Aiello, Infrax Systems CEO.

About INFRAX Systems

Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform incorporates a communications transport and management system (Grid Mesh™) device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.

For INFRAX Systems information, contact [email protected] or visit www.infraxinc.com.

Forward-Looking Statements

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

Contact:
Media Contact:
Infrax Systems, Inc.
[email protected]
727-498-8514

SOURCE Infrax Systems, Inc.