Saint Petersburg, FL, July 30, 2018 (GLOBE NEWSWIRE) -- Infrax Systems ( IFXY ), a global provider of Internet of Things, Blockchain technology consulting and ICO consulting services, announces shareholder update:
After weeks of correspondence with FINRA, it was decided that the Company will no longer pursue the name change and reverse split at this point. Henceforth the Company cancels the corporate action until further notice.
The Company has also decided for the time being to have Block Capital as the subsidiary of IFXY. This will allow the company to continue its work under that corporate brand. We may reconsider another corporate action with FINRA at another time.
The Company meanwhile will continue the completion of its running projects and to acquire more clients including but not limited to ICO consulting, blockchain development and its sister company’s upcoming crypto exchange; Prutus.com.
The facts provided previously remains effective as such;
- Company has no debt.
- Unavailability of stocks from any sources to dilute or pressure the share value.
- Retiring or reduction of insider shares back to non-common structure.
- Company has revenue producing subsidiaries.
- Company is implementing share buyback as dividend every quarter
- Company has exciting new projects including Prutus and MoMu.
- Company signing on other ICO projects.
The Company will also implement the following;
- Retiring of 2 billion common of insider shares back to non-common structure.
- Company has been purchasing IFXY shares on the open market and will continue to do so.
- Prutus has just completed its security audit and will go live shortly. More info on later date.
- Company has completed its MoMu design and will be developing the prototype in weeks.
We will inform our shareholders on the progress of the events as they are available.
About Block Capital Corp
Block Capital invests in crypto assets, provides blockchain technology consulting, ICO process consulting services and tokenization of assets.
To request further information about Infrax, please email us at info@blockcapitalcorp.com, log onto our website at http://www.blockcapitalcorp.com visit us at our Facebook page https://www.facebook.com/ blockcapitalcorp or on Twitter @ realcryptocorp .
Forward-Looking Statements
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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