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iFinix Corp. Announces Board Meeting Regarding Stock Buyback

^{Published on 2010-07-15 10:20:38 - Market Wire}
 

PLAINVIEW, NY--(Marketwire - July 15, 2010) - iFinix Corp (PINKSHEETS: [ INIX ]), a provider of real-time financial information and services to active traders and to the securities industry, announced today the Board of Directors will convene a special meeting to discuss a proposal to buy back a portion of the Company's issued and outstanding common stock.

The Board believes that it is in the best interest of the company and the shareholders to increase the company's common stock price per share. The company believes that despite marked efforts to increase profit and liquidity, current share price is undervalued, thus rendering the completion of additional corporate strategies more difficult.

iFinix CEO, Benhope Munroe, stated, "Yesterday's shareholders conference call made it clear that it is important for the effectiveness of future business operations to take this approach. All options will be on the table for discussion. This direct action to enhance shareholder value is critical to the future growth and is in the best interest of the shareholders and the company."

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.ifinixforex.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.