SOURCE: iFinix Corporation

December 07, 2006 09:21 ET

iFinix Hires CFO Professional Services, LLC

JAMAICA, NY -- (MARKET WIRE) -- December 7, 2006 -- The Board of Directors of iFinix Corporation (PINKSHEETS: INXR) is pleased to announce that it has engaged CFO Professional Services, LLC (CFO) as the Company's interim solution to the role of Chief Financial Officer. CFO has committed one of their partners, Mr. Scott Moore, as the lead supervising partner to the Company. Mr. Moore has been a Certified Public Accountant for more then 20 years and has worked in senior auditing roles at such highly respected national and regional accounting firms as Deloitte Haskins & Sells and Harper, Van Scoik & Company, LLP. Most recently Mr. Moore spent five years as the Chief Financial Officer for eAutoclaims, Inc., an Internet-based provider of vehicle collision claims services for the insurance industry.

CFO's responsibilities will include preparing financial statements, audit schedules and financial analysis, preparing registration statements, supervising and coordinating all subsequent quarterly and annual reviews and filings with independent accountants and the Securities and Exchange Commission (SEC) and establishing and monitoring the necessary controls outlined by Sarbanes Oxley legislation.

iFinix 's Chairman Drew Budhu stated, "We are confident that CFO will provide our company with the finance leadership and insights that will help us attain our near-term goals, which include the completion of the Company's 15c211 filings, proper preparation for our SEC compliant audit and the registration statement necessary to become a fully reporting company. We are delighted to have them join the iFinix team."

About iFinix:

iFinix is a diversified information technology services and solutions company. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. iFinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Phoenix Provides streaming, real-time market data, news and analytics. The company's suite of products includes Phoenix Pro, the Phoenix Market Scanner, Phoenix Analyst and efinix.

About CFO Professional Services, LLC

CFO Professional Services specializes in providing financial management services to companies in the Tampa Bay area. The strategies employed by our experienced staff can assist clients in business turn-around situations, implementation of Sarbanes-Oxley, convertable bond valuations, SEC filings, installing a new financial system or providing temporary CFO services.

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