Ifinix Corporation (INIX)

[rjc2827]

“CFO” vs “the CFO”

The “CFO” that you are referring to is actually a company (CFO Professional Services, LLC), rather than a person.

For further details see the PR from December 7, 2006 at:
http://biz.yahoo.com/iw/061207/0192467.html

JAMAICA, NY--(MARKET WIRE)--Dec 7, 2006 -- The Board of Directors of iFinix Corporation (Other OTC:INXR.PK - News) is pleased to announce that it has engaged CFO Professional Services, LLC (CFO) as the Company's interim solution to the role of Chief Financial Officer. CFO has committed one of their partners, Mr. Scott Moore, as the lead supervising partner to the Company. Mr. Moore has been a Certified Public Accountant for more then 20 years and has worked in senior auditing roles at such highly respected national and regional accounting firms as Deloitte Haskins & Sells and Harper, Van Scoik & Company, LLP. Most recently Mr. Moore spent five years as the Chief Financial Officer for eAutoclaims, Inc., an Internet-based provider of vehicle collision claims services for the insurance industry.

CFO's responsibilities will include preparing financial statements, audit schedules and financial analysis, preparing registration statements, supervising and coordinating all subsequent quarterly and annual reviews and filings with independent accountants and the Securities and Exchange Commission (SEC) and establishing and monitoring the necessary controls outlined by Sarbanes Oxley legislation.

iFinix 's Chairman Drew Budhu stated, "We are confident that CFO will provide our company with the finance leadership and insights that will help us attain our near-term goals, which include the completion of the Company's 15c211 filings, proper preparation for our SEC compliant audit and the registration statement necessary to become a fully reporting company. We are delighted to have them join the iFinix team."

rjc