iFinix Corp. Targets 'Smart Home' Software Industry
(Marketwire Via Acquire Media NewsEdge) HARRISON, NY -- (Marketwired) -- 08/19/14 --
iFinix Corp. (PINKSHEETS: INIX), a consulting and management company, announced today that the Company is in the final stages of negotiations to acquire a now ready-for-market "smart home" software product. This acquisition is designed to position iFinix as a valid player in the smart home technology industry.
In advance of completing the acquisition, the Company is maintaining a cautionary level of confidentiality surrounding the software's brand name, specifications, and capabilities. iFinix CEO Benhope Munroe addressed the impact of the forthcoming transaction stating, "This is a game changer for iFinix and its shareholders. Recently there have been acquisitions in this sector ranging from 200 million to 3.2 billion dollars by companies such as Microsoft and Google. In that the software is presently ready for market, iFinix will have the ability to generate immediate revenues and market share."
Smart home technology enables homeowners to cost effectively monitor and control devices within their home relating to security, entertainment, energy conservation and much more. However this software product provides cutting edge technology still not yet available from other service providers.
Globally, revenue from the smart home technology industry is projected to jump from nearly $9 billion annually in 2014 to more than $27 billion in 2023 as cities around the world embrace smart technology to meet sustainability goals, boost local economies and improve services.
iFinix anticipates completing the acquisition by October 2014 and will release full details once the transaction is finalized.
About iFinix Corp.
iFinix Corporation is a consulting and management holdings company that consists of several subsidiaries. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. iFinix is developing 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. For more information about Beach City Radio, visit www.beachcityradio.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.
Source: iFinix Corp.
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