TYSONS CORNER, Va., June 12, 2013 (GLOBE NEWSWIRE) -- InferX Corporation (OTCPK:NFRX) is pleased to pleased to announce the appointment of Michael J. Deale as a new member of the InferX Management Advisory Board. Mr. Deale serves as President and CEO of Crossfield Data Services and manages the firm's e-Discovery Data Analytics practice. He has served as principal consultant on a number of e-Discovery projects for complex litigation which typically includes the extraction, review and production and analysis of millions of records from complex enterprise database applications; analysis of software/website/database based intellectual property; analysis of software/website/database in contract disputes; and the retention, reduction, review, processing, and productions of large electronic document collections.
Mr. Deale has held senior technology executive positions in a number of high growth, software and technology firms and served as Entrepreneur-in-Residence at the NextGen Venture Capital Fund. While Vice President for Customer Advocacy at Arbor Software (now Hyperion Solutions), he directed technical support, education programs, and consulting services for this public maker of On-Line Analytical Processing (OLAP) software. Mr. Deale was the first employee and Director of Technology for Red Pepper Software which was acquired by PeopleSoft. Mr. Deale holds BS and MS degrees in Computer Science from the University of Virginia and George Mason University, respectively.
The new appointment further complements the Company's existing Management Advisory Board and additional appointments are expected.
InferX pioneered and commercialized a powerful, proprietary suite of predictive data analysis technologies and tools. The Company has two patents issued for its real time, distributed predictive analytics and business intelligence system.
"We are now developing new analytic offerings that will offer users powerful new, next generation analytic solutions that will help users improve performance, reduce costs, increase revenues and in some cases even help save lives." said Paul B. Silverman, InferX CEO and President. "Our expanding base of highly qualified senior advisors are now playing a key role in helping us identify and address our users' needs. Michael Deale brings outstanding qualifications to help us launch our planned financial sector analytics solutions, and I am pleased he has agreed to join the InferX team and welcome his support," said Silverman.
About InferX Corporation
InferX is a market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions. InferX has pioneered and commercialized a powerful, patented suite of advanced data analytical solutions that improve corporate performance across the enterprise in the healthcare, financial services, and government markets. InferX is uniquely capable of delivering secure, real-time, and privacy preserving intelligence and decision support — all without the need to move data. InferX is headquartered in Tysons Corner, VA. For more information go to the InferX website www.inferx.com
Forward-Looking Statements
Certain statements above, in press releases and NFRX officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. See InferX's 10-K for 12/31/11 for a discussion of those risks. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance. NFRX has no specific intention to update these statements.
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