The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of INX, Inc.

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of INX, Inc. (“INX”) (NASDAQ: INXI) to Presidio, Inc. for shareholders. Under the proposed buyout, INXI shareholders will receive only $8.75 in cash for each share of INXI stock owned, even though the company’s shares have increased in value over $1.00 per share in the prior six-month period.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The definitive acquisition agreement involves an all cash transaction valued at approximately $85 million. The transaction is expected to be completed in early 2012.

“We are investigating the fairness of the proposed transaction to INXI shareholders, whether the shareholders are being underpaid for their stock, and whether INXI’s Board of Directors acted in the shareholders’ best interest,” said shareholder rights attorney Willie Briscoe. In particular, although the acquisition price represents an approximate 15% premium over INXI’s closing price the day prior to the buyout announcement, INXI’s shares traded as high as $8.49 per share as recently as July 2011. In addition, during the six-month period prior to the acquisition, INXI’s shares have increased in value by over $1.00 per share. “Based on these and other factors, we believe that the transaction may significantly undervalue INXI stock. Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

Inx Inc. (MM) (NASDAQ:INXI)
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