**Exhibit 99.1****PRESS RELEASE****INX Schedules Financial Results Announcement, Updates 4****th**Quarter Guidance and Commentson Recent Business Trends**HOUSTON—(BUSINESS WIRE)—February 11, 2008—INX Inc. (Nasdaq: INXI; the “Company”; or “INX”)announced today the scheduling of its announcement of financial results for its 4****th**quarter and year ended December 31, 2007, provided updated financial guidance for its4**th**quarter ended December 31, 2007, and commented on recent trends in its business.SCHEDULED FINANCIAL RESULTS ANNOUNCEMENT AND CONFERENCE CALL:The Company intends to announce financial results for its 4th quarter and year endedDecember 31, 2007 via press release and Form 8-K filing at approximately 4:05 p.m. Eastern StandardTime on Thursday, March 6, 2008.An investor conference call is scheduled to begin at 4:30 p.m. Eastern Standard Time on March 6,2008 to present the results and the Company’s updated outlook as well as provide an opportunity toanswer investors’ questions in a public format.James Long, Chairman and Chief Executive Officer; Mark Hilz, President and Chief Operating Officer;and Brian Fontana, Chief Financial Officer, are scheduled to be on the call to discuss thequarter’s results and answer investors’ questions.The conference call will begin promptly at the scheduled time. Investors wishing to participateshould call the telephone number at least five minutes prior to that time.To access the conference call within the U.S., dial 877-809-2547. For international/toll access,dial 706-634-9510. The conference call will begin promptly at the scheduled time. Investorswishing to participate should call the telephone number at least five minutes prior to that time.A slide presentation related to the information that will be presented on the call will beavailable for viewing during the conference call. To access the presentation via the web,participants should access www.inxi.com/Webcasts/Q407call at least ten (10) minutes prior to thecall and log in to ensure web browser compatibility. Following the call, the above link willprovide investors with the ability to access the presentation and listen to the conference call.Beginning approximately one hour after the end of the conference call and ending on April 4, 2008,a replay of the conference call will be accessible by calling either 800-642-1687 from within theU.S., or 706-645-9291 for international/toll access. The replay of the conference call will also beavailable by the following morning, and until at least April 4, 2008, for listening via theInternet from the Company’s web site at www.inxi.com/Webcasts/Q407call.UPDATED FINANCIAL GUIDANCE AND RECENT BUSINESS T RENDS:Given the recent material uncertainty and volatility in financial markets and the recent volatilityin trading in the shares of the Company’s Common Stock, the Company has decided to provideinvestors with updated guidance for its 4th quarter ended December 31, 2007 and commenton the recent trends in its
 

 
business. The expectations for financial results set forth herein are the Company’s currentexpectations for such results, but are preliminary and are subject to the completion of theCompany’s year-end audit. Please review the Safe Harbor Statement contained herein.For the 4th quarter ended December 31, 2007 the Company currently expects: **•** Total revenue of approximately $57 million, a year-over-year increase of approximately25%.  **•** Product revenue of approximately $49 million, a year-over-year increase ofapproximately 23%.  **•** Service revenue of approximately $8 million, a year-over-year increase of approximately33%.  **•** Year-over-year organic revenue growth, excluding revenues from the recent Select, Inc.acquisition, of approximately 4%, 0% and 26% for total revenue, product revenue andservice revenue, respectively.  **•** Gross margin on both product revenue and service revenue within the company’s long-termtarget ranges of 15%-19% for product revenue and 30%-35% for service revenue.  **•** Operating profit margin of approximately 2% for the period.Regarding the updated 4th quarter guidance, James Long, INX’s Chairman and CEO, stated,“4th quarter spending is typically a back-end loaded quarter in terms of product revenuedue to year-end spending habits of customers. The month of December was weaker in terms of productsales relative to historical 4th quarter customer spending patterns we have observed.Even though product revenue came in below our expectations for the quarter, we still expect recordtotal revenue, product revenue, service revenue, gross profit, and operating income for both thequarter and the full year, and we believe the Company’s overall performance was reasonable in theface of what appears to have been a somewhat cautious customer spending environment towards the endof the quarter.”Providing further details on the Company’s expected 4th quarter results and recentfinancial trends, Brian Fontana, the Company’s Chief Financial Officer, stated, “Historically,December has typically been the strongest month of our 4th quarter, with December havingaccounting for between 39% and 44% of 4th quarter product revenue in the prior threeyears. For the 4th quarter of 2007, December made up only 36% of total product revenuefor the quarter, which was a result of lower than expected product order bookings in Decembercombined with some slippage of recognized product revenue into January due to product shipmentdelays. Product order bookings data reflects both the slippage of certain product orders booked inthe fourth quarter into January as well as the cautious customer spending environment towards theend of the quarter. 4th quarter product order bookings increasing over 40%year-over-year compared to recognized product revenue growth for the quarter of only 23%year-over-year, reflecting slippage of some of the 4th quarter product order bookingsinto the 1st quarter. The book/bill ratio was 1.07 for the 4th quarter forproduct orders. Product order bookings for the month of December made up only 27% of the total4th quarter order bookings, compared to a three year historical trend of December beingthe strongest month of the 4th quarter for product order bookings, clearly indicating aslowdown in customer spending activity towards the end of the quarter. Looking at the most recentdata we have available to judge business activity, product order bookings for the month of January2008 totaled $20.0 million, a year-over-year increase of approximately 25%, and excluding ourrecent Select, Inc. acquisition, increased approximately 15% organically. We expect the balancesheet at December 31, 2007 to reflect cash of approximately $9.3 million, and we expect cash, netof debt, to be approximately $1 million higher as compared to September 30, 2007, an increase innet cash of approximately 50% from the approximate $2.0 million level at September 30, 2007. Iwould also like to take this opportunity to communicate to investors the fact that based on ourconsistent profitability during 2007 and expected future profitability; we expect to beginrecording, for book purposes, federal income tax at an effective tax rate of approximately 42%beginning in 2008. Because we have a net operating loss carryforward for federal
 

 
income tax purposes, this income tax expense will be a non-cash expense until the Company fullyuses its net operating loss carryforward.”Commenting on trends in the business, Mark Hilz, the Company’s President and COO, stated, “As Ciscoannounced last Wednesday during their quarterly conference call, and as can probably be logicallyconcluded from recent widely reported evidence of an economic slowdown, some customers began todefer or delay projects towards the end of the 4th quarter and into the current firstquarter thus far. Because business balance sheets are generally healthy and because the solutionsthat we provide to customers provide long-term cost-savings and productivity improvements, webelieve spending by enterprise organizations will improve as interest rates decline and as thewidely expected Federal Government stimulus package, which includes provisions to promote capitalspending by business organizations, is enacted. Industry trends continue to favor strong growthfor many years to come in the advanced technologies segments of the IP networking industry that INXhas always been focused on, and which are the fastest growing segments of the networking industry.The macro trend of the network becoming the platform for all enterprise communications is a trendthat we do not believe will be stopped by an economic slowdown. Unified communications, networksecurity, IP-network-based storage, video-over-IP and virtualization of the datacenter are allmajor trends that continue to compete very favorably against other areas of information andcommunications technology for enterprise capital spending.”Regarding the recent trends in the Company’s business, Mr. Long added, “In spite of certaincustomers delaying moving forward with projects recently, product order bookings, the best dataavailable to us to judge near-term customer spending activity, showed reasonable growth for themost recent month of January, with 15% year-over-year organic growth. While we expect certaincustomers will continue to be apprehensive about moving forward with large capital expenditureprojects during the first quarter based on broad media reporting of an expected economic slowdown,as has been the case for the last couple of months, we started off the first quarter with Januaryproduct order bookings growth that we believe likely exceeded industry growth during the month ofJanuary. Interest rates that impact the cost of capital that certain of our customers utilize topurchase or lease the solutions that we provide have been recently and substantially reduced, andthe pending Federal Government economic stimulus package, which is widely expected to be signedinto law this week, provides for accelerated depreciation of capital expenditures by businesses,which will eliminate one of the factors that we believe has caused certain customers to temporarilydelay moving forward with projects. We are optimistic that businesses will be become more inclinedto move forward with projects over the upcoming several months than they have been over the pastcouple of months. We firmly believe that the world is still in the early stages of a transition tothe IP network as the platform for virtually all business communications. Demand for increasednetwork bandwidth will continue to grow due to rapidly growing use of video over the IP network,and we believe such growth will continue irrespective of a decrease in economic activity. We alsobelieve the trend of substantial growth in IP telephony, IP-connected network data storage and datacenter virtualization will continue irrespective of a slowdown in economic growth because there aresubstantial long-term cost savings and productivity improvements to organizations from deployingthese technologies. We believe INX is uniquely well positioned to take advantage of the way the IPnetwork is becoming the platform for all business communications. Because of recently increasedeconomic uncertainty and financial market volatility, INX will enhance transparency to investorsdesigned to provide investors with information on near-term business activity. On March6th, at the conclusion of the Company’s year-end audit, we will release final4th quarter and full year results and provide enhanced near-term financial performancedata, including disclosure of near-term product order bookings data and book/bill ratio data, whichINX has not previously disclosed to investors, and will discuss the Company’s views on industrytrends and the actions the Company is taking to capitalize on changes that are occurring in theindustry, as well as provide the Company’s financial outlook for the second quarter and for 2008.”
 

 
SAFE HARBOR STATEMENT:The statements contained in this document that are not statements of historical fact including butnot 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 negativeexpressions of these terms, are “forward-looking statements” within the meaning of the PrivateSecurities Litigation Reform Act of 1995. Such forward-looking statements are based on theCompany’s current expectations and are subject to a number of risks and uncertainties. TheCompany’s current expectations for financial results for its 4th quarter ended December31, 2007 set forth herein are based on preliminary, unaudited results and are subject to thecompletion of the Company’s year-end audit. Events and transactions of which the Company is notcurrently aware, if any, that relate to the Company’s 4th quarterended December 31,2007, if material, will have an impact on the final financial results, and therefore the actualfinal results may vary from the Company’s current expectations set forth in this press release, andit is possible that any such variance could be material. As always, the forward-looking statementsrelated to the Company’s expectations for future economic, industry or Company activity or eventsset forth herein are subject to numerous risks and uncertainties, including but not limited to therisks and uncertainties set forth from time to time in the Company’s public statements and its’most recent Annual Report filed with the SEC on Form 10-K for 2006, which the Company makesavailable on its web site in PDF format at www.INXI.com/Information/sec.asp. Recipients of thisdocument are cautioned to consider these risks and uncertainties and to not place undue reliance onthese forward-looking statements. The Company’s past results of operations are not necessarilyindicative of its operating results for any future periods. All information in this press releaseis as of February 11, 2008, and the Company expressly disclaims any obligation or undertaking toupdate or revise any forward-looking statement contained herein to reflect any change in theCompany’s expectations with regard thereto, or any change in events, conditions or circumstancesupon which any statement is based.ABOUT INX INC.:INX Inc. (NASDAQ: INXI) is a network infrastructure professional services firm deliveringbest-of-class “Business Ready Networks” to enterprise organizations. We offer a full suite ofAdvanced Technology solutions that support the entire life-cycle of IP Communications systems.Services include design, implementation and support of IP network infrastructure for enterpriseorganizations including routing and switching, IP Telephony, messaging, wireless, network storageand security. Operating in a highly focused manner provides a level of expertise that enables us tobetter compete in the markets we serve. Our customers for enterprise-level Cisco-centric advancedtechnology solutions include large enterprises organizations such as corporations, public schoolsas well as federal, state and local governmental agencies. Because we have significant experienceimplementing and supporting the critical technology building blocks of IP Telephony systems andother IP Communications advanced technology solutions for enterprises, we believe we are wellpositioned to deliver superior solutions and services to our customers. Additional informationabout INX can be found on the Web at www.INXI.com.CONTACT:INX Inc.************