iFinix Shareholder Update Marketwire "Press Releases"
PLAINVIEW, NY -- (MARKET WIRE) -- 04/15/11 -- iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today announced an update to its shareholders.
iFinix has recently acquired majority control of Oakbridge Management, Inc. Oakbridge has a 20% joint venture participation in the Mohave Mine , located in northwestern Arizona .
The Mohave Mine is managed by a subsidiary of the Tesoro Gold Company . Tesoro owns gold properties, with both vein and bulk tonnage exploration targets, in the western United States . The Mohave Mine has a proven ore reserve, in addition to multiple exploration targets.
Tesoro will be providing the joint venture participants with updates as to the development of the Mine. This arrangement provides iFinix with the opportunity to participate in an exciting mineral resources project while maintaining primary focus on its core business lines.
iFinix Corporation has filed for a name change with the New York secretary of state to change Oakbridge Management, Inc. to iFinix Management, Inc. The company is now headquartered at 255 Executive Drive , Plainview, NY 11803.
CEO Benhope Munroe commented, "We are fortunate to have a company with the experience of Tesoro Gold as the manager of the Mohave Mine Project . This allows the Management of iFinix to maintain its focus on developing and growing its wholly owned subsidiaries, which are all still intact. iFinix Capital is in the process of recruiting representatives and building its client base. iFinix Futures and Forex is currently increasing market share and is also enjoying an increase in revenues. iFinix Software is in negotiations with a software development company to partner in the development and marketing of iFinix RealTime , and also assist in the continued develop of eFinix which we hope to launch by the end of the year."
