iFinix Corp. Acquires Profitable Company
November 28 2011 - 8:30AM
Marketwired
iFinix Corp (PINKSHEETS: INIX), a consulting and management
holdings company that consists of several subsidiaries, today
announced the completion of acquiring 100% of BuildMasters, LLC, a
commercial contracting firm.
iFinix completed the acquisition of BuildMasters, LLC on
November 16th, 2011 with a purchase of 6.8M preferred shares.
BuildMasters, LLC is a fast growing commercial building contracting
firm specializing in steel erection and concrete in the
construction industry. In 2010, BuildMasters reported revenue of
$318K with profit of $38K.
iFinix Chairman, Douglas Spadaro, stated, "iFinix management is
pleased to enjoin a solid profit center to our business and
announce BuildMasters as our first acquisition in our restructuring
efforts of the company. iFinix will continue on the path to
building a diverse portfolio of small businesses focusing on
revenue generation and are also looking into bringing on the
personnel to affect this change in the near future."
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.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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