iFinix Corp. Reports Financial Results for Second Quarter
12 August 2011 - 4:20AM
Marketwired
iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial
information and services to active traders and to the securities
industry, today announced its financial results for the second
quarter.
iFinix Corp. reported revenues of $163,733, and a loss of
$21,289 for the quarter ending June 30, 2011. These revenues were
derived primarily from its wholly owned subsidiary iFinix Futures.
This represents an increase in revenues of $33,910 and a decrease
in losses of $153,342 compared to the same period last year.
The majority of the losses can be attributed to the company's
cost of paying various fees required to gain entry into the DTCC.
The company is very optimistic that revenues from iFinix Futures,
Inc will continue to increase, allowing the company to become
profitable in the very near future.
iFinix CEO, Benhope Munroe, stated, "The company's revenues are
on target to meet the projected annual increase of 25% compared to
2010. With that said, I am absolutely committed to uplisting our
company to the OTCBB and moving away from pinksheets. This move
should allow re-entry into the DTCC, increase shareholder
confidence, and make the stock more attractive to investors."
View Report: http://www.otcmarkets.com/stock/INIX/financials
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.proactivefutures.com
www.ifinixforex.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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