SOURCE: iFinix Corporation

March 19, 2008 09:00 ET

iFinix Corp. Acquires Futures and Options Firm

Acquisition to Expand iFinix's Product Offerings, Brand Awareness

GARDEN CITY, NY--(Marketwire - March 19, 2008) - iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today it has signed an agreement to acquire privately held ProActive Futures, Plainview, NY, a futures and options brokerage firm, in an all-cash transaction.

Founded in 2002, ProActive Futures is a full-service futures and options brokerage firm, specializing in trading commodity futures. It offers access to major futures and commodities exchanges and markets across the world. ProActive will operate as a subsidiary of iFinix and under the name IFinix Futures.

The acquisition is expected to be immediately accretive to iFinix's earnings.

Doug Spadaro, chief executive officer of iFinix, said, "We are excited to expand into this segment in the industry. ProActive has an excellent track record in commodities future trading and an excellent established customer base.

"In addition to the additional positive revenue stream," he said, "the acquisition expands our product offerings and brings greater brand awareness for iFinix through ProActive's broad customer base. We look forward to continuing to announce more exciting developments to our shareholders in the near future."

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.com.

About ProActive Futures

ProActive Futures, based in Plainview, NY, is a full service futures and options brokerage firm that provides professional services to individuals, fund managers and institutions who require leading edge technology to satisfy their trading needs. ProActive Futures offers trading services in Bonds & Interest Rate futures, Currencies, as well as precious metals, energy products and various other commodities. The firm provides trading access to major markets and exchanges across the world including, CME, CBOT, CBOT, NYMEX, EUREX, LIFFE, COMEX, NYBOT. For more information please visit www.proactivefutures.com.

Legal Notice Regarding Forward-Looking Statements:

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