SOURCE: iFinix Corporation
WHITE PLAINS, NY--(Marketwire - Sep 25, 2012) - 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 includes 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 successfully 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.