News for 'INIX' - (iFinix Corp. Initiates Plan)
WHITE PLAINS, NY, Sep 25, 2012 (MARKETWIRE via COMTEX) -- iFinix Corp.
(PINKSHEETS: INIX), a consulting and management holdings company consisting of
several subsidiaries, recently embarked on a twelve-month plan of action. The
business plan in! cludes the following initiatives; 1. To uplist the company to a
more senior exchange, and 2. To target viable acquisition candidates and to
revitalize the company's software division.
The first step taken by the company was to elect Benhope Munroe to fill the
position of President and CEO. Mr. Munroe will be filling the positions formerly
held by Douglas Spadaro, who stepped down due to personal reasons. Mr. Spadaro
will remain as chairman of iFinix.
Secondly, iFinix recently completed a Reverse Stock Split. The company believes
that this will help in meeting requirements of per-share price and net tangible
assets in order to qualify for trading on other exchanges to make the uplisting
of iFinix common stock possible. The company will be filing its financial
statements shortly and anticipates DTC eligibility in the near future.
The company is currently in negotiations with several acquisition candidates and
is hopeful of suc! cessfully completing one or more acquisitions before year end.
iFinix Software division has continued to work on various projects and expects
to be a major factor in the growth of the company.
In regards to the aforementioned, Mr. Munroe stated, "I am looking forward to
getting iFinix back on track. Having had the benefit of my previous experience I
believe I know what to do and what not to do in order to execute the company's
business plan."
About iFinix Corp.
iFinix Corporation is a consulting and management holdings company that consists
of several subsidiaries. Our people combine expertise in systems integration,
outsourcing, infrastructure, server technology and consulting with precision
thinking and relentless execution to help clients. iFinix is developing 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. www.ifinix.com www.buildmasters.us.
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
Copyright 2012 Marketwire, Inc., All right! s reserved.
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SUBJECT CODE: Computers and Software:Software
Financial Services:Commercial and Investment Banking
Professional Services:Investor Relations
Financial Services:Venture Capital
Professional Services:Consulting
Financial Services:Investment Services and Trading
