CEO's Open Letter To Infrax Systems (IFXY) Shareholders

ST. PETERSBURG, Fla., Aug. 20, 2012 /PRNewswire/ -- Infrax Systems, Inc., (OTC.BB: IFXY), a global provider of Smart Grid-related products and services for the Energy and Utility industries, today issued the following letter to our shareholders from our Chairman & Acting CEO Sam Talari:

Dear Fellow Shareholders,

As an acting CEO of Infrax Systems, I would like to update all of our shareholders on our current business and future strategy. Since I took my old position back few months ago, I have given my best to bring about culture of efficiency and work place collaboration to increase revenue and shareholder value.  We have worked very hard on all fronts to monetize our current assets including Lockwood technology and completing our first R&D project, SNIC.  Although with few distractions, Lockwood has grown immensely, from almost limited revenue to close to $6M in current sales pipeline and growing (for first quarter 2012). It is not an easy task to build the next big thing but, as a team with forward looking vision, we had decided three years ago that as citizens of this great country, something had to be done to secure our national infrastructure. So we partnered with best of best and after two years of hard work, we believe that we have done our part to be the first to secure our grid and our infrastructure by introducing the SNIC. We will do that in October at ITRON UTILITY WEEK 2012.

We have also looked at acquisitions to increase our footprints locally and globally and we'll continue doing so in years to come. We have made an interest in a Chinese company with a certain synergy within the Smart Grid industry. We believe if this interest comes to fruition, it may open China to our products and services as it will be the largest market for years to come. The U.S. Energy Information Administration (EIA) estimates that China will need to allocate $1.5 trillion towards Transmission & Distribution (T&D) pipelines through 2030, which is more than it will need to allocate for actual power generation. But our main goal will always be to grow organically through internal monetization and culture of efficiency.

So here are some summaries of our progress and our strategy;

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