SOURCE: iFinix Corporation

iFinix Corporation

February 25, 2010 14:30 ET

iFinix Corp. Closes Beckman Acquisition

PLAINVIEW, NY--(Marketwire - February 25, 2010) -  iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today that the company has acquired a controlling interest of 82% in Beckman Holdings in an all stock transaction.

The acquisition of Beckman Holdings by iFinix Corp. will impact the company on several levels. Beckman Holdings is the parent company of Island Forex, a currency trading firm with over 1000 active and inactive accounts. Richard Dank, President of iFinix Futures, will oversee the development of Island Forex, where Mr. Dank will apply the same set of skills that he has already used to build iFinix Futures.

The other subsidiary of Beckman Holdings, Underwood Holdings, will be used as the platform to establish iFinix Capital. This division will serve the equities market and will be headed up by Douglas Spadaro. Mr. Spadaro has held senior-level management positions in various equities and bond firms and is well qualified to spearhead such an undertaking.

Mr. Spadaro has been in negotiations with an established group of investors, traders and money managers to join iFinix Capital once it is established. This will provide an immediate base of revenues for iFinix Capital from which to build on.

iFinix Corporation Chairman, Douglas Spadaro, stated, "iFinix has now completed the foundation of the company's long-range strategic operating plan. I am very confident shareholders will be richly rewarded as the company continues to grow through our trading divisions and various software trading platforms."

With these fundamentals in place, iFinix will derive revenues from the day-to-day operations of three subsidiaries. Additionally, with trading firms in the Commodities, Forex, and Equities markets, iFinix will have three separate client bases representing a "captured audience" with which to cross-market the company's cutting edge trading software products, therefore generating additional revenues for its fourth division -- iFinix Software.

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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 www.ifinixforex.com 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
    516-504-3981