Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - INX Inc | inx_8k-122309.htm |
| EX-10.1 - AMENDMENT - INX Inc | ex10-1.htm |
Exhibit 99.1
PRESS
RELEASE
INX
Increases Senior Credit Facility to $70 Million
HOUSTON--(BUSINESS
WIRE)--INX Inc. (Nasdaq:INXI - News) today announced that it has increased its
senior credit facility with Castle Pines Capital LLC ("CPC") used primarily for
inventory floor plan financing and working capital requirements to $70 million
from $60 million.
Commenting
on the new credit facility, Brian Fontana, INX’s Chief Financial Officer,
stated, “We are pleased with our long-term, close working relationship with
Castle Pines Capital and their continued support of our business objectives. The
increased capacity under our primary operating credit facility will provide for
continued future growth and liquidity needs.”
“INX has
grown substantially during our relationship and has demonstrated significant
growth as a company focused on enterprise technology infrastructure solutions
and services. We are pleased to increase our financial capacity to INX, which
provides them with the capital they require in order to continue their
impressive long-term growth,” said Jim Merrill, CPC’s Senior Vice
President.
ABOUT INX
INC.:
INX Inc.
(NASDAQ:INXI - News) is a leading U.S. provider of IP network communications and
data center solutions for enterprise organizations. INX offers a suite of
advanced technology solutions focused around the entire life-cycle of enterprise
IP network communications and data center infrastructure. Service offerings 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. Because of its focus, expertise and experience
implementing and supporting advanced technology solutions for enterprises, INX
is well positioned to deliver superior solutions and services to its customers.
Additional information about INX can be found on the Web
at www.inxi.com.
ABOUT
CASTLE PINES CAPITAL LLC:
Castle
Pines Capital LLC is a privately held channel finance company headquartered in
Englewood, Colorado. With extensive domain experience in network technology and
finance industries, CPC provides channel financing solutions to technology
resellers and distributors.
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 relating to INX’s continued
growth, are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995 and involve a number of risks and
uncertainties. 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, including
the risks
and uncertainties set forth from time to time in the Company's public statements
and its most recent Annual Report filed with the SEC on Form 10-K for the year
2008.
Contact:
INX
Inc.
Brian
Fontana, 713-795-2000
Chief
Financial Officer
Brian.Fontana@inxi.com