**CODE      OF ETHICS FOR SENIOR FINANCIAL OFFICERS**

*March      2006*

*Code      of Ethics for Senior Financial Officers *
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|   | · | Honesty,                integrity, and trust are the underpinnings of Inyx’s success and must be                observed in all respects at all times. The Officers should endeavour                to                deal fairly with the company’s customers, suppliers and employees. The                Officers should not take unfair advantage of anyone through the                manipulation, concealment, abuse of privileged information,                misrepresentation of material fact or any other unfair dealing                practice. |
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|   | · | The                Company is committed to strict compliance with both the letter and                spirit                of all federal, state and applicable foreign laws governing its business                operations. Consequently, the Officers should respect and follow                all such                laws, rules and regulations. |
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|   | · | Conflicts                  of interest by the Officers are expressly forbidden. The Officers                  should                  also avoid activities which give the appearance of conflict of                  interest.                  If an Officer has any questions regarding potential conflicts of                  interest,                  he or she may seek clarification from the Company’s Human Resources staff                  or the Company’s general counsel. In addition, should an Officer become                  aware of a material transaction or relationship that reasonably                  could be                  expected to give rise to a conflict of interest, he or she should                  advise                  the Company’s general counsel. |
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|   | · | The                Officers may not take for themselves personally opportunities that                are                discovered through the use of corporate property, information or                position.                Furthermore, the Officers may not compete with the Company or use                corporate property, information, or position for personal                gain. |
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|   | · | The                  Officers should not disclose any confidential or proprietary information                  about the Company, its business and its customersto persons outside                  the                  Company without prior authorization of senior management unless                  such                  disclosure is legally mandated, nor should the Officers use for                  personal                  advantage confidential information acquired in the course of their                  duties. |
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|   | · | The                Officers are responsible for full, fair, accurate, timely and                understandable disclosure in all periodic reports and financial                disclosures required to be filed by the Company with the Securities                and                Exchange Commission or disclosed to the public. Accordingly, the                Officers                should observe the most stringent standards in keeping our books                and                records. All Company records must be complete and must accurately                record                and properly describe the transactions they reflect. All assets,                liabilities, revenues, and expenses shall be recorded in compliance                with                generally accepted accounting procedures. The Officers are expected                to                cooperate fully with our internal and external                auditors. |
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|   | · | The                  Officers should immediately bring to the attention of the Company’s Audit                  Committee any material information of which he or she may become                  aware                  that affects the disclosures made by the Company in its public                  filings and                  assist the Audit Committee in fulfilling its responsibilities. |
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|   | · | The                Officers should promptly report violations of the Code to the Audit                Committee, the chief executive officer or the Company’s general counsel.                In the event that an Officer has knowledge of or is suspicious of                any                non-compliance with the Code that he or she believes could materially                harm                the Company, its shareholders or others that is not being properly                addressed, the Officer is encouraged to contact any member of senior                management including the Company’s general counsel. No retaliatory action                will be taken against an Officer reporting alleged violations to                the                Company in good faith. |
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|   | · | If                an Officer violates this Code, then he or she is subject to disciplinary                action. Such action shall be reasonably designed to deter wrongdoing                and                promote accountability and adherence to the Code. Depending on the                nature                of the violation, this action could include immediate termination                of                employment. |
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