SOURCE: iFinix Corp

iFinix Corp

February 03, 2009 10:51 ET

iFinix Corp. Shareholder Update

PLAINVIEW, NY--(Marketwire - February 3, 2009) - iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, is pleased to update its shareholders.

First of all I would like to take this opportunity to wish all iFinix shareholders a happy and healthy new year. The management of iFinix is very optimistic that 2009 will be a happy and productive year for the company.

I am acutely aware that investors are anxious to be brought up to date on all recent developments in the company, especially those regarding announcements the company has made since my appointment as CEO of iFinix. However, the new management and I have determined that it is not in the company's best interest to generate pre-mature announcements regarding forward-looking company developments. Inevitably, everything takes longer than expected to accomplish. This only tends to dishearten our shareholders and causes the management and myself to lose credibility. We have determined that it is in the best interest of the shareholders to first work diligently on achieving those goals which we set forth for the company rather than waste time putting out "fluffy" press releases.

When I was put in control of the company in June 2008, I faced many difficulties within the company and made the decision, that in order to turn the company around we had to withdraw our software from the market for a complete revision and upgrading, and focus our efforts on acquiring 100% of Proactive Futures in an all cash transaction. Since we took ownership of Proactive, the company's revenue has grown and today Proactive is a cash flow positive company. The parent company iFinix Corp will now be able to sustain itself from the cash flow generated by its subsidiary Proactive Futures. We have succeeded in stabilizing the company and continue to increase the revenues of Proactive. We are also looking forward to continued growth by entering the Forex market through our joint venture with Island Forex Trading. We have accomplished the above by staying focused and working diligently towards moving forward. We believe we can steadily increase the revenues of each of our trading divisions. This alone should make iFinix Corp. a significantly profitable company.

I can say with confidence that the "promises" I made to you are soon to become a reality, however I will announce each and every development only when it becomes a reality.

Our intent is to continue to aggressively build our base of commodities traders in Proactive, develop a broad base of forex traders and also enter into the equity trading arena. Our goal is to make iFinix Corporation a holding company consisting of multiple subsidiaries and to create a fully synergistic group of operating companies, offering a full range of complementary products and services to active traders and the institutional and retail investment community. We also endeavor to have a significant number of traders in the aforementioned markets and then bring forth our newly developed state of the art trading software to each trader in all three of our trading divisions. In other words our strategy is to bring our software to our traders rather than try to bring traders to our software.

Furthermore, once our trading entities demonstrate that our platforms are the "cutting edge" technology available in its space, we will then set forth to license it to other trading firms and market it to individual subscribers.

In conclusion, we are now ready to move forward more aggressively. My promise to you now is that 2009 will be a very promising year for iFinix.

Benhope Munroe
255 Executive Drive
Suite 410
Plainview, NY 11803

About iFinix Corp.:

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

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