SOURCE: iFinix Corp.

October 03, 2007 12:44 ET

iFinix Corp. Reports Financial Results for Last Half of 2004 and the Full Years of 2005 and 2006

JAMAICA, NY--(Marketwire - October 3, 2007) -


Recent Significant Developments

--  Successfully launches iFinix RealTime Information Platform
--  Raises $1 million in private placement
--  Signs letter of intent with Legend Securities to license the iFinix
    Trader Platform
--  Added one hundred features to iFinix RealTime Information Platform,
    including technical data and charts, alerts and indicators
    

iFinix Corp. (PINKSHEETS: INXR) today reported its unaudited financial results for the last two quarters of 2004 and the calendar years of 2005 and 2006.

In the first two and a half years of operation, iFinix reported total aggregate revenue of $246,397, which stemmed largely from its computer services business operations. In the same period, it reported aggregate losses of $4.93 million, which included $3.68 million of non-cash items for accounting charges from the issuance of company stock and its convertible debenture.

iFinix Chairman Drew Budhu said, "iFinix proudly presents its financial statements, which dramatically underscore our tremendous accomplishment of producing and launching the iFinix RealTime Information Platform. In only three years, with a modest cash loss of $1.24 million, we got the company through its development stage."

"We have worked very hard with limited resources to report to our investors the best financial information possible, covering the first two and a half years of iFinix's development stage," he added.

"We worked through a number of complex accounting issues and now we plan to provide the financial information for the first six months of this year very shortly," he said.

"iFinix is now poised to earn revenue from its RealTime Information Platform, the premier decision-support system that helps active investors in microcap stocks trade efficiently and at the right current price," he added.

Budhu noted that the company recently added one hundred features to the RealTime Information Platform, including technical charts data, alerts and indicators. With these built-in real-time decision-support tools, he noted, traders can perform simple to complex calculations using real-time information from more than 100 markets, which helps level the playing field for individuals in competing with professionals in the market.

To see the financials, here is the link: http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12033

Additional information about the features is available by calling iFinix at 516-504-3981.

The iFinix RealTime Information Platform provides pricing and volume information to microcap traders and broker/dealers of microcap stocks equal to that available on blue-chip stocks. Its price reporting is precise to the sixth decimal point -- two decimal points greater than its competition -- a difference that is financially significant to frequent traders.

About iFinix Corp.

iFinix is a diversified information technology services and solutions company with expertise in 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

Legal Notice Regarding Forward-Looking Statements:

Safe Harbor: 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 x301