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iFinix Signs LOU to Partner with FailSafe LLC to Offer Custom Trading Strategies and Trading Tools
Jun 10, 2008 (08:06 AM EDT)

GARDEN CITY, N.Y., June 10 /PRNewswire-FirstCall/ -- iFinix Corporation , announced today that it has entered into a LOU to partner with FailSafe LLC to offer custom trading strategies and trading tools for Equities, Options, Futures and Forex Traders.

"We have created a dynamic learning environment which encourages students to take advantage of hands-on learning opportunities and the most extensive trading curriculum available," said Todd Hanson, Ph.D., director of training and education. "As director of training and education, I work with each student to create a personalized learning experience by tailoring the training approach to the individual. Our curriculum is designed to provide each student with the education and tools necessary to ensure long-term success."

"Todd brings more than a decade of trading experience to our organization," said Drew Badhu, CEO, iFinix Corporation. "He has a proven track record of successful leadership and has created numerous trading systems that are employed by fund managers, brokerage houses and traders worldwide. Todd's extensive experience in the financial and trading industries makes him an ideal addition to our team."

Prior to creating which markets FailSafe technology online, Dr. Hanson has spent the past three years working on a groundbreaking project -- developing a fully automated day trading system whereby the program formulates all buy/sell/hold decisions, allocates appropriate amounts of capital to specific trades and places orders electronically and autonomously. This program, Failsafe Trader, is complete and operational.

Prior to developing Failsafe Trader, Dr. Hanson spent 15 years in the healthcare, financial and logistics industries, where he developed secure, enterprise level software solutions. He served as chief executive officer of Synergy Software Development, where he led the company from concept to funding and public offering. He also served as chief information officer for two separate public companies where he leveraged custom-developed technologies to raise more than $35 million in funding for the firms.

Dr. Hanson began his professional career in computer security in Silicon Valley, Calif., where he developed encryption software, provided ethical hacking services and security audits to Fortune 500 companies during the infancy of the Internet. He led a nationwide team of security engineers responsible for research and development in categories including: intrusion detection, emerging data network service security infrastructure design, Internet and intranet security engineering, public key technology and infrastructure issues, Internet and intranet firewall and router integration, and client/server authentication techniques.

Throughout his career, Dr. Hanson has also performed numerous financial consulting projects for a myriad of companies in finance and has applied his expertise in statistical pattern recognition to projects ranging from mining financial transactions data to statistical arbitrage trading strategies.

In addition to Dr. Hanson's extensive background in information security management and information technology systems engineering and administration, he is a Certified Information Systems Security Professional, a Certified Information Security Manager, and a Certified Information Systems Auditor.

Prior to beginning his professional career, Dr. Hanson served in the U.S. Marine Corps, 1st Force Reconnaissance and 1st Air and Naval Gunfire Liaison Company with 0321 and 2531 Military Occupational Specialties. Throughout his military career, he was meritoriously promoted five times and holds many awards and certifications.

"Having served in combat situations, I understand the challenges that my fellow veterans face when making the transition back to civilian life," said Hanson. "I am very proud to be a part of Financial, as our programs are designed to enable veterans to leverage elements of their military training to develop real-world skill sets that can create career opportunities in trading and other related professions."

Dr. Hanson holds a Ph.D. in Applied Mathematics from UC Berkeley, California, a Master of Science in Electronic Commerce from , California and a Bachelor of Science in Computer Science and Mathematics from the .

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 .

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.

Contact: iFinix Corporation

Investor Relations 516-504-3981 x301

CONTACT: Investor Relations of iFinix Corporation, +1-516-504-3981, ext.301

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