INX 8-K Results of Operations and Financial Condition

INX Inc.

Nasdaq: INXI

www.INXI.com

November 5, 2007

Third Quarter
Ended September 30, 2007
Financial Results

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1. Brian Fontana, CFO: Present the results for the quarter

2. Mark Hilz, President & COO: Industry update, recent achievements,
    activities and events

3. Jim Long, Chairman & CEO: Highlights of 3rd quarter results, growth and
    profit contribution of business units / revenue sources; update on acquisitions
    activities; expectations for the future

4. Take questions

Agenda For Conference Call

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This presentation contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, including future operating results
expectations. Statements associated with words such as “anticipate,” “believe,”
“expect,” “goal,” “hope,” “should,” “target,” “will” or other similar words are
forward-looking statements.

These projections and other forward-looking statements are only projections.
Actual events, performance or results may differ materially from those indicated
due to numerous factors, many of which we have little or no control over, and
some of which we may not be successful in addressing.

Numerous of these factors are set forth in the Company’s press release related to
this quarterly financial results announcement and in our 2006 Form 10-K, both of
which we urge you to read.

Safe Harbor Statement

Forward-Looking Statements

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(Dollars in thousands, except EPS)

Third Quarter Ended 9/30/2007 Results

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(Dollars in thousands, except EPS)

9 Months Ended 9/30/2007 Results

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(Dollars in thousands)

Balance Sheet Data

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The IP based protocol for storage known as ISCSI is starting to beat out Fibre
      Channel as the preferred storage network technology, especially in the
      mid-market enterprise space

Large Enterprise spending on technology is mixed depending on industry
segment. Mid-market down to SMB is still relatively strong.

Managed network services are becoming more important; in 2008 network
      managed services acquisitions will be a major push for INX to increase INX’s
      support services offerings, such as data storage management and network
      security related services

Geographic expansion acquisitions will continue to be a major component of
      acquisition strategy

INX and Industry update 

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Achieved Cisco “National Partner” status, enhancing ability to win larger,
national-level customer relationships

Secured $10 million credit facility to be used to fund acquisitions

Acquired Select, Inc. on 8/31/2007, giving INX a substantial presence in
New England

Upgraded listing of common stock to Nasdaq Global Market

Substantially increased the size of our acquisitions pipeline

Recent Achievements, Activities & Events

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Revenue increased 14.9% y/y, with gross margin improving to 18.4% compared
to 18.0%

Service revenue increased more than product revenue, increasing 25.6% y/y
compared to product revenue growth of 13.5% y/y

Operating income increasing 40.9% and diluted EPS from continuing
operations increasing 50% to $0.12 per share.

Excluding impact of recent Select Inc. acquisition, revenue for Q3 grew 6% y/y
to $48.1 million, at the low end of our expected range, and operating profit
margin improved to 2.1% compared to 1.6% for the prior year and compared to
1.9% for Q2.

Recent Select Inc. acquisition contributed $3.9 million in revenue for the quarter,
slightly higher than we would have expected for the first month following the
transaction, and operating profit contribution from the acquired operations was
zero, approximately in line with our expectations for the first month following the
transaction.

Third Quarter Operating Results Highlights

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(Dollars in millions)

Sources Of Recent Revenue Growth

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*Note:  “Corporate expenses” consist of the Accounting Department, MIS Department, Corporate
Operations Department, Investor Relations, Board of Directors and CEO, and related expenses

(Dollars in millions)

Business Component Profitability

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Target gross profit margin:

Ø Continue to target 15%-19% on products, which range we have been in

Ø Continue to target 30%-35% on services, achievement of lower end of
which may take several quarters or more and upper end of which is
dependent upon materially higher levels of managed services revenue

We have a target for operating income margin % in the range of 4% to 7%, which we
expect to achieve primarily by improving gross margin on service revenue and
leveraging certain categories of operating expenses

Q4-07 revenue: We currently expect revenue in the range of $61-$64 million
excluding the impact of any acquisitions we might make in Q4-07

Q4-07 operating profit margin: We expect a continued slight improvement in
operating profit margin % in the fourth quarter from current operations excluding the
recent Boston acquisition, but the Boston acquisition will add material revenue to
Q4-07 with lower profit margin due to integration costs

Outlook

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Our pipeline of potential acquisitions has improved recently, which we believe is due in
part to our consistent execution on high quality acquisition transactions to date, and
the fact that the credit market turmoil has improved INX’s viability as an acquirer, as
compared to some private-equity-backed and other leverage model acquirers

Currently in “active” discussions with approximately 8 target organizations, 5 of which
have annual revenue between $10 million and $100 million and 3 of which have
annual revenue greater than $100 million

All of these “active” discussions are at a stage of having executed a non-disclosure
agreement, with recent dialog, with an expressed willingness by the target
organization to do a transaction on some price/terms

We are not at the “letter of intent” stage with any target organization at this time and
a closing of a transaction in Q4 is not expected at this time

Acquisitions Pipeline

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3rd quarter revenue was in the range of our expectations in spite of probable
enterprise spending softness from the credit market turmoil and related
economic uncertainty

Revenue growth of 14.9% y/y compared to a strong prior year number, with
service revenue posting higher relative growth, and gross margin improved
slightly to 18.4% compared to 18.0%

Operating income growth of 40.9% y/y

Diluted EPS from continuing operations growth of 50% y/y to $0.12

We expect $60-$64 million in revenue for 4Q-07, with a slight continued
improvement in operating profit margin, damped somewhat by below-normal
operating profit margin from recent Boston Acquisition

We are actively pursuing additional acquisitions that we believe will result in
enhanced, profitable, accretive growth, and our pipeline of possible future
acquisitions has never been stronger, but there is no transaction that we
currently expect to close in the fourth quarter

Summary