SOURCE: iFinix Corp.

November 30, 2007 13:24 ET

iFinix Corp. to Broadcast Shareholder Update the Week of December 3 in Live Web Cast at www.helloworld.com

JAMAICA, NY--(Marketwire - November 30, 2007) - iFinix Corp. (PINKSHEETS: INXR) announced today that CEO Douglas Spadaro will present a shareholder update in a live web cast on helloWorld.com the week of December 3.

iFinix CEO Douglas Spadaro said, "We are pleased to announce the second shareholder update. In this broadcast, the management will update shareholders on progress of product development and the status of the outstanding Letters of Intent, including the letters with Legend Securities, a New York City-based securities broker/dealer, and Diversity Group International, a provider of financial educational programs. Spadaro will also give a general update on future contracts under consideration."

Drew Budhu, chairman of iFinix, said that, "iFinix remains fully committed to its strategic business plan and to the fulfillment of its growth expectations."

He noted that he "Neither saw nor knew of any reason for any change in the company's fundamental valuations or in its optimistic outlook."

Budhu added that the contracts would enable the company to break-even in 2008, since the major product development costs were completed in 2007.

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

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