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The first of several planned acquisitions in real estate-related industries
HOUSTON, TX / ACCESSWIRE / September 24, 2024 / Infrax Systems, Inc. (OTC PINK:IFXY) (the "Company") dba US Standard Capital announced today that is has completed its acquisition of JP Developers of Texas (www.jpdevelopersoftexas.com), a premier real estate development company based in Houston, Texas, dedicated to crafting innovative and functional homes. The acquisition represents the first of several planned acquisitions in real estate- related industries.
JP Developers specializes in fix and flip properties, new construction, remodeling, and interior finishing, transforming spaces with a commitment to quality and excellence. JP Developers is currently renovating eight single family homes that it owns and is acting as the development partner on two other existing homes and four new builds. All corporate staff of JP Developers have been moved into the Company's new office space near the Galleria in Houston, TX. The Company has identified four other companies in the real estate and construction markets as potential acquisition targets and plans to move forward with one or more of these acquisitions aggressively over the next few months.
Mr. Jose Pineda, President of the Company, stated, "As we embark on this new chapter of growth and opportunity through the acquisition of a prestigious real estate development company, we express our commitment to innovation and excellence. Our shared vision is to redefine the landscape of possibilities and create lasting value for our shareholders, stakeholders, and the community. Together, we will build a future that inspires, transforms, and elevates the standards of the industry."
IFXY will be posting its pre-merger quarterly disclosure statement for the company's annual report for the fiscal year that ended on June 30, 2024, later this week. Consolidated financials including pro-rated numbers for JP Developers of Texas will be filed with the company's fiscal first quarter disclosure statement that runs through September 30, 2024.
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.