SOURCE: iFinix Corporation

iFinix Corporation

September 14, 2010 13:17 ET

iFinix Corp. Forward Split Update

PLAINVIEW, NY--(Marketwire - September 14, 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 after numerous conversations with various Finra examiners, Finra was unable to give the Company a time as to when Finra would approve the Company's application for its 2 for 1 stock split.

iFinix submitted its application to Finra on August 31st 2010 and was required by industry regulation at that time to announce the submission of its application for the split and also to announce the "record date." Subsequently, the Company promptly submitted all of the additional documents requested by Finra for examination. Now the Company patiently awaits Finra's approval of its application. Finra also indicated that under certain circumstances they may invoke their right to change the "record date" at their own discretion.

CEO Benhope Munroe stated, "The Company has done everything possible to expedite this process, but now it has become a waiting game." However Mr. Munroe added, "None of this will prevent the iFinix management, officers and directors from aggressively pursuing the company's goals. We are dedicated to continue to move forward and accomplish all that we set out to do starting from my appointment to the position of CEO fifteen months ago."

About iFinix Corp.:
iFinix is a diversified information technology services and solutions company with expertise 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

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.