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Thursday, August 11, 2022

Infrax Systems Inc (OTCMKTS: IFXY) Big Week as Mi Pulpe LLC Reverse Merger Closes

Infrax Systems Inc (OTCMKTS: IFXY) is steadily moving northbound in recent days trading up 14% on Friday on $500,000 in dollar volume. IFXY has already proven to be a runner skyrocketing out of sub pennyland last year and running to highs of $0.0157. The stock also has a loyal following of investors who see this one going much higher. Last week the Company announced it expects its acquisition of Mi Pulpe LLC to close the week of July 25, 2022. All due diligence items have been completed and the final acquisition documents have been signed. The company also announced that it has completed the process of changing transfer agents. The acquisition will formally close once all bookkeeping items associated with the transfer of shares have been finalized on the company’s official shareholder records. The acquisition is non-dilutive to current IFXY shareholders and will not require the issuance of any new stock. Mi Pulpe is an US Master Importer & Distributor of specialty nostalgic food and beverage products catering to the Latin American market segment. Mi Pulpe generated over $22 million of revenue in 2021, and the company is expanding rapidly to other crossover market segments with new and exciting products.  

IFXY has been busy behind the scenes and is looking to go fully reporting OTCQB as per new management Mr. Jose Pineda. A recent twitter update stated: “Paperwork is just about wrapped up for $IFXY, we look forward to the journey ahead. Be on the lookout for changes to OTCM and the start of official updates via new wires. We appreciate your patience, and look forward to building huge value for shareholders. #NoRS #NODilution. The no dilution part is important although there are sellers, as IFXY has $0 debt there are no note holders though. IFXY new CEO and majority owner is seasoned executive and serial entrepreneur Jose Pineda who took his Company “Mi Pulpa” a master distributor of foods to Latin American countries to $22 million in annual revenues. Currently he serves as a board member for Alnost Brokerage LLC, CEO of Toditito Llc, CEO and board member of REME Enterprises LLC and majority owner and CEO of IFXY. There is a twitter thread here that explains more on Mr. Pineda here. Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. 

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Infrax Systems Inc (OTCMKTS: IFXY) is a clean “pink current” reverse merger candidate with $0 debt on the books. The Company was incorporated in Nevada on October 22, 2004. On January 10, 2010, it officially changed the name of the Company from OptiCon Systems, Inc. to Infrax Systems, Inc. to reflect the change in the Company’s direction and were issued a new trading symbol as “IFXY”. At that time the Company was involved in the “Smart Grid” energy sector. The Company believed at that time that its integrated platform will hasten the deployment of all Smart Grid technology for resource constrained small and mid-sized utilities.  Infrax’s advantage comes from its products ability to enable the creation of a secure platform scalable to deliver a broad set of intelligent Smart Grid initiatives across millions of endpoints for Utilities.  

According to his profile on linkedin:

Jose Pineda – Chief Executive Officer at Mi Pulpe Llc 

“I have spent the last twenty years building and serving as an executive or board member to a wide variety of organizations. I have worked in several different industries and have a wide range of technical knowledge in fields such as hospitality, supply chain, and technology that has helped me to build and grow multiple companies. As an immigrant, I take a lot of pride in helping others with similar backgrounds like mine and love to work with people from all different cultures around the world. I have a strong entrepreneurial mindset and look forward to connecting with like-minded individuals on here”  

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IFXY

IFXY history: During May and June 2021, KRISA (controlled by Caren Cooley) took over control of $IFXY. This was eventually uploaded to OTCM on 7/20/21. One week later, they dropped 3 years worth (12 filings) on one day! This shows motivation to get things done properly & ASAP. Since then, they have not been late with a SINGLE filing. Remember I said SAFE? We can sleep at night! The real MATERIAL financial change occurred this past March 2022. Basically, KRISA sold 80% of its holdings to Alnost USA, in exchange for Almost bringing its subsidiary Mi Pulpe into $IFXY (set for next week).  

On July 19 IFXY announced it expects its acquisition of Mi Pulpe LLC to close the week of July 25, 2022. All due diligence items have been completed and the final acquisition documents have been signed. The company also announced that it has completed the process of changing transfer agents. The acquisition will formally close once all bookkeeping items associated with the transfer of shares have been finalized on the company’s official shareholder records. The acquisition is non-dilutive to current IFXY shareholders and will not require the issuance of any new stock. Mi Pulpe is an US Master Importer & Distributor of specialty nostalgic food and beverage products catering to the Latin American market segment. Mi Pulpe generated over $22 million of revenue in 2021, and the company is expanding rapidly to other crossover market segments with new and exciting products. 

Mr. Jose Pineda, President of IFXY, stated, “We have big plans for this company. We started Mi Pulpe in 2015 with first year revenues of around $650,000, and we see no reason why we cannot continue to aggressively grow the company going forward. The Latino/Hispanic population in the US is climbing at an accelerated rate and is expected to grow over 50% in the next decade. We are excited at the possibilities this merger provides to expand the Mi Pulpe product portfolio and meet our aggressive revenue growth targets.” 

Mr. Carey Cooley, CEO of IFXY, stated, “I cannot imagine a better result for our current shareholders. We are basically delivering them a $22 million revenue company with exciting growth potential at no cost to any shareholders other than myself. I believe that Mi Pulpe is just the beginning. We are already looking forward to other great companies we can bring into the IFXY family.” 

The IFXY 2022 fiscal year ended on June 30, 2022, and the 2022 annual disclosure will reflect the Company’s shell status as of that date. The Mi Pulpe acquisition and financial results will be reflected in the Company’s disclosure statement for Q1 2023, which runs from July 1, 2022 through September 30, 2022. 

IFXY has developed a short list of potential acquisition targets, and the Mi Pulpe acquisition is the first of several the Company expects to complete in the coming months. IFXY will be filing a request with FINRA for a name and ticker change in the near future to better reflect its overall strategy. As previously announced by the Board of Directors, there are no current plans for a reverse split or increase in the number of authorized shares. 

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Currently trading at a $30 million market valuation IFXY has 5,530,894,237 shares outstanding much of which are restricted leaving 2,063,229,521 free trading IFXY shares worth $9.5 million. IFXY is an exciting story here; headed by a new CEO seasoned executive and serial entrepreneur Jose Pineda who took his Company “Mi Pulpa” a master distributor of foods to Latin American countries to $22 million in annual revenues. Last week the Company announced it expects its acquisition of Mi Pulpe LLC to close the week of July 25, 2022. All due diligence items have been completed and the final acquisition documents have been signed. The company also announced that it has completed the process of changing transfer agents. The acquisition will formally close once all bookkeeping items associated with the transfer of shares have been finalized on the company’s official shareholder records. The acquisition is non-dilutive to current IFXY shareholders and will not require the issuance of any new stock. Mi Pulpe is an US Master Importer & Distributor of specialty nostalgic food and beverage products catering to the Latin American market segment. Mi Pulpe generated over $22 million of revenue in 2021, and the company is expanding rapidly to other crossover market segments with new and exciting products. We will be updating on IFXY when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IFXY.

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Disclosure: we hold no position in IFXY either long or short and we have not been compensated for this article.

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