PLAINVIEW, NY -- (Marketwire) -- 04/12/11 -- iFinix Corp. (PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, today announced it has provided additional information concerning its recent acquisition of OakBridge Management, Inc.
iFinix recently acquired 51% ownership of OakBridge Management, Inc., who owns a 20% joint venture interest in the Mohave Mine, located on the western slope of the Black Mountains in northwestern Arizona.
iFinix has filed the Mohave Mine Technical Report, which is NI 43-101 compliant. This is an in-depth document which details and validates the asset value of the Mohave Mine.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=47737 (View Acquisition details and NI 43-101 Technical Report)
CEO Benhope Munroe stated, "I am truly excited about this acquisition. We will be changing the name of OakBridge to iFinix Management Inc. which is headquartered in Florham Park, NJ. We are currently conducting due diligence on several potential acquisitions. If we are able to complete one or more of these acquisitions of the targeted companies, each one would cause a significant increase in our asset value. In addition to building shareholder value, there are many ancillary benefits to increasing our asset value, including, but not limited to, attaining eligibility to move up to a more senior exchange.
"I would like to take this opportunity to thank our loyal shareholders for their continuous support. The iFinix management continues to be dedicated to achieve success in all of the company's subsidiaries."
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 www.ifinixsoftware.com www.proactivefutures.com www.ifinixforex.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.