SOURCE: iFinix Corp.

January 23, 2007 13:57 ET

iFinix Announces Progress on Preparation of Its Financials and Plans for Move to OTCBB

NEW YORK, NY -- (MARKET WIRE) -- January 23, 2007 -- As previously announced, iFinix Corp (PINKSHEETS: INXR) has filed its form 15c211 disclosure statement to become a fully reporting company and has retained CFO Professional Services, LLC to help prepare the required financial statements to become a fully reporting company. CFO Professional Services, LLC is in the process of working with iFinix on these financial statements. Once completed, iFinix will be able to move forward to becoming a fully reporting company, allowing iFinix to file its financial statements with the SEC and provide full disclosure and transparency to the investing public.

At the suggestion of company counsel and the approval of the board of directors it is the company's intent to seek listing on the OTCBB and will begin the application process as soon as practicable.

In commenting on iFinix Corporation's future, Dhruvnanand Budhu said, "We appreciate the loyalty expressed by our many stockholders over the years and intend to maintain open channels as to fully inform them of our progress. We look forward to some very exciting developments and accomplishments in the coming months."

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 eifinix.

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