SOURCE: iFinix Corporation

iFinix Corporation

December 04, 2009 10:45 ET

iFinix Corp. Shareholder Update

PLAINVIEW, NY--(Marketwire - December 4, 2009) - iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, recently announced that FINRA has approved the Company's 15c-211 application filed on their behalf by Network 1 Financial Securities, Inc.

The approval of the company's 15c-211 application allows Network 1 to "make a market" in the company's stock, conducting principle buy and sell orders. Since the FINRA approval the company has received numerous inquiries as to what impact the FINRA approval and iFinix/Network 1 relationship will have on all aspects of the company's status and future developments.

The company is pleased to report that we have begun to receive a steady flow of proposals from various funding sources and investment bankers who are interested in providing financing to help expedite the growth and expansion of each of the company's divisions.

At this time the company is not considering accepting any of these other offers. iFinix prefers to give its own shareholders the right to purchase discounted shares to help fulfill the company's funding requirements where possible. The company's "B" warrants are expiring on December 30, 2009, which if exercised would provide the necessary capital required for the initial launching of Realtime. Management is confident that REALTIME WILL BE ON TIME.

In order for the company to respond to the multitude of inquires iFinix is scheduling a teleconference on Friday, December 11th at 4:30 pm EST.

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.

Contact Information

  • Contact:
    iFinix Corporation
    Investor Relations


    Network 1 Financial Securities, Inc
    Keith Testaverde