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iFinix Corp. Reports Third Quarter Financial Results(November 15, 2011)
WHITE PLAINS, NY -- (Marketwire) -- 11/15/11 -- iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today announced its financial results for the third quarter.
iFinix Corp. reported revenues of $61,780, and a loss of $13,967 for the quarter ending September 30, 2011. This represents a decrease in revenues of $73,738 and a decrease in losses of $92,653 compared to the same period last year.
iFinix Chairman, Douglas Spadaro, stated, "iFinix management plans to restructure the company and move forward as a general holdings company rather than being restricted to the financial industry. Our primary focus will be revenue generation and we are taking steps toward this goal. The company is in final negotiations to make this happen through an acquisition. iFinix is still working diligently towards enhancing shareholder value and believes the market will adjust upward to align with our perceived worth."
View Report: http://www.otcmarkets.com/stock/INIX/financials
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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