Ifinix Corporation (INIX)

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INIX News iFinix Corp. Chairman Dhruvanand Budhu Passes Away...
Tuesday, June 17, 2008 9:02 PM

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News for 'INIX' - (iFinix Corp. Chairman Dhruvanand Budhu Passes Away Company Says Management Is In Place To Execute Its Business Plan)


GARDEN CITY, N.Y., June 17, 2008 /PRNewswire-FirstCall via COMTEX/ -- iFinix
Corp (Pink Sheets: INIX), a provider of real-time financial information and
services to active traders and to the securities industry, said today that it
was with deep regret it was reporting that Dhruvanand Budhu, 33, Ifinix'
chairman has passed away. Preliminary reports were he died of a heart attack.

Doug Spadaro, chief executive officer of iFinix, said, "We are deeply saddened
by the unexpected death of our chairman."

Said Spadaro, "Part of Drew's legacy was his ability to put together a strong
management team. I want to assure our shareholders and business partners that
management is in place to execute our business plan."

The company said that funeral services will be tomorrow in Queens, New York.

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:

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



Media Relations

Stern & Co.

212-888-0044



SOURCE iFinix Corp.



URL: http://www.iFinix.com

www.prnewswire.com


Copyright (C) 2008 PR Newswire. All rights reserved

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INDUSTRY KEYWORD: CPR

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