iFinix Corp. Reports Financial Results for Second Quarter
(firmenpresse) - PLAINVIEW, NY -- (Marketwire) -- 08/11/11 -- iFinix Corp (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today announced its financial results for the second quarter.
iFinix Corp. reported revenues of $163,733, and a loss of $21,289 for the quarter ending June 30, 2011. These revenues were derived primarily from its wholly owned subsidiary iFinix Futures. This represents an increase in revenues of $33,910 and a decrease in losses of $153,342 compared to the same period last year.
The majority of the losses can be attributed to the company's cost of paying various fees required to gain entry into the DTCC. The company is very optimistic that revenues from iFinix Futures, Inc will continue to increase, allowing the company to become profitable in the very near future.
iFinix CEO, Benhope Munroe, stated, "The company's revenues are on target to meet the projected annual increase of 25% compared to 2010. With that said, I am absolutely committed to uplisting our company to the OTCBB and moving away from pinksheets. This move should allow re-entry into the DTCC, increase shareholder confidence, and make the stock more attractive to investors."
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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.
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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Datum: 11.08.2011 - 12:20 Uhr
Sprache: Deutsch
News-ID 1029926
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