HARRISON, N.Y., Oct. 31, 2013 /PRNewswire/ -- iFinix Corporation
(iFinix) (PINKSHEETS: INIX), a diversified information technology
services and solutions company with holdings that include several
subsidiaries, announced today that utilizing an exchange of stock,
the Company has acquired Beach City Entertainment, LLC, a worldwide
radio network.
Targeting the commercially sought after "baby boomer" generation
and the "Surf Rock Youth" presence around the world, Beach City
Entertainment, LLC is an industry leading entertainment company
that owns and operates WIRB-DB 87.1 "Beach City Radio," a 24 hour,
internet based digital radio station which features high energy
currently popular surfing-themed music plus classics from the 60s,
70s and 80s.
In addition to the worldwide market via the internet, the
acquisition includes syndication agreements for celebrity hosted
lifestyle programming, a library of over 1,000 music titles, and
licenses to facilitate a national network of "over-the-air" AM and
FM stations.
Founded by Vince Vellardita in
2012, the Company boasts over 10,000 dedicated listeners from
the United States and South America to Europe. Beach City
holds a merger agreement with an FM station in Florida and FCC transmitter licenses to
establish a broadcast network of affiliates in 50 major markets.
"Everyone loves beach music. Whether relaxing on the beach or the
water or anywhere else in the world, this music genre has given
listeners the sense they are on vacation. It's America's 'feel good
music,'" stated Vince Vellardita,
creator and founder of Beach City Radio.
iFinix CEO Ben Munroe added, "The
station alone, conservatively valued at more than 1 million dollars, augments the 2 million dollar intellectual property
value already stated on our books. The iFinix team has a huge
opportunity to apply our strength in software application
development to what Vince's team has brought to the table. The
synergy between the assets in both divisions is truly
exciting."
Beach City Entertainment's transmitter licenses allow a
retransmission of the station in other states, creating a Worldwide
Radio Network. "We have FCC approval, everything is in place
to build a platform reaching tens of millions listeners in a
lucrative demographic," an enthusiastic Doug Spadaro, iFinix Company Chairman
added. Spadaro went on to say, "All the pieces are in place
to make this venture a huge financial success for the Company and
its shareholders." iFinix anticipates Network expansion to
begin early first quarter 2014.
iFinix Corporation encourages visiting Beach City Radio at
www.beachcityradio.com. For more information about iFinix
Corporation, contact Investor Relations at 888-429-1117.
About iFinix Corporation:
iFinix Corporation is a consulting and management holdings
company that consists of several subsidiaries. The Company
combines expertise in systems integration, outsourcing,
infrastructure, server technology and consulting with precision
thinking and a relentless pursuit of customer service and
satisfaction. iFinix is developing 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.buildmasters.us.
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
888-429-1117
SOURCE iFinix Corporation