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iFinix Corporation Shareholder Update
Tuesday July 11, 10:48 am ET
JAMAICA, N.Y.--(BUSINESS WIRE)--July 11, 2006--The Board of Directors of iFinix Corporation (OTC:INXR - News) would like to provide a corporate update to its shareholders on the direction and goals we are looking to achieve as an essential part of the growth and success of iFinix. It has always been management's goal to move iFinix in a deliberate fashion in order to create a viable and ongoing enterprise. Our goal is to grow iFinix from its present state to a leading content solution provider, both domestically and internationally. Management would like to see iFinix specialize in both the integration and delivery of financial data and associated tools into: web sites, corporate intranets and print media.
Management envisions this growth and success to be accomplished in two phases: Phase one will involve the submission of our Form 211 with the most update financial information from iFinix to the NASD and Pink Sheets to increase our exposure and make our corporate information more readily available and seamless to all our shareholders. We have been working with our investment advisor, Spartan Securities in completing their requirements and expect to file this disclosure information as soon as reviewed by legal counsel.
As part of Phase one, management is in the process of expanding its technical staff to increase the resources for both development and servicing of all our products. In addition we envision the creation of an advisory board, made up of industry experts whose backgrounds will provide a strong foundation to facilitate the growth of iFinix as we expand to institutional and personal users.
During Phase Two, management is also confident that we will be able to provide a version of the PhoenixPro platform for trial usage for potential users in the fourth quarter this year. Phase two will also encompass the launching of our web based product, e-phoenix, the initial marketing of the PhoenixPro platform, and more importantly, the development of other markets for exploitation. The energy market is one that we have done some preliminary research to integrate into the iFinix suite of products.
More specifically, management has estimated from the revenue model of our business plan,that iFinix is looking to establish a base revenue of between Three to five Million dollars. As we continue to execute our strategic plan, including both organic growth initiatives and consolidation opportunities, we successfully delivered top-line growth with increasing profitability
"I would like to finish by saying to both our current and potential investors, that the management of iFinix is committed and dedicated to making iFinix a definitive leader in delivering financial and business information to professionals and individual investors. We are dedicated to that end and will continue to do what is necessary to complete our goals and bring value to the company." said Doug Spadaro, iFinix, CEO.
About iFinix:
iFinix is a diversified information technology services and solutions company. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. iFinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Phoenix Provides streaming, real-time market data, news and analytics. The company's suite of products includes Phoenix Pro, the Phoenix Market Scanner, Phoenix Analyst and eifinix.
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:
iFinix Corporation
Investor Relations, 516-504-3981 x301
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Source: iFinix Corporation
