18 August 2017
Find out more

IFinix buys 55% stake in Beckman Holdings

31 July 2009  |  1363 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)
download the paper nowvisit www.dorsum.euvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
10140 views comments | 8 tweets | 16 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8406 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7844 views 0 | 1 tweets | 9 linkedin
Uneasy sits the crown as cash use continues declineUneasy sits the crown as cash use continue...
7771 views comments | 3 tweets | 7 linkedin

Featured job

Find your next job