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Ifinix Corporation Announces Reorganization of Its Subsidiary, R&B Computer Into Four Operating Groups

Posted on: Monday, 1 November 2004, 12:00 CST

GARDEN CITY, N.Y., Nov. 1 /PRNewswire/ -- Ifinix today announced that is reorganizing its subsidiary, R&B Computer into four (4) operating groups: Satellite and Telephone Communication Group, Internet Services Technologies Group, Medical Technology Services Group, and Computer Software and Technology Group.

When asked to comment, Ifinix CEO Douglas Hugh Spadaro said "The reorganization of R&B reflect managements commitment to improving R&B's market presence. It will allow the company to focus its talents and strengths directly into these four (4) core industries, and more importantly allow us to create four (4) independent profit centers. By doing this, management will be able to more closely monitor the performance of each group and provide the proper vehicles for business acquisitions and strategic partnerships."

About Ifinix Corp.

Ifinix is a diversified information technology services and solutions company. Our people combine expertise in systems integration, outsourcing, infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics. The company's suite of products includes Phoenix Pro, the Phoenix Market Scanner, Phoenix Analyst and Efinix. For more information, visit http://www.ifinix.com/.

About R&B Computer Systems Inc.

Headquartered in New York, R&B Computer Systems Inc is a global consulting and technology services company specializing in industry-specific solutions, strategic outsourcing and integration services. Clients gain competitive advantage by leveraging our unique on-site, offsite, offshore delivery capability to achieve rapid deployment, world-class quality and reduced costs. RBCS is also known for application maintenance and development outsourcing in the healthcare, financial services, retail and distribution, manufacturing, telecommunications, and high-tech industries. For more information, please visit http://www.r-bcomputer.com/.

About R&B Software Solutions Pvt Ltd.

We provide comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. In the Indian market, we are a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. For more information, please visit http://www.rbss.com/.

SAFE HARBOR STATEMENT Safe Harbor Statement under Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts may be deemed to contain forward looking statements with respect to events, the occurrence of which involves risk and uncertainties including, without limitations to; demands and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow and manage its operations.

Ifinix Corp.

CONTACT: Tiiu Lochansingh of Ifinix Corp., +1-516-214-0219,ir@ifinix.com

Web site: http://www.r-bcomputer.com/http://www.ifinix.com/http://www.rbss.com/

Source: PRNewswire

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