Science & Technology
Science and Technology
Science and Technology
Wed, May 19, 2010
Tue, May 18, 2010 
PLAINVIEW, NY--(Marketwire - May 18, 2010) - iFinix Corp. (
iFinix Corp. reported revenues of $92,068 and an operating loss of $151,014 for the first quarter of 2010. These revenues were derived primarily from its wholly-owned subsidiary iFinix/Proactive Futures. The Company was also able to reduce a significant portion of its debt. These actions combined resulted in an overall net profit of $134.00, the first profit since the Company's inception in June 2004.
Going forward, the Company is optimistic that iFinix Forex, iFinix Capital and iFinix Software will all contribute to augment existing revenues.
iFinix CEO, Benhope Munroe, stated, "This financial report represents the first profitable quarter in the Company's history. I am proud of the hard work and commitment of the iFinix Team and the tenacity of the iFinix shareholders. I look forward to significantly improving future revenues and profits as we continue to execute our 2010 strategic operating plan."
View Report: [ http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=inix ]
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. Visit [ http://www.iFinix.com ], [ www.ifinixsoftware.com ], [ www.proactivefutures.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.
