INX Inc. Names Philip Rydzewski to Position of Senior Vice President and CFO

DALLAS--(BUSINESS WIRE)-- INX Inc. (the “Company”) today announced that Philip Rydzewski has been named the Company’s new Chief Financial Officer.

Jim Long, Executive Chairman stated, “We are pleased to announce that Phil has joined the organization. We undertook an extensive recruiting and interviewing process to find the right person to steer us through the conclusion of our current financial restatement efforts and provide strong technical accounting and financial leadership for the future.”

Looking ahead, Mark Hilz, Chief Executive Officer, commented, “Phil brings a wealth of strategic and tactical expertise with fast growing midsized publicly held businesses that will be instrumental for us as we maintain our focus on being a best in class technology infrastructure solutions provider focused on delivering IP communications and data center solutions to enterprise organizations.”

From 2001 to 2004 Mr. Rydzewski was Chief Financial Officer for HMS Holdings Corp. (Nasdaq:HMSY), a technology service based business in the healthcare sector, then from 2004 to 2007 he was Vice President of Finance for Catalyst Health Solutions, Inc. (Nasdaq:CHSI), a pharmacy benefit manager. Most recently Mr. Rydzewski was providing a variety of CFO services to public and private companies on a consulting basis following a period as Chief Accounting Officer from 2007 to 2008 for HealthMarkets, Inc., a private equity owned SEC registrant in the insurance industry. Earlier in his career, Mr. Rydzewski was with KPMG for five years followed by eight years with an NYSE listed company, where he was the VP Corporate Controller. He is a graduate of Georgetown University and holds an inactive CPA license.

ABOUT INX INC.:

INX Inc. (NASDAQ:INXI - News) is a leading U.S. provider of IP communications and data center solutions for enterprise organizations. INX offers a suite of advanced technology solutions focused around the entire lifecycle of enterprise IP network communications and data center infrastructure. Services 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. Additional information about INX can be found on the Web at www.INXI.com.

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 related to expected benefits from the announced contract award are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. Additional information about risk factors are contained in the Company's most recent filings with the SEC on Forms 10-K and 10-Q. 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. Recipients of this document are cautioned to consider these risks and uncertainties and to not place undue reliance on these forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

INX Inc.Mark Hilz, CEO, 713-795-2000
[email protected]
or
Hayden IRBrett Maas, 646-536-7331
[email protected]

Source: INX Inc.