MIAMI, Jan. 4, 2012 — /PRNewswire/ — Internal Fixation Systems, Inc. (OTC QB: IFIX) Dear Shareholders:As we approach the end of 2011 and greet the New Year, I write to recap the material events occurring at Internal Fixation Systems, Inc during 2011. After almost nine months, our registration statement was finally declared effective by the Securities and Exchange Commission (SEC). It was very nerve-racking towards the end as we were approved (on May 13), literally the day before our numbers would have gone stale which would have meant another two months of waiting. Once being declared effective by the SEC, we then had to face a similar process, this time with FINRA. After two months of responding to FINRA questions, we thought it was over, however, like the “Bear Who Climbed Over the Mountain” song when I was a kid, what do you think we saw? We saw another mountain and what do you think we did- correct! We climbed yet another mountain in that once we received FINRA authorization, we had to then have an opening price established. Once the opening price was established, we had to obtain DTC (Depository Trust Corporation) eligibility so our stock could actually trade electronically. In the six weeks since we have been trading, we still have very low trading volumes. It turns out that many of our shareholders have yet to even put their shares in brokerage accounts. If you have not and you intend to position your shares for public sale, it would be better if you did sooner rather than waiting. Regarding our business, we finally got the Modular Locking Small Fragment System launched during mid- November. We continue to tweak small things and anticipate a national launch early in 2012. We have signed distributor agreements thus far for 18 states and could sign more if we had more product. Our straight pates have started coming off the line and our calcaneal plates will start coming off the line in the next month. We have established National Advisory panels in Orthopedics, Podiatry, Hand, International, Health Policy and Spine. I am very pleased to announce that Art Steffee, considered to the father of modern spine surgery has agreed to be our Chair of our Spine panel. This is a very significant accomplishment for a company our size. We continue to be in discussions with a number of potential opportunities which would allow us to expand our product offerings in the near term. Your management team is very focused on the tasks at hand.I am pleased that we have recently added three new Board members; Jay Higgins, former Vice Chairman of Solomon Brothers; Bob Kuechenberg, former NFL player and member of the 1972 Undefeated Dolphin Team; and Hugh Quinn, VP of Sales of Medical Practice Management software company, CareCloud. These three bring distinct and unique skills to IFS and will serve us well .I hope to keep you informed as new events occur. I wish all of you a Happy and Prosperous New Year and a Happy Holiday Season.Warmest regards,Stephen J. Dresnick, MD, President/CEO
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