HOUSTON, TX / ACCESSWIRE / October 3, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) (the "Company") dba US Standard Capital today announced its intention to acquire Cornerstone Rock Development LLC (https://www.cornerstonehtx.com/). Cornerstone Rock Development is a Houston-based residential construction company specializing in home remodeling renovations and new construction projects that has built a reputation for excellence.
Cornerstone Rock Development will provide US Standard Capital with a dedicated team of contractors, architects, and designers that deliver high-quality craftsmanship and innovative solutions to their clients. Cornerstone Rock Development's expertise in home renovations and property flipping aligns with US Standard Capital's focus on high-quality real estate investments. Their reputation for delivering top-notch results will enhance the value of our real estate offerings.
Mr. Jose "JT" Torres, Chief Operating Officer of Infrax Systems, stated, "We are excited at the prospect of bringing Cornerstone Rock into the family, but we are just getting started. We will continue to move forward as quickly as possible with additional acquisitions to build out our core capabilities and develop a strong and secure foundation to achieve our long-term growth plans."
The acquisition will be the second of several planned acquisitions in real estate- related industries. The acquisition is expected to close in the coming weeks and should be completed in time to be included on the disclosure statement for IFXY's current fiscal quarter.
About Infrax Systems, Inc. / US Standard Capital
Infrax Systems, Inc. is focused on acquiring assets and companies in the real estate sector, including housing development, construction, remodeling, and financing. The Company is currently doing business as US Standard Capital and plans to change its name to US Standard Capital, Inc. in the near future. The Company also provides products and services that address the various challenges faced by Latin American immigrants.
Contact Information:
https://www.usstandardcapital.com/
https://www.jpdevelopersoftexas.com/
https://x.com/infraxinc
https://x.com/jpineda100
https://www.cornerstonehtx.com/
Shareholder/Investor inquiries for Infrax Systems, Inc.:
Infrax Systems, Inc. / US Standard Capital
1- 786-583-6642
ir@infraxinc.com
Safe Harbor Statement: In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Contact Information
Jose Pineda
CEO
jose@usstandardcapital.com
786-583-6642
SOURCE: Infrax Systems, Inc.
View the original press release on accesswire.com
