INIX - 2 PR's yesterday. SS

• OS: 78,892,983
• AS: 100,000,000
• Float: 71,662,999

iFinix Corporation: IFINIX CORP. TO ACQUIRE COMPANY FOR STOCK

PLAINVIEW, NY, Jul 09, 2009 (M2 PRESSWIRE via COMTEX) -- iFinix Corp (INIX.PK), a provider of real-time financial information and services to active traders and to the securities industry, announced today that It has entered into an agreement in principle to acquire approximately a 55% interest in Beckman Holdings for 2,750,000 restricted shares of iFinix stock. Beckman Holdings is the parent company of Island Forex.
Earlier this year iFinix Futures entered into a joint venture agreement with Island Forex as a means to make quick entry into the fast growing foreign currency exchange business. This was an integral part of the overall business plan set forth by the Board of Directors of iFinix Corporation. It is the company's intent to eventually have a platform in each of the following areas: Commodities Futures, Foreign Currency Exchange, and Equities. This will allow iFinix to attract active traders to the iFinix trading software, which is nearing final redevelopment.


CEO Benhope Munroe stated, "the company foresees launching our new product line sometime later this year, therefore we are moving forward aggressively by making this acquisition which gives us a controlling interest in a Forex firm. It is the company's intent to utilize the same method used to acquire Proactive Futures which resulted in iFinix Corp. owning 100% of Proactive. We anticipate implementing the same type of management and marketing techniques used to build Proactive Futures to also build Island Forex into a serious player in the foreign currency market." In a meeting held on July 4th, 2009, it was Kevin Henlon, Director of Strategic Planning, who proposed this transaction to the Board of Directors, which was unanimously adopted.


It was Henlon's view that since iFinix shares have been trading very well recently that the company could use its shares as currency for an acquisition of this type. A cashless acquisition will be a milestone in the development of iFinix Corp.


Mr. Henlon, also, echoed Ben Munroe's sentiment regarding the company's shareholders, by saying, "thanks to our shareholders support, iFinix shares can now be used in lieu of cash to execute various transactions."


At the same Board of Directors meeting held on July 4th 2009, Director, Isaiah Israel further proposed an exciting new idea to the Board of Directors, which the Board is currently evaluating. The Board will render its decision this morning at 11:30am EST. The results of the vote will be announced to the public as soon as possible.

iFinix Corp. to Give Warrants to Shareholders
Press Release
Source: iFinix Corporation
On Thursday July 9, 2009, 2:34 pm EDT
Companies:Ifinix corporation
iFinix Corp (Pinksheets:INIX - News), a provider of real-time financial information and services to active traders and to the securities industry, announced today that It will give warrants to its existing shareholders.


Related Quotes
Symbol Price Change
INIX.PK 0.0031 +0.0007


In a meeting of the Board of Directors held on July 4th, 2009, via teleconference, Director Isaiah Israel made an outstanding recommendation to the Board of Directors of iFinix Corp. The Board of Directors has been considering adopting Mr. Israel's proposal for the past several days. They have come back with a decision to adopt the following proposal:


The Board of Directors has voted to issue, in gratitude to its shareholders of record on July 8, 2009, one warrant for each share of common stock owned by its shareholders. The warrants will be convertible into one unregistered share of iFinix common stock at a price of $.0008. Management wants to reward its shareholders, who may feel they were disenfranchised by previous reverse stock splits by providing them with this opportunity.


CEO Benhope Munroe commented, "It is heartening to see that the members of the Board of Directors felt the same as I do about our shareholders and are willing to demonstrate that they are willing to do everything possible to enhance shareholder value. Additionally, the future conversion of these warrants, by our existing shareholders, will serve to infuse additional capital into iFinix Corp., which will be used wisely to further the development of the company."


Further details of the warrant issuance will be made available to our shareholders in the near future.