SOURCE: iFinix Corp.

March 07, 2007 10:30 ET

iFinix Corporation to Patent Proprietary Technologies

JAMAICA, NY -- (MARKET WIRE) -- March 7, 2007 -- iFinix Corp (PINKSHEETS: INXR) announced today it is preparing for submission to the United States Patent and Trademark Office an application for patent protection of the data routing and execution processes found within iFinix's proprietary client-server programming code base.

iFinix chairman Drew Budhu commented, "iFinix has built a very valuable core expertise in the parsing, processing and routing of market data with full consideration of the complex computational demands placed on any data provider with an execution model. The company must protect its now considerable proprietary asset base from future competition and for the benefit of all shareholders. Filing for patent coverage is integral to enhancing the value of the company in terms of partnerships, mergers or acquisitions."

iFinix partner Deep Sea Logistics has already filed U.S. Patent Application 20060271376 to protect the logistical processes developed by the company for commercial use in the industrial materials cargo sector. These processes have been programmed by the iFinix Corporation to create a full featured B2B client-shipper brokering interface designed to locate, price and book surplus shipping capacity worldwide. iFinix and Deep Sea Logistics are the primary partners with equity stakes in the FastFix system and will share revenues derived from FastFix sales.

Deep Sea Logistics CEO Vijay Iswara said, "The development of our logistic solutions programs by the iFinix Corporation has been exceptional, from server code and database functionality to an integrated front-end client interface. There is an enormous unexploited opportunity in the shipping brokerage field due to the lack of a centralized clearing house for locating and pricing surplus shipping capacity. The fees collected for matching suppliers and clients with shippers are very lucrative when handling the mega-tonnage of industrial material shipments."

Mr. Iswara is presently in discussions with numerous major shipping firms, raw materials providers and investment banks with interests specific to the shipping sector as the groundwork laid by Deep Sea Logistics has begun to attract direct inquiries from major participants in these respective business areas.

Deep Sea Logistics will seek to establish an active currency trading desk as an ancillary income stream and hedging strategy deriving key trade analytics from a growing global database on the market demand for and shipment of industrial materials. This initiative will draw directly on iFinix expertise in the development and implementation of financial trading systems.

About iFinix:

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.

Deep Sea Logistics:

About FastFixInc:

At Fastfix Inc. we offer the most comprehensive technology solution for international dry bulk cargo shipping business. The proprietary technology FastFix™ offers the complete transactional solution. We provide primary converging point for fixing (finding employment) the ships. Our technology integrates pertinent complex global data from various sources and translates into actionable set of solutions for various parties involved. The system attempts to eliminate banking related guesswork when chartering ships, provides commercial, technical data related to commodities, ports, ships, weather, political & currency risks and helps evaluate financial feasibility for concluding a specific transaction within few seconds thereby reducing weeks or months of work into few manageable steps. We serve cargo owners, ship owners, ship brokers, International traders and International bankers.

U.S. Patent Application 20060271376: l&r=1&f=G&l=50&s1=%2220060271376%22.PGNR.&OS=DN/20060271376&RS=DN/200602713 76

Legal Notice Regarding Forward-Looking Statements:

Safe Harbor: 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
    516-504-3981 x301