SOURCE: iFinix Corporation

iFinix Corporation

June 24, 2010 11:25 ET

iFinix Corp. Shareholder Update

PLAINVIEW, NY--(Marketwire - June 24, 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 it would like to update and inform investors of recent corporate actions and activities.

The company has received several inquiries and noted shareholder concerns regarding the corporate status on and the recent share price fluctuations. 

CEO Benhope Munroe stated, "We have undertaken a thorough review of the PinkSheets disclosure information requirements and spent additional time reviewing these requirements with our legal counsel, in order to ensure full and adequate information is available to the marketplace. iFinix Corporation has submitted the appropriate informational documents and expect to see the status change to 'Pink Sheets Current Information' within the next few days."

Mr. Munroe added, "iFinix would like to reassure shareholders the company's capital structure remains essentially the same the authorized is still 288,000,000 the outstanding is 259, 877,807 and the float is 136,012,191 which has increased somewhat as the company from time to time has issued shares as currency in return for various goods and services necessary to foster the growth of iFinix. Members of the management and officers of the company have never sold shares into the open market and do not intend to do so. When the company is in need of funds where the use of proceeds can add more value to the company by 'fast tracking' growth and development, it will always consider an offering to our shareholders first as this also gives those shareholders that are 'underwater' an opportunity to reduce their cost basis while keeping the shareholders percentage of ownership virtually unchanged. The company is acutely aware of the recent large volume of shorted shares and has submitted these anomalies to our legal counsel for review. Additionally, FINRA has been notified of these concerns."

Regarding iFinix product offerings, the iFinix RealTime upgrade is currently in the final stages of internal and external beta testing. Once completed, current subscribers will receive notification of the upgrade and download instructions via email.

Mr. Munroe concluded, "I can assure you that all divisions of iFinix have been working tirelessly and are committed to the success of iFinix Corporation as a whole. We anticipate sharing announcements of additional personnel and operational capabilities in the weeks ahead."

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

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.