ex99_2.htm

3rd Quarter
Ended September 30, 2008

INX Inc.

Nasdaq: INXI

www.INXI.com

November 6, 2008

Financial Results

Agenda For The Conference Call

1. Comments on recent market developments.

2. Presentation of the results for the quarter and discussion of certain financial trends,
balance sheet and liquidity

3. How INX is addressing the current economic and market conditions

4. Outlook for the future

5. Take questions

GAAP Reconciliation and
Forward-Looking Statements

All financial results shown are for continuing operations unless otherwise noted

GAAP Reconciliation

Safe Harbor Statement

Q3 Financial Results

Balance Sheet & Liquidity

Third Quarter Ended 9/30/2008 Results

(dollars in thousands, except EPS)

9 Months Ended 9/30/2008 Results

(Dollars in thousands, except EPS)

Balance Sheet Data

(Dollars in thousands)

Credit Availability and Liquidity

Record levels of cash on hand at $15.8 million, or $1.82 per share in cash

During Q3 we spent $557,000 to repurchase 79,940 shares under our repurchase plan

No funded debt outstanding under credit lines

$60 million operating credit facility used to purchase product from vendors for resale to
customers had an outstanding balance of $39.4 million (subject to collateral availability)

$10 million credit facility available for acquisitions with zero balance

Generating positive cash flow from operations of the business:

Ø Q3 non-cash equity compensation expense was $429,000

Ø Q3 non-cash depreciation and amortization expense was $664,000

Ø Q3 non-cash income tax expense was $395,000

Recent Market Developments

INX Plans For Addressing Changing Environment

Recent Market Developments

When we announced Q2 results on August 12th, we had seen a trend of sequentially
improving bookings between March and July, a statistic we used, together with other
data, to conclude that customer demand was improving

For Q3-08, organic (excluding acquisitions) product order bookings increased by 34%
y/y, with the strongest y/y growth occurring early in the quarter in the month of July

Financial market turmoil in late September and early October caused a pause in
customer decision making, which together with credit availability issues, caused
customer demand to slow substantially in early October - organic bookings decreased
by 26% for the month of October

However, organic order bookings improved for the most recent two weeks, with the two
weeks ended October 25th and November 1st increasing by 36% and 37% y/y
respectively

While order bookings for the two most recent weeks are encouraging, it is too early to
know if the recent improvement is a trend

Consensus thinking indicates an economic recession in the U.S. over the upcoming
several quarters

Impact Of Recent Market Developments

Recessionary economic environment, combined with tight credit availability will
negatively impact customer demand in Q4-08 and probably in Q1-09

Tight credit availability will likely cause some leveraged competitors to experience
capital constraints and related performance issues

There will likely be a redistribution of industry revenues based on balance sheet
strength and credit capacity

INX can benefit because of our balance sheet strength and credit capacity

To take advantage of this market opportunity we must try to hire top sales and
engineering talent that becomes available, as well as make acquisitions

Hiring during a period of weakened customer demand will negatively impact operating
profit margin percentage in the near-term, but will improve earnings potential when
customer demand improves

Why We Are Optimistic About INX’s Long-Term Prospects

INX is focused on some of the best areas of technology, from a growth perspective

Unified communications is still in a state of relative infancy; the majority of enterprise
phone systems are still antiquated TDM PBX technology; many organizations can
experience a tangible ROI from deploying UC, beneficial in good or bad times

Growth in network storage capacity, which occurs irrespective of economic conditions, will
continue to drive demand for upgrading storage; the natural path of upgrade is to newer
technology that INX is focused on deploying

Virtualization of servers has one of the most compelling ROI metrics of any area of IT and
communications enterprise spending, and delaying the deployment of virtualization
because of an economic downturn is therefore illogical

Virtualization of servers within the datacenter often requires an upgrade of the network
infrastructure within the datacenter

Network security issues will continue unabated, irrespective of economic conditions, and
failure to resolve security issues “is not an option”

Web 2.0 enterprise applications are moving into the enterprise environment and will
increase the use of video in the enterprise.

TelePresence video communications solutions help save money by reducing travel costs
and this area of technology is expected to continue to grow

How We Are Addressing Recent Market Developments

Plan to gain market share through the expected slowdown in customer demand

Newer practice areas (virtualization, network storage, network security) provide additional
revenue opportunities from new and existing customers

Hire more high quality sales talent at a time when they will be more generally available

Hiring will increase costs at a time when decreased customer demand depresses revenue
per customer and revenue per employee

Actions will reduce operating profit margin percentage as compared to levels that could be
achieved if we did not take such actions

Actions should result in the company being better positioned for the time when customer
demand improves

We also intend to aggressively control costs other than direct costs of generating revenue
during this period of downturn in demand, including making selective cost reductions

We will continue to monitor market conditions and make adjustments if necessary

Staffing Trends
- Key To Both Growth and Improving Margins

Dec 31,

2004

+156%

+278%

Dec 31,

2007

Incr.

Jun 30,

2008

Incr.

+13%

+30%

1H-2008

For 2007, direct employee costs were 68% of total operating expenses, so leveraging
employee costs is key to improving operating profit margin; sales staff and engineering
staff are direct revenue producing staffing, and we have been able to leverage non-direct-
revenue-producing staff - key to improving profit margin

Direct revenue-producing staffing increased 30% in 1H-2008 compared to 13% increase for
non-direct revenue producing staff - key to continued organic revenue growth

During Q3-2008, sales staffing increased 11% - key to capturing market share

Long-Term Trend

Q3-2008

Incr.

Sep 30,

2008

+ 5%

+ 1%

vs.

Outlook

Summary / Highlights

3rd Quarter Results

Outlook