During a comprehensive meeting of the Board of Directors, which took place this past weekend, the Board of iFinix thoroughly reviewed all aspects of the Company's business, and has determined that the Company and its shareholders would be best served by channeling all its resources to develop the potential of the Company's commodities, futures and foreign currency exchange platforms.
The Board's decision was based on the fact that the Commodities/ Futures
market trades over
iFinix recently acquired ProActive Futures, where it has already
introduced new procedures that are expected to greatly enhance ProActive's
profitability derived from the currently existing revenue base. Additionally,
the Company is nearing an agreement with a formidable trading group to launch
a
The Board also decided that since ProActive Futures has a three year history of operations it would be beneficial to maintain the "brand name". However, the website will be redesigned to indicate that ProActive Futures is a division of iFinix.
In line with the new direction the Company is taking, the Board intends to move aggressively to complete the acquisition of the on line equities trading firm that iFinix has recently been in negotiations with. ProActive is also pursuing a joint venture with an established Forex trading firm to expand their reach into that market place.
To help expedite the execution of this plan, the Company is forming an advisory committee comprised of individuals with a diversity of talents and experience in building successful businesses within the financial services industry. This will allow the Board of Directors to have an extensive knowledge base to draw from in order to assist them in properly steering the company.
There were many more initiatives mandated by the Board of Directors, which we will apprise our shareholders of in the next few days.
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 Real-time, iFinix Trader and eFinix. Visit http://www.iFinix.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.
Contact: iFinix Corporation Investor Relations 516-504-3981 x301
SOURCE iFinix Corp.