INX Announces Credit Agreement Waiver
April 30 2010 - 6:17PM
Business Wire
INX Inc. (NASDAQ: INXI)(the “Company”; or “INX”) today announced
that it received a waiver through May 31, 2010 of default under
Section 7(b) of the Amended and Restated Credit Agreement dated
April 30, 2007 between INX and Castle Pines Capital LLC (“CPC”),
whereby the Company is required to provide CPC with its Annual
Report on Form 10-K no later than 90 days after the last day of
each fiscal year. Due to the circumstances previously disclosed,
the Company was unable to provide its Annual Report on Form 10-K by
March 31, 2010. The Company is working diligently on this matter
and intends to file its Annual Report on Form 10-K as soon as
practicable.
ABOUT INX INC.:
INX Inc. (NASDAQ: INXI) is a leading U.S. provider of IP network
communications and data center solutions for enterprise
organizations. INX offers a suite of advanced technology solutions
focused around the entire life-cycle of enterprise IP network
communications and data center infrastructure. Service offerings
are centered on the design, implementation and support of network
infrastructure, including routing and switching, wireless,
security, unified communications, and data center solutions such as
storage and server virtualization. Customers include enterprise
organizations such as corporations, as well as federal, state and
local governmental agencies. Because of its focus, expertise and
experience implementing and supporting advanced technology
solutions for enterprises, INX is well positioned to deliver
superior solutions and services to its customers. Additional
information about INX can be found on the Web at www.inxi.com.
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