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iFinix Corp. Shareholder Update(October 18, 2011)
WHITE PLAINS, NY -- (Marketwire) -- 10/18/11 -- iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today announced the following shareholder update.
Upon the advice of legal counsel, the members of the iFinix Board of Directors voted to withdraw the company from the NFA. The company also changed its corporate location and phone number. The new corporate address is 445 Hamilton Avenue, Suite 1102, White Plains, NY 10601 and the new telephone number is 914-358-6409.
Mr. Israel and Mr. Henlon both recently resigned from the Board of Directors in order to pursue personal interests outside of iFinix Corporation. As a result, Mr. Douglas Spadaro has assumed the role of Interim CEO and retains his position as Chairman.
Interim CEO Douglas Spadaro stated, "The company is undergoing a transformation following the resignation of several members of the Board. I want to ensure shareholders that I am evaluating all aspects of the company and will do all I can to move the company forward. I will continue to update shareholders on future corporate activities."
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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