Ifinix Corporation (INIX)

[wallymac]

press release
Aug. 21, 2010, 1:42 a.m. EDT · Recommend · Post:

iFinix Corp. Reports Financial Results for Quarter Ending June 30th, 2010
PLAINVIEW, NY, Aug 21, 2010 (MARKETWIRE via COMTEX) -- iFinix Corp. (PINKSHEETS: INIX) today reported its financial results for the quarter ending June 30th, 2010.

iFinix Corp. reported revenues of $129,822, and a loss of $174,631 for the quarter ending June 30, 2010. These revenues were derived primarily from its wholly owned subsidiary iFinix Futures. This represents an increase in revenue of $28,291 or 41%, and an increase in losses of $101,338 for the same period last year.

The majority of the losses can be attributed to the company's RealTime product which has been temporarily pulled from the market. Going forward, the company is very optimistic that revenues from iFinix Futures and Forex, the soon to be operational Capital division and other ventures, will allow the company to become profitable.

iFinix CEO, Benhope Munroe, stated, "RealTime proved to be a financial drain on the company during the first two quarters of this year. However, the company is moving aggressively to execute the remainder of its operating plan and I strongly believe shareholders will be well rewarded in the near future."

View Report: http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=inix

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, www.ifinixsoftware.com, www.proactivefutures.com, www.ifinixforex.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.

SOURCE: iFinix Corporation

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