iFinix Corp. Signs Letter of Intent With Legend Securities to License the iFinix
RealTime Information Platform
JAMAICA, NY, Jul 10, 2007 (MARKET WIRE via COMTEX) -- iFinix Corp. (PINKSHEETS:
INXR) a provider of real-time financial information and services to active
traders and to the securities industry, announced today it has signed a letter of
intent with Legend Securities, Inc. ("Legend"), a New York City-based securities
broker/dealer, Member NASD/MSRB/SIPC, to license its iFinix RealTime Information
Platform.
iFinix RealTime is a desktop information platform that supplies streaming quotes
of the most timely and accurate pricing and volume data available for microcap
stocks today.
iFinix's Chairman, Drew Budhu, said, "Legend Securities, which is a full service
independent broker/dealer that provides trading and brokerage services to
institutional, active trading and retail clients, is the first of an expected
army of securities firms that will be offering their clients iFinix's quality
information on microcap stocks that is simply not available elsewhere."
Legend's CEO, Anthony Fusco, said, "We are eagerly anticipating introducing our
clients, who trade in microcap stocks, to the timely and accurate iFinix RealTime
Information Platform data. I am sure they will be happy with the excellent
functionality that this platform offers all microcap market participants."
Under the terms of the agreement iFinix will provide computer software for its
electronic securities information platform to Legend, which has agreed to
introduce iFinix's trading platform to its potential customers and existing
clients.
As Legend experiences increased trading volume, their clients (broker/dealers,
institutions, hedge funds, and active traders), will benefit as a result of using
the iFinix RealTime Information Platform in the form of lower price per ticket.
Upon completion of this letter of intent, both parties, iFinix and Legend, will
complete a non-disclosure and confidentiality agreement.
About Legend Securities, Inc.
Legend Securities, Inc. is a Full Service Securities Brokerage Firm, Member NASD,
MSRB, SIPC, providing services to individual as well institutional clients. The
company's products range from stocks, options, and fixed income instruments to
life insurance products. We specialize in providing a broad range of services to
the individual and institutional client. Legend's management is has over 50 years
of COMBINED experience in the Financial Services and Securities Industry.
