Company Says Management Is In Place To Execute Its Business Plan
GARDEN CITY, N.Y., June 17 /PRNewswire-FirstCall/ -- iFinix Corp
(Pink Sheets: INIX), a provider of real-time financial information and
services to active traders and to the securities industry, said today that it
was with deep regret it was reporting that Dhruvanand Budhu, 33, Ifinix'
chairman has passed away. Preliminary reports were he died of a heart attack.
Doug Spadaro, chief executive officer of iFinix, said, "We are deeply
saddened by the unexpected death of our chairman."
Said Spadaro, "Part of Drew's legacy was his ability to put together a
strong management team. I want to assure our shareholders and business
partners that management is in place to execute our business plan."
The company said that funeral services will be tomorrow in Queens, New
York.
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. Visit
http://www.iFinix.com
Legal Notice Regarding Forward-Looking Statements:
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
516-504-3981 x301
Media Relations
Stern & Co.
212-888-0044
SOURCE iFinix Corp.
Investor Relations of iFinix Corp., +1-516-504-3981, ext. 301; or media, Stern
& Co., +1-212-888-0044
