SOURCE: iFinix Corp.

September 20, 2006 09:00 ET

iFinix Signs Partnership Agreement With CMA Station

JAMAICA, NY -- (MARKET WIRE) -- September 20, 2006 -- The Board of Directors of iFinix Corporation (PINKSHEETS: INXR) are pleased to announce the signing of a Partnership Agreement with CMA.

The partnership agreement with CMA will allow iFinix to expedite the use of its trading software by utilizing the infrastructure already in place from CMA. The combined use of both company's technologies will allow iFinix to save substantially on infrastructure costs as well as share an existing data feed.

Mr. Dhruvanand Budhu, iFinix Chairman, commented, "I am very excited about the dynamics the relationship with CMA brings iFinix. Not only does this decrease our time to market and reduce development costs, it provides iFinix with a revenue sharing model and the ability to see revenue from the sale of our product suite."

"We are pleased to provide iFinix with the infrastructure and technology that we have built over the past years. CMA's Global Financial data coverage and technology, coupled with iFinix's extensive marketing model, will provide clients with a wide array of solutions to their changing needs," Mr. Mario Chuman, CMA General Manager, added.

About CMA:

CMA delivers real time data from major European, South American, and U.S. equity exchanges, futures and commodities exchanges, Foreign Exchange, cash markets, etc. with large historical database available. Along with its high quality data feeds, CMA has applications that allow users to perform graphic analysis, fundamentals, obtain historical data, develop technical studies, view quotes and news. In addition, CMA has a proven track record of successfully delivering market coverage and innovative systems that add value to a customer's business decision. As the largest financial information provider in Latin America, CMA offers the best and only choice for many emerging market players involved in today's global trading market.

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 Pro 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.

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