SOURCE: iFinix Corporation

iFinix Corporation

January 20, 2010 15:13 ET

iFinix Corp. Announces RealTime Launch

PLAINVIEW, NY--(Marketwire - January 20, 2010) - iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today that the Data Service Provider required the purchase of additional hardware to support anticipated heavy RealTime traffic.

Over the past few weeks, while the data center has been working on solving various problems, iFinix has been conducting Beta testing of RealTime with selected subscribers. This Beta testing has been conducted with the Level 1 data feeds, which are delivered by the data center. The Beta testing has gone extremely well and has proven to the company that RealTime is functioning extremely well.

THE COMPANY WILL LAUNCH REALTIME ON MONDAY, JANUARY 25, 2010.

Initially RealTime will not have level 2 or the pinksheets, but iFinix will allow subscribers to use it at no charge until both the level 2 and pinksheet data is provided, at which time the subscribers will begin to be billed $29.95 per month. However, when level 2 becomes available, those subscribers that add level 2 to their service will receive an additional month free of charge, after which total of RealTime including Level 2 will be $39.45.

The encoding problems have been solved. However, after testing the various data feeds, the data service provider determined the need for additional and more robust data handling hardware. The new hardware is expected to arrive later this week. Once installed, the data provider will test the hardware, load software and coding, and run the feeds through the new handlers. The feeds will then be sent to iFinix's RealTime servers. At that time the company will then further test the feeds.

CEO Benhope Munroe stated, "I am pleased the data provider was able to identify this hardware requirement prior to the launch rather than after. This new hardware will provide faster and extremely reliable feeds into the RealTime servers. I greatly appreciate the shareholders continued patience and loyalty."

About iFinix Corp.:

iFinix is a diversified information technology services and solutions company with expertise systems integration, outsourcing, infrastructure and server technology. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news, and analytics to professionals and active individual investors. The company's suite of products includes iFinix RealTime, iFinix Trader and eFinix. Visit http://www.iFinix.com, www.ifinixforex.com, www.proactivefutures.com, www.ifinixsoftware.com

Legal Notice Regarding Forward-Looking Statements:

This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of iFinix Corporation to be materially different from the statements made herein.

Contact Information

  • Contact:
    iFinix Corporation
    Investor Relations
    516-504-3981