INX Inc., (NASDAQ:INXI) announced today that it has been named as one of the awardees of the Texas DIR purchasing agreement for Cisco based products and services.

The State of Texas Department of Information Resources (DIR), Information and Communications Technology Cooperative Contracts program, formerly known as Go DIRect, is a streamlined cooperative purchasing program for state and local government, public education and other public entities in Texas, as well as public entities outside the state. INX was recently named one of the recipients of a multi-vendor purchasing agreement for Cisco based products and services.

The contract enables INX to sell Cisco based products and services to any Texas state, county or local government office and public education entity. Public entities outside the state of Texas may also use our program. The contract is competitively bid with pre-negotiated discounts, saving public entities time and money based on the volume purchasing agreement.

“We are extremely pleased to be selected by DIR for their purchasing contract. This is a very successful program that provides tremendous savings to the State of Texas and gives other public entities the ability to purchase at price points beyond their individual volumes,” stated Don Smith, Regional Vice President of Central Texas Operations for INX. The contract terms are for one year starting May 14, 2010 with three, one year renewal options by the State of Texas, extending no further than May 13, 2014.

ABOUT INX INC.:

INX Inc. (NASDAQ:INXI) is a leading U.S. provider of IP 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. Services 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 believes it 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.

SAFE HARBOR STATEMENT:

The statements contained in this document that are not statements of historical fact, including, but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected benefits from the announced contract award are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Additional information about risk factors are contained in the Company's most recent filings with the SEC on Forms 10-K and 10-Q. The actual results of the future events described in the forward-looking statements in this document could differ materially from those stated in the forward-looking statements due to numerous factors. Recipients of this document are cautioned to consider these risks and uncertainties and to not place undue reliance on these forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

Inx Inc. (MM) (NASDAQ:INXI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Inx Inc. (MM) Charts.
Inx Inc. (MM) (NASDAQ:INXI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Inx Inc. (MM) Charts.