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iFinix Corp. Acquires Profitable Company(November 28, 2011)
WHITE PLAINS, NY -- (Marketwire) -- 11/28/11 -- iFinix Corp (PINKSHEETS: INIX), a consulting and management holdings company that consists of several subsidiaries, today announced the completion of acquiring 100% of BuildMasters, LLC, a commercial contracting firm.
iFinix completed the acquisition of BuildMasters, LLC on November 16th, 2011 with a purchase of 6.8M preferred shares. BuildMasters, LLC is a fast growing commercial building contracting firm specializing in steel erection and concrete in the construction industry. In 2010, BuildMasters reported revenue of $318K with profit of $38K.
iFinix Chairman, Douglas Spadaro, stated, "iFinix management is pleased to enjoin a solid profit center to our business and announce BuildMasters as our first acquisition in our restructuring efforts of the company. iFinix will continue on the path to building a diverse portfolio of small businesses focusing on revenue generation and are also looking into bringing on the personnel to affect this change in the near future."
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. www.ifinix.com www.ifinixsoftware.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.
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