SOURCE: iFinix Corporation

iFinix Corporation

March 16, 2010 14:43 ET

iFinix Corp. Engages Investment Banker

PLAINVIEW, NY--(Marketwire - March 16, 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 it has retained Network 1 Financial Securities, Inc. to act as its Investment Banker.

Having observed the steady progress at iFinix, Network 1 determined that they would offer iFinix their full range of investment banking services. Subsequently, iFinix Corp. and Network 1 Financial agreed to enter into an investment banking service agreement. This action is in line with the iFinix game plan to have Wall Street become aware of the inherent potential of iFinix's financial information and trading platform.. The company believes that Network 1 is the natural choice to showcase the company to the professional investment community, including securities firms and research analysts that specialize in small-cap companies.

Network 1 is dedicated to assisting public companies achieve long term growth and financial well-being, with a view towards building a strong business thereby enhancing shareholder value. Network 1 is prepared to offer iFinix their full range of investment banking services, such as Strategic Planning, Mergers and Acquisitions, Investor Relations and introductions.

Established in 1983, Network 1 Financial is a full service broker dealer headquartered in Red Bank, New Jersey.

Network 1 Managing Director Damon Testaverde stated, "iFinix is a company that uniquely conforms to the profile we look for when choosing a client in the small-cap arena, where a sound business model can lead to a compelling investment. We are looking forward to working with iFinix to reach its full potential."

iFinix CEO Benhope Munroe commented, "The Board of Directors and the Management of iFinix feel privileged to have Network 1 as its Investment Banker. We have developed a mutually strong and trusting relationship. They are now ready to put their combined ninety years of experience on Wall Street to help iFinix reach our full potential."

iFinix Chairman Douglas Spadaro added, "The relationship with Network 1 is yet another integral piece of the puzzle needed for iFinix to fast track its growth and become a major player in its space. I am confident that Damon Testaverde and the Network 1 team are particularly well equipped to quarterback our drive through the minefield known as Wall St." 

iFinix is a diversified information technology services and solutions company with expertise in systems integration, outsourcing, and 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

    Or

    Network 1 Financial Securities, Inc.
    (732) 758-9001