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.