IFinix acquires 80% stake in ProActive Futures

Source: iFinix Corp

iFinix Corp (Pink Sheets: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today it has finalized the acquisition of 80% of privately held ProActive Futures, Plainview, NY, a futures and options brokerage firm.

Operating under the name of iFinix Futures as a subsidiary of iFinix, this full-service futures and option brokerage firm specializes in trading commodity futures. It offers access to major futures and commodities exchanges and markets across the world. The new entity will be the beginning of a new phase in iFinix's future goals. It will bring to the company additional revenue, and will provide a proving ground for additions and enhancements to iFinix's product line. iFinix plans to file an 8K with the proper agencies regarding the acquisition. iFinix also holds a note to acquire the balance of 20% within the next 12 months. Expansion of existing business will be the primary focus of iFinix futures for the remainder of the year.

Benhope Munroe, CEO, CFO, said, "We are excited that we have completed this acquisition that will increase the revenue stream of iFinix. This is just one, in a line of steps, to fulfill our milestones set for the year we have promised to our shareholders."

Jeffery Ramson, President of ProActive Futures said, "I am very happy, on behalf of Pro-Active Futures, to complete this deal and to work with iFinix. I feel that their acquisition of pro-Active Futures will substantially support the achievement of our goals for future expansion and growth. Their technology and our client base provide a mutually beneficial environment for dynamic growth for both entities."

Comments: (0)