SOURCE: iFinix Corporation

iFinix Corporation

June 12, 2012 14:34 ET

iFinix Corp. Restructures Management

WHITE PLAINS, NY--(Marketwire - Jun 12, 2012) - iFinix Corp. (PINKSHEETS: INIX), a Nevada corporation, is pleased to announce the appointment of Benhope Munroe to the executive positions of President/Chief Executive Officer and a member of the Board of Directors effective June 11, 2012. Pursuant to a recent Board of Directors meeting, management has decided it is in the best interests of the Corporation and its shareholders to restructure senior management. The Board of Directors accepted the resignation of Douglas Spadaro as the President/Chief Executive Officer effective June 11, 2012. Mr. Spadaro will remain as Chairman of the Board of Directors. Mr. Spadaro stated, "I am pleased to turn over the reins to Mr. Munroe. I am confident he has the skills to take the company to the next level." Mr. Munroe further stated, "I would like to thank the Board for allowing me this opportunity to fulfill their vision for iFinix. I plan to move directly towards achieving the near term goals set forth by the Board."

Mr. Munroe was previously the Chief Executive Officer/Chief Financial Officer of INIX until his resignation in September 2011. Mr. Munroe was responsible for the daily activities of the company and worked closely with the Chairman of the Board of Directors as well as the presidents of the subsidiaries of INIX. Mr. Munroe was also responsible for the preparation and review of the financial statements of INIX.

About iFinix Corp.

iFinix Corp. is a holding company offering an integrated and advanced trading suite which combines order routing, trade management, charting, analytical information, news and fundamental data from major data and information sources into single workstations. iFinix Corp. is also planning on acquiring various operating businesses.
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Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about iFinix Corp., please refer to its website at