INXR EXPANSION NEWS!!!
iFinix Expands Into the Insurance Industry
JAMAICA, NY -- (MARKET WIRE) -- August 31, 2006 -- The Board of Directors of iFinix Corporation (PINKSHEETS: INXR) are pleased to announce the signing of a web development contract with Vine Abstract Inc.
Through iFinix's wholly owned subsidiary, R&B Computer Systems, development is underway for the creation of a new web presence and web portal for Vine Abstract Inc., a New York based company. The Vine portal will improve the workflow of title ordering and research from experimental design through publication of results. The new online ordering system will provide Vine with the flexibility to maximize the acquisition, satisfaction and retention of customers, and reduce the overall costs of bringing new offers and products to market.
Mr. Dhruvanand Budhu, iFinix CEO commented, "We have stated In the past that we are committed to increasing revenue for iFinix Corporation and we are aggressively marketing ourselves to keep adding value to the company and ultimately for our shareholders."
About Vine Abstract:
Vine Abstract Inc. is a full service Title Insurance, Escrow & Settlement agency licensed to do business in the state of New Jersey and New York. Our offices are located in Shrewsbury, NJ and New York City. Vine is dedicated to providing all clients with reliable service and information. Vine uses state of the art technology when ever possible in attending to your need.
About iFinix:
iFinix is a diversified information technology services and solutions company. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. iFinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Phoenix Provides streaming, real-time market data, news and analytics. The company's suite of products includes Phoenix Pro, the Phoenix Market Scanner, Phoenix Analyst and eifinix.
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.