SOURCE: INFRAX Systems, Inc.

April 21, 2010 08:00 ET

INFRAX Systems (IFXY) Announces Creation of Acquisition Subsidiary

INFRAX Acquisition Subsidiary Targets Smart Grid Last Mile Technology

ST. PETERSBURG, FL--(Marketwire - April 21, 2010) -  INFRAX SYSTEMS, Inc. (OTCBB: IFXY), a global provider of interrelated operational management, and communications related products and services for the Telecommunications and Energy industry, today announced that the Company has established a new subsidiary company for Merger and Acquisitions: INFRAX Acquisition, Inc.

Paul J. Aiello, CEO of INFRAX, stated, "The Board recently agreed with our plan to establish an entity for strategic acquisitions. INFRAX has operated in the telecommunications sector for several years and the creation of an acquisition subsidiary will facilitate our entry into other infrastructure segments. INFRAX, with the subsidiary, will be targeting Smart Grid technology companies, last mile facilitators and various partners to deliver its new and existing products."

About INFRAX Systems

INFRAX Systems, Inc. provides a series of interrelated operational management, communications, and energy grid related products and services which enable a comprehensive and unified solution for communications and applications management of the Smart Grid, municipal and telecommunications networks. Our Wireline, Wireless and Fiber Optics network management solutions offer proprietary state-of-the-art software, professional services and integrated systems. INFRAX Systems have been in use by companies seeking the best solution in managing their fiber and coaxial networks for the past 10 years. The company's software solutions keep track of all aspects of the physical inventory such as fiber builds, access and splice points and connected equipment, in addition to, fault isolation and work order management. The scalability of the software systems permits the Company to target small to large Electric Utilities, Cable and Telecom companies on a worldwide basis. Besides the OptiCon Network Manager™ (ONMS), the company will soon offer additional products and services designed to secure and manage the power grid and alternate energy networks globally.

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