SOURCE: iFinix Corporation

iFinix Corporation

April 08, 2011 09:36 ET

iFinix Acquisition Update

PLAINVIEW, NY--(Marketwire - Apr 8, 2011) - iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today announced it has acquired a majority ownership of Oakbridge Management, Inc.

iFinix has acquired a 51% controlling interest in Oakbridge Management, Inc., a New York-based private investment firm for 250 million restricted shares. As a result, iFinix' Balance Sheet now reflects additional assets of approximately 3 million dollars. This represents exponential growth in the company's asset value; which in turn, should allow the company to obtain future financing and move aggressively towards completion of its 2011 business goals.

CEO Benhope Munroe stated, "The successful completion of this acquisition is projected to allow iFinix a vehicle to obtain operating capital and flexibility to expand the company's subsidiaries. We are pleased to announce this acquisition to our shareholders and re-confirm our original commitment to pursue avenues that enhance shareholder value by meeting and exceeding our stated goals. As noted in our recent conference call, the increase in authorized shares was done for the purpose of mergers and acquisitions. iFinix has no plans to conduct a reverse split."

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.comwww.ifinixsoftware.comwww.proactivefutures.comwww.ifinixforex.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.