INX Announces Update on 4th Quarter Business Trends

INX Inc. INXI today provided an update on certain financial information for its fourth quarter ended December 31, 2010, recent business conditions and the status of completing the restatement of previously issued financial statements and becoming current on its SEC filings. Product bookings decreased by approximately 2% sequentially compared to the third quarter ended September 30, 2010, and increased by approximately 18% compared to the prior year quarter. Product billings decreased by approximately 19% on a sequential basis compared to the third quarter, and increased by approximately 11% compared to the prior year period. Services billings increased by approximately 9% compared to the third quarter, and increased by approximately 34% compared to the prior year period.