iFinix Acquisition Update
April 08 2011 - 9:35AM
Marketwired
iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial
information and services to active traders and to the securities
industry, today announced it has acquired a majority ownership of
Oakbridge Management, Inc.
iFinix has acquired a 51% controlling interest in Oakbridge
Management, Inc., a New York-based private investment firm for 250
million restricted shares. As a result, iFinix' Balance Sheet now
reflects additional assets of approximately 3 million dollars. This
represents exponential growth in the company's asset value; which
in turn, should allow the company to obtain future financing and
move aggressively towards completion of its 2011 business
goals.
CEO Benhope Munroe stated, "The successful completion of this
acquisition is projected to allow iFinix a vehicle to obtain
operating capital and flexibility to expand the company's
subsidiaries. We are pleased to announce this acquisition to our
shareholders and re-confirm our original commitment to pursue
avenues that enhance shareholder value by meeting and exceeding our
stated goals. As noted in our recent conference call, the increase
in authorized shares was done for the purpose of mergers and
acquisitions. iFinix has no plans to conduct a reverse split."
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 www.ifinixforex.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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