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iFinix Corporation: iFinix Corp. to Give Warrants to Shareholders

^{Published on 2009-07-09 11:38:06, Last Modified on 2009-07-09 11:38:11 - Market Wire}
 

PLAINVIEW, NY--(Marketwire - July 9, 2009) - iFinix Corp (PINKSHEETS: [ INIX ]), a provider of real-time financial information and services to active traders and to the securities industry, announced today that It will give warrants to its existing shareholders.

In a meeting of the Board of Directors held on July 4th, 2009, via teleconference, Director Isaiah Israel made an outstanding recommendation to the Board of Directors of iFinix Corp. The Board of Directors has been considering adopting Mr. Israel's proposal for the past several days. They have come back with a decision to adopt the following proposal:

The Board of Directors has voted to issue, in gratitude to its shareholders of record on July 8, 2009, one warrant for each share of common stock owned by its shareholders. The warrants will be convertible into one unregistered share of iFinix common stock at a price of $.0008. Management wants to reward its shareholders, who may feel they were disenfranchised by previous reverse stock splits by providing them with this opportunity.

CEO Benhope Munroe commented, "It is heartening to see that the members of the Board of Directors felt the same as I do about our shareholders and are willing to demonstrate that they are willing to do everything possible to enhance shareholder value. Additionally, the future conversion of these warrants, by our existing shareholders, will serve to infuse additional capital into iFinix Corp., which will be used wisely to further the development of the company."

Further details of the warrant issuance will be made available to our shareholders in the near future.

About iFinix Corp.:

iFinix is a diversified information technology services and solutions company with expertise 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. Visit [ http://www.iFinix.com ], [ www.ifinixforex.com ], [ www.proactivefutures.com ].

Legal Notice Regarding Forward-Looking Statements:

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.