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Stockmarketquarterly Newsletter
Where wealth is a serious matter in building a solid investment portfolio one stock at a time...
October 31,2004 Newsletter NL-103104-10014
Ifinix Corporation
Symbol: IFNI
Authorized: 150 million
Outstanding Shares: 74,000,000 as of 2004-08-16
Float: 8,000,000
Ifinix is focused on technical excellence and creativity. We are market enthusiasts determined and
dedicated on providing superior and sophisticated electronic financial solutions for institutional investors,
brokerage firms, professional traders and individual investors.
Integrated real time streaming data...
Intelligent executions across multiple avenues of execution..
Comprehensive analytics and real time decision support tools...
Ifinix provides high-performance and cost-effective software solutions. Our direct-access real-time trading
and information systems are designed and built with superior salability, security, efficiency and reliability.
Ifinix solutions are totally proprietary. Our system architecture takes advantage of the latest technologies
operating on a fault-tolerant platform.
The core systems, with access to all US equity markets, are already implemented and live. Components
are currently being built to include the exchange listed future and options trading in the US markets.
Subsequently, interfaces to other markets will be developed with the objective of establishing the electronic
trading platform as the leading unified platform for investment and trading across global financial markets.
The platform will provide direct access and intelligent executions, real time information and all decision
support tools for stocks, options, future, mutual funds and exchange traded debt instruments. It enables an
active investor located anywhere in the World to effectively trade across global markets using one system
on his PC.
In addition to providing superior decision support tools, the platform reduces the cost of trade executions
for the users through intelligent and fast executions. With its comprehensive functionality, traders will not
need to use any third party software, application or service to conduct their trading activity. Users decide
how to utilize all that’s available so they can achieve optimal trading performance with Ifinix
R&B Computer System:
RBCS's mission is to develop technologies and solutions that can provide technological surprises to
sharpen the cutting edge of financial’s world.
We will ensure customer satisfaction through teamwork, timely service, dedication and integrity while
maintaining a reputation for professionalism.
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Objectives:
Ifinix Corporation. is a path breaking financial software development company, which provides clients with
sophisticated technologies, while concentrating on real-time market information, execution and decision
support systems. Our company's innovative software banks on the experience of our professionals in the
financial market, where speed is the name of the game. In fact, the software was developed, in part, by
active traders themselves to stay clear of competition. Robust processing combined with infinite salability;
ease of use and best price/performance makes us the best in the market.
History:
Ifinix Corporation. has been incorporated in the state of Nevada, USA.
It has been proposed that the operation be reorganized into three separate divisions. These three divisions
will be organized, as separate 100% owned subsidiary companies of IFINIX.
R&B Computer Systems Inc. was founded in September 1998 and has been incorporated in the state of
New York, USA.
After further development and design of new components, a version of the software was released in mid
2002 and the software was in operation until February 2003. Currently several brokerage and trading
companies are evaluating the software in demonstration/testing mode and have indicated strong interest in
migrating to this platform. These and the existing customers have used only the market leading software
before and their interest in our platform conveys where we stand compared to the platforms that have
highest market share. The current live version of the software provides direct access to all major equity
markets in US. Interfaces for major options and future exchanges are being developed currently.
At this stage, we have established the following:
• Proven our technology
• Demonstrated our cost advantage and our ability to leverage it
• Demonstrated that our product design is ahead of the systems currently in the market
• Demonstrated that the components of our platform that are live are best in class
• Implemented a top end direct access trading system for US equity markets
The next stage involves building the infrastructure to support the prospective customers and expand the
software to cover other areas. Two main areas of investment include a Network Center (Data Center) and
software development/R&D center. The trading platform will be provided as an application service, which
would involve users connecting to the data center over the Internet or private lines using various front end
products provided by us.
Additionally, Ifinix has acquired R&B Computer Services, (RBCS), on May 24,2004. RBCS will operate as
a wholly owned subsidiary of Ifinix. R&B is a proven provider of Financial Software and Development, and
will be responsible for development of the technology needed for Ifinix to grow and provide solutions for our
client base.
Founded in 1998, R&B Computer Systems Inc. started out primarily as a network solution provider and systems
integrator to numerous financial institutions. By December 2000, still keeping the role of networking solutions provider
and systems integrator, R&B shifted focus to providing software solutions and development of customized software. On
January 2001, R&B formed an alliance with Ifinix Corporation. for the development of a trading platform. To
accommodate with the growing needs for cost reductive software development operation, R&B eventually started R&B
Software Solutions (India) Pvt. Ltd. a subsidiary of RBCS..
Products and Services:
Service Bureau Division (Application Service Provider): This division will provide the platform to as
an application service. Brokerages and customers of brokerages who use the platform will connect
to the service bureau data centers over the Internet or private high-speed lines. List below is a list
of product that the SBD will offer.
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PRODUCTS:
1. Ifinix Pro: Advanced trading platform providing comprehensive functionality for market
information, executions, account management, charts and technical analysis. Advanced functions
for conditional orders, program trading, basket trading, portfolio management and statistical trade
analysis. Covers Stocks, Options and Future.
2. Ifinix Market Scan: Advanced stock screener that filters stocks using proprietary algorithms
as well as user configurable real time stock filters. More than 130 parameters that can be
configured in any combination to search and identify trading opportunities. The parameters cover
both, fundamental data about the sectors, companies and products, as well as quantitative market
data.
3. Ifinix Analyst: This is a stripped version of Ifinix Pro that excludes the functionality for
executions and account management. To be used by traders who want to use the system only for
information and analysis.
4. Interface for proprietary systems: Users having proprietary trading applications can interface
with Ifinix using a standard FIX protocol provided by Ifinix. Through Ifinix, these proprietary
systems can get the integrated market data and execute trades. They can simultaneously also use
Ifinix for trade management, monitoring, etc.
Brokerage Division:
This division will provide the wholesale brokerage service to users who may
want to use the brokerage service also from the technology provider. It will develop a support
infrastructure for smaller brokerages that provide the trading platform to their customers in order
for them to more effectively manage their client relationships
Software Development and Computer Products and Services Division : This division will the
primary responsible of RBCS and RBSS. R&B Computer Systems will provide computer products
and services to small, medium, and large businesses. We will also be focused on providing
network systems and services to businesses. The systems include both PC-based Land Area
Networks (LAN) systems and minicomputer server-based systems. Our services include design
and installation of network systems, training, and support. R&B Computer Systems Inc. intends to
provide the following services:
1. Network Solutions
3. Data Backup Solutions and Services
4. E-commerce Solutions
5. Hardware Supply and Technical Support
6. Paperless Office Automation Solutions
7. Training
Competiton:
The competition to Ifinix can be divided into three broad categories:
1. Brokerages with proprietary systems
Among the large brokerages in US, only three have advanced direct access trading systems.
These are Charles Schwab, Ameritrade and Instinet. All three of them acquired these systems
through acquisition of companies developing these systems. The issues with all of these
brokerages are:
Products are designed mainly for retail customers.
Trading systems available to only their brokerage customers.
High development and support costs.
Slow process of development.
Do not provide interfacing options for customers having their own front end systems and automated trading systems..
Clearing Houses:
None of the clearing houses has a comprehensive trading platform except for Spear, Leeds and
Kellogg which has been recently taken over by Goldman Sachs. The trading system from SLK,
called REDI Plus, is available only to their clearing customers, does not have any analytical or
decision support systems and has not changed over several years. Other clearinghouse, which
have trading platforms, provide only the basic order entry and trade management functionality.
Independent Software Vendors:
There are several software vendors providing real time trading systems with different levels of
functionality. The problems with most of these systems are: poor quality, limited functionality,
targeted to individual day traders, slow to evolve and enhance the features, and have not
organized themselves to be cost efficient technology development organizations. Only two
independent trading platforms have a large scale of operation and both systems were among the
first to provide high end trading systems as an application service.
Addressing the competition..
Highly scalable and cost effective technology.
Platform that can be used with any brokerage or clearinghouse.
Trading system along with comprehensive set of analytical tools and features enabling users to save expenses on other third party tools and software.
Innovative and user friendly design and features.
Cost competitive business model with offshore development and customer support centers.
Knowledge of global financial markets and low cost base leveraged for providing direct access to more markets than any existing platform.
Speed of response to the customer needs.
Ifinix has a significant sustainable competitive advantage in terms of the cost of its skilled resources in all
the core areas: product design, understanding of the markets along with theoretical concepts,
management and software development. We intend to have offshore development located in Bangalore,
India, (location where Microsoft, Sun and SAP have their offshore development) with the sole objective of
continuously keeping our products ahead of the market. With specific plans for product evolution over next
2-3 years, we want the development and implementation to continue in several areas. With our low costs,
we are in a position to develop full set of financial tools for multiple markets and integrate them into our
platform.
Sales Tactics:
Ifinix utilizes a limited sales and marketing program to generate business. The company conducts
telemarketing campaigns. attends trade shows. and relies on its excellent reputation and referrals as
marketing tools.
Nonetheless, the need for a well-conceived sales and marketing program to take the company to the next
level will be important for continued success in this growing industry. By devoting more resources, both
monetary and personnel, management is confident that the company can achieve strong incremental
sales growth.
Ifinix utilizes a limited sales and marketing program to generate business. The company conducts
telemarketing campaigns. attends trade shows. and relies on its excellent reputation and referrals as
marketing tools.
Nonetheless, the need for a well-conceived sales and marketing program to take the company to the next
level will be important for continued success in this growing industry. By devoting more resources, both
monetary and personnel, management is confident that the company can achieve strong incremental
sales growth.
Sales Forecast:
Sales forecasting for the fiscal years 2004, 2005, 2006 will be derived from income obtained from fees
related to our financial software. The year of 2004 will be devoted to development, marketing, and
obtaining initial clients. The years of 2005 and 2006 show ongoing sales and client expansion. In the year
of 2004 we project to have 2 clients with approximate 15 users each, in the year of 2005, 15 clients with
225 users and the year of 2006, 30 clients with 450 users. Fees are generated as per IFINIX's price sheet
and are reflected as such in each years forecast. Management feels that theses numbers reflect a
conservative approach, and can be met successfully. The current environment shows that the future
potential for IFINIX'S growth and R&B's software business will allow IFINIX to increase its market presence
at a pace which Management feels both comfortable and acceptable with...
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Web Plan Summary:
The ifinix.com content site will focus on providing information on the Company.
Ifinix.com has a fast loading,extremely user friendly user interface (UI) to encourage
users to browse and click through as many pages on the site as possible. The UI will be key
to the web strategy, as it needs to appeal to the audience, it show the audience the talent
the RBCS staff has in web development. We will use out web site as a profile to show our
work that we have done in the past and what we can offer a client.
Development Requirements:
Our website will be promoted on all of search engines and our web portals. We will link on all
our web work that we will do, plus we will have links on our partner sites.
Management Summary:
Our management philosophy is based on responsibility and mutual respect. We recognize the need to be
constantly changing so as to adapt to the prevailing environment. We will have a flexible structure allowing
for the above to be undertaken swiftly and smoothly.
DHRUVANAD BUDHU is Chairman and Chief Operation Officer. Founded R&B Computer Systems Inc., to
focus on helping companies manage their distributed computing environment. Mr. Budhu worked for 10
years in the computer systems environment as a Systems/Design Engineer. He brings an extensive Project
Management experience as well as the flexibility to adapt to changing situations and requirements. . He
has worked for various companies such as Liberty Brokerage, American Express and On-Site trading.
DOUGLAS Hugh Spadaro is President and Chief Executive Mr Spadaro brings close to thirty years
experience in both management and financial services. Mr. Spadaro has held management position in
such companies as Citicorp, ABN/AMRO, and Paget Group. Mr Spadaro has a B.S. in Finance and Micro
Economic.
ROBERT BUDHU is Chief Financial Officer. Mr. Budhu served as a General Sales Manager for
Continental Group of Companies, a Fortune 10 Company of Guyana. In addition, he was an Area Manager
for Photo Circuits Corporation in New York. Mr. Budhu is an M.B.A. graduate from the University of
Guyana.
RICARDO MORENO BRILLON is the Chief Information Officer. Mr. Brillon brings over 10 years of
experience in software development. Prior to his arrival, he served as a Software Developer for IBM
Watson Research Center. In addition, he was a Project Leader in Software Development for S&P
Comstock. Mr. Brillon is a graduated with a B.A. from The School Of Visual Arts, and attended Columbia
University for two years in Software Development.
WOSSEN BELAY is a Director of Marketing and Business Development. Prior to his arrival, he served as a
Marketing Director for WMA Securities. Prior to WMA Securities he was e Regional Sales Director of
Aamco North Eastern. Mr. Belay graduated with a B.S. in Marketing and Finance from St. Johns University.
EPIFANIO ALMODOVAR is a Director of Marketing and Business Development. Prior to joining R&B
Computer Systems, he was a Senior Vice President/Partner at Prime Charter Ltd., an investment bank in
New York. He is currently on the Board of Advisors of Inculab, an internet incubator. Mr. Almodovar
graduated with a B.B.A. in Banking and Finance from Hofstra University.
Projected Balance Sheet:
Current Assets: 2004 2005 2006
Cash: ,285,386 ,372,412 ,845,897
Profit and Loss: 2004 2005 2006
Total Income: ,595,000 ,975,000 ,420,000
Cash Flow: 2004 2005 2006
Cash Sales ,595,000 ,975,000 ,420,000
Ifinix Corporation 400 Garden City Plaza Garden City, New York. 11530 516 620 6741 631 961 6411 contact@ifinix.com
Expect within the next few weeks for upcoming events.. We feel this is worth holding in your portfolio and will be a sure positive growth oriented stock that presently is attractively priced... Close Friday ..04 Target price mid-year 2005 .25 - .45 Have a good day Varok varok@qcol.netYour friend in the investment community. http://www.stockmarketquarterly.com |
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Disclaimer: Stockmarketquarterly is an independent newsletter. Stockmarketquarterly's goal is to give the investor the necessary knowledge to make rational and profitable investment decisions..Stockmarketquarterly expects to generate new subscriber revenue, the amount of which is unknown at this time, to its newsletter through the distribution of future special reports. This publication does not provide an analysis of a company's financial position and is not an offer to buy or sell securities. Information about publicly listed companies and other investor resources can be found at the Securities & Exchange Commission website www.sec.gov. Investing in securities is speculative and carries risk. It is recommended any investment in any security should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Stockmarketquarterly presents information in this report believed to be reliable, but its accuracy cannot be guaranteed. Past performance does not guarantee future results. The information contained herein contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company. In accordance with safe harbor provisions of the Private Securities Litigation Reform Act of 1995, that statements contained herein that look forward in time, which include other than historical information, involve risks and uncertainties that may affect actual results of operations. Factors that could cause actual results to differ include the size and growth of the market for the company's products, the company's ability to fund its capital requirements in the near term and in the long term; pricing pressures, etc. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should or might occur.
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We often accept restricted shares of company stock; by SEC regulations, restricted shares cannot be sold into the market for a period of at least one year from the time that the shares are issued. In such cases, we will detail in the Disclaimer the specific term of any restrictions. We also receive compensation in the form of stock options, in which case we receive the right to buy shares of the stock of the company at issue, at a specified time and a specified price. In such circumstances, we specify on our Disclaimer the terms of the options received. On occasion, we also accept free-trading shares in a company that we cover. We will never buy or sell any shares of a company's stock within three trading days after any such company's Profile, or other company-specific information is disseminated in the
Stockmarketquarterly newsletter..Stockmarketquarterly has been paid a fee for profiling Ifinix Corporation ...
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