21 March 2018
visit www.ebaday.com

IFinix buys 55% stake in Beckman Holdings

31 July 2009  |  1409 views  |  0 Source: iFinix

IFinix (Pinksheets:INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today that it has completed the acquisition of a 55% interest in Beckman Holdings Inc.

Through a series of private transactions with individual shareholders, iFinix has now completed the acquisition of 55% ownership in Beckman Holdings. Beckman is the parent company of its wholly owned subsidiary, Island Forex Currency Trading Inc. As stated earlier this year, it is iFinix's objective to build businesses in the Commodities market, the Foreign Currency market and the Equities market. The management believes that, aside from these businesses having the potential to become significant profit centers for iFinix, the company also intends to use each of these subsidiaries as platforms to launch its redeveloped, multi-faceted trading software.

CEO, Benhope Munroe, stated, "We intend to use the same strategy that we used in acquiring 100% of ProActive Futures to eventually acquire 100% ownership of Island Forex." Munroe further stated, "We will be dedicating our management resources and utilizing the same marketing techniques to take Island from being a small cash flowing company and building it into a recognized name within the industry."

Furthermore, iFinix is currently in the process of launching "iFinix Capital," which will be the last step necessary to fulfill the first phase of its revised business plan.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit www.facebook.com/business/visit www.ebaday.com

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
12607 views 0 | 5 tweets | 4 linkedin
Can banks be a threat to Big Tech?Can banks be a threat to Big Tech?
10550 views comments | 30 tweets | 39 linkedin
Indian fintech sector needs regulatory support to flourishIndian fintech sector needs regulatory sup...
10136 views comments | 10 tweets | 8 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
9644 views comments | 13 tweets | 31 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
9509 views comments | 12 tweets | 23 linkedin