SOURCE: iFinix Corp.

October 16, 2007 14:03 ET

iFinix Corp. Reports Its Financial Results for the First Quarter, Ended March 31, 2007

JAMAICA, NY--(Marketwire - October 16, 2007) - iFinix Corp. (PINKSHEETS: INXR), today reported its unaudited financial results for the three-month period, ended March 31, 2007.

For the period, the company reported a net loss of $499,742. This loss includes stock-based compensation, a non-cash item, of $126,125.

iFinix Chairman Drew Budhu said, "With the launch of the iFinix RealTime Information Platform, the company made significant progress this year."

"We are pleased to be filing the financial results for the first quarter," he added. "We will continue to fulfill our commitment to provide full transparency to shareholders."

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.

To see the financials, please visit:

http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12117

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