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.
