iFinix Reports Further Progress on 2007 Business Plan In Day Three of Operations, More Than 100 Subscribers Are Reaping Benefits From iFinix's RealTime Information Platform
JAMAICA, NY, Jul 19, 2007 (MARKET WIRE via COMTEX) -- iFinix Corp. (PINKSHEETS: INXR) announced today progress in achieving its 2007 Business Plan.
The company announced that subscribers have given an enthusiastic reception to the RealTime Information Platform. In addition, the subscription list now exceeds 2,000.
As to the status of the other primary objectives of the 2007 Business Plan, iFinix reported that it:
-- signed a letter of intent with Legend Securities, Inc., a New York
City-based securities broker/dealer, Member NASD/MSRB/SIPC, to license its
iFinix RealTime Information Platform;
-- plans to initiate the second round of the marketing program of
television commercials on Monday, July 23;
-- plans to add features and other functions to the RealTime Information
Platform as well as fundamental data feeds;
-- expects to launch iFinix Trader, which adds trade execution
functionality and account management features to the iFinix RealTime
platform, and eFinix, a web-enabled version of iFinix Trader that will run
on desktops and on mobile devices, by the end of the third quarter;
-- expects to add experienced management;
-- expects to offer seminars and internet courses in using the iFinix
RealTime Information Platform and other iFinix products in November, as
part of a strategic alliance with Diversity Group International, an
educational marketing organization, with which it has a memorandum of
understanding; and
-- will continue to accomplish necessary milestones to be eligible to
list on an Exchange as we promised earlier this year.iFinix Chairman, Drew Budhu, said, "The number of new subscribers is climbing.
Starting in thirty days we should be receiving revenue of $20 a month from the
trial subscribers and in 90 days we should be receiving $20 a month each from
the shareholder trial subscribers. Assuming that in December there are 2,000
subscribers paying $60 a month, management anticipates, but cannot provide
assurances, that iFinix should be receiving revenue of at least $120,000 a
month."In regard to iFinix Trader, which will add trade execution functionality and
account management features to the iFinix RealTime platform, he noted that the
company has begun to negotiate partnerships with broker-dealers that will
integrate their operations with the iFinix Trader.About iFinix Corp.
