INX Inc. Names Philip Rydzewski to Position of Senior Vice President and CFO
December 30 2010 - 6:00AM
Business Wire
INX Inc. (the “Company”) today announced that Philip Rydzewski
has been named the Company’s new Chief Financial Officer.
Jim Long, Executive Chairman stated, “We are pleased to announce
that Phil has joined the organization. We undertook an extensive
recruiting and interviewing process to find the right person to
steer us through the conclusion of our current financial
restatement efforts and provide strong technical accounting and
financial leadership for the future.”
Looking ahead, Mark Hilz, Chief Executive Officer, commented,
“Phil brings a wealth of strategic and tactical expertise with fast
growing midsized publicly held businesses that will be instrumental
for us as we maintain our focus on being a best in class technology
infrastructure solutions provider focused on delivering IP
communications and data center solutions to enterprise
organizations.”
From 2001 to 2004 Mr. Rydzewski was Chief Financial Officer for
HMS Holdings Corp. (Nasdaq:HMSY), a technology service based
business in the healthcare sector, then from 2004 to 2007 he was
Vice President of Finance for Catalyst Health Solutions, Inc.
(Nasdaq:CHSI), a pharmacy benefit manager. Most recently Mr.
Rydzewski was providing a variety of CFO services to public and
private companies on a consulting basis following a period as Chief
Accounting Officer from 2007 to 2008 for HealthMarkets, Inc., a
private equity owned SEC registrant in the insurance industry.
Earlier in his career, Mr. Rydzewski was with KPMG for five years
followed by eight years with an NYSE listed company, where he was
the VP Corporate Controller. He is a graduate of Georgetown
University and holds an inactive CPA license.
ABOUT INX INC.:
INX Inc. (NASDAQ:INXI - News) 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.
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.
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