Infrax Systems, Inc (OTC:IFXY) Dba US Standard Capital Provides Shareholder Update
Rhea-AI Summary
Infrax Systems (OTC:IFXY) has provided a shareholder update highlighting several key developments. The company has successfully sold four homes, with proceeds earmarked for reinvestment in new properties. Currently, 13 properties are under renovation, with four more expected to be ready for sale in January.
The company has established U.S. Standard Capital Fund , a private fund targeting accredited investors, aiming to raise $8 million to support 60 projects in 2025. This funding structure will be non-dilutive to IFXY shareholders.
The company is finalizing its 2024 fiscal year audit (ended June 30, 2024) and preparing an S-1 registration statement for SEC filing in the coming months.
Positive
- Successfully sold four properties with proceeds for reinvestment
- 13 properties currently under renovation with 4 more ready in January
- Launched private fund targeting $8 million for 60 projects in 2025
- Non-dilutive funding structure preserves shareholder value
Negative
- Delayed 2024 fiscal year audit completion
- S-1 registration statement filing pending audit completion
News Market Reaction – IFXY
On the day this news was published, IFXY gained 25.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Four Homes Recently Sold, US Standard Capital Fund, 2024 Audit
HOUSTON, TX / ACCESSWIRE / December 16, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) dba US Standard Capital (the "Company") is pleased to provide shareholders with an update of recent activities and its progress on previously announced plans:
The Company recently sold the four homes it had on the market and proceeds from the sales will be reinvested in new properties. Sales of these properties will appear in our next quarterly report. The Company still has 13 properties currently being renovated and expects to have a minimum of four more properties completed and available for sale in January.
The Company has created a private fund, U.S. Standard Capital Fund LLC, that is available only to accredited investors. The purpose of the fund is to accelerate our growth by raising additional capital that will be used solely for purchasing new properties for development and rehabilitation. The Company is currently seeking to raise
The Company is currently still working on its audit for its 2024 fiscal year that ended on June 30, 2024, and expects it to be completed in the near future. The Company is also continuing to work with its attorneys to prepare the text of its S-1 registration statement and plans to file it with the SEC once the 2024 audit is complete. The Company plans to file the S-1 sometime in the next few months.
"Exciting times ahead!" stated Mr. Jose Pineda, the Company's CEO. "As we approach 2025, we are filled with anticipation for the growth and success that the new year will bring for our company. With big plans and ambitious goals on the horizon, we are ready to take on new challenges, innovate, and expand our reach. Here's to a promising and prosperous year ahead!"
The Company will continue to provide regular updates as it moves forward and executes its plans to build stable, profitable operations and long-term shareholder value.
About Infrax Systems, Inc.
Infrax Systems, Inc. is focused on acquiring assets and companies in the real estate sector, including housing development, construction, remodeling, and financing. The Company also provides products and services that address the various challenges faced by Latin American immigrants.
Contact Information:
https://twitter.com/jpineda100
https://www.usstandardcapital.com/
https://www.jpdevelopersoftexas.com/
https://www.cornerstonehtx.com/
Shareholder/Investor inquiries for Infrax Systems, Inc.:
Infrax Systems, Inc.
1-(786) 583-6642
info@usstandardcapital.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Contact Information
Jose Pineda
CEO
jose@usstandardcapital.com
786-583-6642
SOURCE: Infrax Systems, Inc.
View the original press release on accesswire.com
FAQ
How many properties did IFXY sell in their recent update?
What is the target size of IFXY's new U.S. Standard Capital Fund?
How many renovation projects does IFXY currently have in progress?
What is IFXY's project target for 2025 through the new fund?
When will IFXY file its S-1 registration statement?
