Ifinix Corporation (INIX)

[StockTrader1965]

So does this mean.... is this a read between the line PR saying the financial statements will be audited?

iFinix Corp. Delays Issuance of Financial Statements


iFinix RealTime Information Platform Subscription List Is Growing

JAMAICA, NY, Jul 23, 2007 (MARKET WIRE via COMTEX) -- iFinix Corp. (PINKSHEETS: INXR) announced today that it is delaying the issuance of its financial statements for calendar year 2006 and the first two quarters of 2007. The second quarter ended June 30.
The company also announced that in the first week of operation of the iFinix RealTime Information Platform that the subscription list has risen substantially as more users continue to reap the benefits of the product. The phone and web-based technical support system is responding effectively to users. Moreover, feedback from users has been strongly positive.

The company is in the process of completing the financial statements, listed above, and will issue them as soon as possible.

iFinix Chairman Drew Budhu said, "Owing to the complexity of the equity and software accounting requirements, we have delayed the financial statement issuance. We are taking the utmost care to ensure the accuracy of this initial filing so that the company will be eligible to be listed on the Over the Counter Bulletin Board.

"iFinix is committed to timely financial reporting," he added, "and is laying the ground work to fulfill that commitment in the future. Once these statements are filed, the financial statements will be filed in the future on a timely basis."

About iFinix Corp.

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. Visit http://www.iFinix.com

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



SOURCE: iFinix Corp.




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