iFinix Corp. Completes Phase 2 Acquisition
November 26 2013 - 6:00AM
iFinix Corp (Pink Sheets:INIX), a consulting and management
holdings company consisting of several subsidiaries, announced
today that the company has acquired the rights to acquire multiple
AM and FM radio station licenses plus the complete library content
from Beach City Entertainment. This part of the acquisition, valued
at approximately 2 million dollars, when added to the previous
acquisition valued at approximately 1 million dollars and the
intellectual property value of 1.5 million dollars placed on the
company's software, iFinix's has increased its asset value to
approximately 4.5 million dollars.
With these properties in place, iFinix CEO Ben Munroe stated,
"The company has fought hard to get to this point where with Vince
Vellardita heading up our media division and Ricardo Brillion
managing our software development, we are
now positioned to begin monetizing our holdings."
"With iFinix's management and software developing capabilities,
we will be able to successfully launch the world's first beach
themed radio network which will broadcast on AM and FM radio
stations and on the internet. We will also be able to offer
our listeners the opportunity to purchase their favorite music and
movie titles by downloading the content directly from the site,"
stated Vince Vellardita.
Mr. Brillion added, "We continue to work diligently on our suite
of products, making them more robust and up to date with other
technology that is currently being utilized. We have taken into
consideration the feedback received from our previous release and
have incorporated many of the features that were requested. I look
forward to the completion and release of the software in the
future."
About iFinix Corp.
iFinix Corporation is a consulting and management holdings
company that consists of several subsidiaries. Our people combine
expertise in systems integration, outsourcing, infrastructure,
server technology and consulting with precision thinking and
relentless execution to help clients. 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
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