INFRAX SYSTEMS, Inc. (IFXY) Prepares the Process for Uplisting on a Senior Exchange

ST. PETERSBURG, Fla., Oct. 11, 2011 /PRNewswire/ -- INFRAX SYSTEMS, Inc. (OTC BB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, announced today that its Board of Directors, as approved by their majority shareholder, has approved the initiation of the process for the up-list on NASDAQ Capital Market immediately. The Company believes that, given its balance sheet position (Post SPC acquisition), it would meet all of the quantitative listing requirements for The NASDAQ Capital Market, other than those relating to the minimum bid price for listed shares (which is $4 per share). The Company cannot assure you that it will be successful in achieving a listing on The NASDAQ Capital Market or any other exchange. The process of qualification and listing may require additional due diligence and consultation with appropriate entities and FINRA. We will inform our shareholders of our progress as we initiate and complete the process.

"The Board of Directors feels that based on our growth potential, present & future partners, Initial Public Offerings of our main competitors, our world-class products and services, our utility customers and our acquisition of SPC (Southern Power & Control), we believe increases the chance of the Company successfully listing the Common Stock on The NASDAQ Stock Market, particularly The NASDAQ Capital Market," stated Sam Talari, INFRAX SYSTEMS, Inc. Co-Chairman. "We further believe that listing on The NASDAQ Capital Market would enhance the Company's visibility, commercial credibility and create a better liquid marketplace for our investors and better financing terms that would allow for certain commercial opportunities not currently available to the Company. The Company believes that a listing on The NASDAQ Capital Market, if effectuated, may generate greater interest among our present and future customers and set us among our peers and competitors trading on the big board hence allowing for institutional ownership and analyst coverage and brokerage recommendations."

"We believe that by taking this step, the Company will be able to maximize its long term growth opportunities and the return to our investors. We have developed products which will significantly impact the way in which utilities implement grid security and we are now preparing to bring these products to market," said Paul J. Aiello, INFRAX SYSTEMS, Inc. CEO. "Institutional investment will allow us to access additional equity capital to help fuel our growth both organic and through acquisition."  

About INFRAX SYSTEMS, Inc.

INFRAX SYSTEMS, Inc. 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 SYSTEMS, Inc.'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, Inc. 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.