HARRISON, N.Y., Jan. 7, 2014 (GLOBE NEWSWIRE) -- iFinix Corp (Pink Sheets:INIX), a consulting and management holdings company consisting of several subsidiaries, announced today that the Company is positioned for unprecedented growth in 2014, attributing its optimistic forecast to strategic 2013 accomplishments.
- Continued upgrades of its advanced trading software to maintaining competitive advantages over rival platforms.
- The addition of Mr. Vincent Vellardita and his 35 years of executive level experience to its board of directors.
- The acquisition of Beach City Radio and its affiliates, conservatively increasing the Company's value to more that 4 million dollars.
- Secured capital funding for expansion of core business operations through agreements orchestrated by Mr. Vellardita.
Among the notable milestones, iFinix Board Member Vince Vellardita highlighted the critical infusion of capital, stating "With proper funding in place, I am confident we will be able to expedite the launching of our redesigned trading software and enable Beach City Entertainment to become a profitable entity in the very near future."
Company Chairman Doug Spadaro expressed confidence that core business achievements, an enhanced leadership team, a lucrative subsidiary acquisition, and recent capital commitments have positioned the company for a breakout in 2014. Spadaro stated "The success of many major companies, such as Netflix, Apples' iTunes, and other well known companies was derived from the melding of technology with media. iFinix is now well positioned to take advantage of that winning combination."
iFinix welcomes anyone interested in learning more about the company to visit its new web site at www.ifinix.com.
About iFinix Corporation
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.
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