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Infrared Systems International Announces Forward Split of Its Common Stock

^{Published on 2010-06-10 06:11:37 - Market Wire}
 

SILVERDALE, WA--(Marketwire - June 10, 2010) - Infrared Systems International: (OTCBB: [ IFRSD ]) is pleased to announce that the Company has effected a forward stock split of outstanding shares of its common stock, effective on June 10, 2010, at a ratio of ten new shares of restricted common stock for every one share owned (10:1 forward split) as of the Record Date. All Stockholders of Record as of May 28, 2010 (the "Record Date") will receive 10 shares for each share held as of the Record Date upon delivery of their shares to the Transfer Agent. Beginning June 10, 2010, the Company will trade under the symbol "IFRSD" for 20 days then return to its current symbol "IFRS."

"We are looking to increase the liquidity of our stock and expand our float. The actions that we have made since the change of control have been done to accomplish this objective," stated Bill Wright, CEO of Infrared Systems International. "As the company begins to pick up momentum, we will continue to execute on our objectives of diversifying the Company assets and increasing its revenue streams."

The Company recently amended its articles of incorporation to increase Infrared Systems' authorized shares by a factor of 10 from 50,000,000 to 500,000,000 to accommodate this forward split. The current number of outstanding shares prior to the forward split is less than 18 million and will increase to approximately 177.2 million shares after the forward split.

The Company recently announced it has appointed Bill Wright to serve as the Company's President and CEO. He will also serve as the Company's chairman along with newly appointed director Tracy Bushnell. Mr. Wright will utilize his years of experience with public companies and knowledge in business operations to focus the Company's efforts on building consistent revenues for Infrared Systems and pursuing its opportunities.

About Infrared Systems International:

Infrared Systems International, through its two wholly owned subsidiaries, Focus Systems, Inc. and Infrared Applications, Inc., offers unique solutions and applications for a variety of industries.

Focus Systems, Inc. is a service orientated, desktop virtualization, remote desktop and VoIP information technology provider. Focus Systems clients do not need to purchase a server or even PCs to use their service and fully benefit from it. Focus Systems enables their clients to realize the value of being able to expense the cost of their entire service as opposed to amortizing it over the life of purchased equipment, which in many cases will be obsolete before the tax benefits are realized. For more information, please visit [ www.focus-sys.com ].

Infrared Applications, Inc. is a security and safety focused company. The latest technological advancements have been incorporated into a powerful blend of wireless operation and infrared imaging to provide a system that features redundancy, connectivity, independent verification, and seamless operation for a broad spectrum of security applications. Our patent-pending solutions benefit aviation, industrial infrastructure, military, homeland defense, and the private sector.

Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements'' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.