INX Announces Business Update Conference Call
November 04 2010 - 11:15AM
Business Wire
INX Inc. (NASDAQ: INXI) (the “Company”; or “INX”) recently
provided a press release update on business conditions, and its
efforts to restate previously issued financial statements. In
addition, the Company recently appointed Mark Hilz to the position
of Chief Executive Officer. In order to provide investors with an
opportunity to have more in-depth information regarding general
market conditions and an update on the Company's strategic
direction presented by Mr. Hilz, the Company is scheduling a
conference call for investors.
On the call Mr. Hilz will update investors on key practice
areas, key vendor relationships as well as industry trends and
general market conditions in the industry. The presentation will
also summarize previously announced recent Company business
performance and an update on the restatement process.
The Company business performance information provided on the
call will be limited to information which the Company does not
expect to be impacted by any adjustments related to correcting its
accounting for revenue recognition. As in its recent press release,
information provided will be limited to information such as
“bookings”, which represents credit approved customer orders for
products, and “billings”, which represent invoicing of customers at
contract amount for products and services, neither of which is the
same as “revenue” determined in accordance with Generally Accepted
Accounting Principles. The Company believes that together
“bookings” and "billings" provide an indication of near-term
customer demand as well as an indication of product availability
from our suppliers.
CONFERENCE CALL AND WEBCAST INFORMATION:
The conference call is scheduled for Wednesday, November 10,
2010 at 4:30 p.m. Eastern Standard Time. The call is expected to
last approximately 45 minutes. Mark Hilz, the Company's President
and Chief Executive Officer, will host the call.
To access the conference call within the U.S., dial
877-809-2547. For international/toll access, dial 706-634-9510. The
conference ID is 23025048. The conference call will begin promptly
at the scheduled time. Investors wishing to participate should call
the telephone number at least five minutes prior to that time.
A slide presentation related to the information that will be
presented on the call will be available for viewing during the
conference call. To access the presentation via the web,
participants should access www.INXI.com/Webcasts/3Q10call at least
ten (10) minutes prior to the call and log in to ensure web browser
compatibility. Following the call, the above link will provide
investors with the ability to access a PDF file version of the
presentation. The slide presentation will also be filed with a Form
8-K with the Securities and Exchange Commission.
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 lifecycle 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. Additional information about INX can
be found on the Web at www.INXI.com.
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