Exhibit 5.1
PARKER DURYEE ROSOFF & HAFT
A PROFESSIONAL CORPORATION
ATTORNEYS
529 FIFTH AVENUE
NEW YORK, NEW YORK 10017- 4608
(212) 599-0500
FAX (212) 972-9487
June 13, 2000
IFS International, Inc.
Rensselaer Technology Park
300 Jordan Road
Troy, New York 12180
Re: Registration Statement on Form S-3 under the Securities Act of 1933
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Ladies and Gentlemen:
In our capacity as counsel to IFS International, Inc. (the "Company"),
a Delaware corporation, we have been asked to render this opinion in connection
with a Registration Statement on Form S-3 filed by the Company with the
Securities and Exchange Commission under the Securities Act of 1933, covering an
aggregate of 1,050,000 shares (the "Shares") of Common Stock, to be issued upon
conversion of preferred stock, exercise of warrants, and payment of dividends
(the"Unissued Shares").
In connection with, and as the basis for, the opinion we render herein,
we have examined the Certificate of Incorporation and the By-Laws of the
Company, both as amended to date, the Registration Statement, corporate
proceedings of the Company and such other instruments and documents as we have
deemed relevant under the circumstances.
In making the aforesaid examinations, we have assumed the genuineness
of all signatures and the conformity to original documents of all copies
furnished us as original or photostatic copies. We have also assumed that the
corporate records furnished to us by the Company include all corporate
proceedings taken by the Company to date.
Based upon and subject to the foregoing, we are of the opinion that:
(1) The Company has been duly incorporated and is validly existing as a
corporation in good standing under the laws of the State of Delaware.
(2) The Unissued Shares, when duly issued in accordance with the
respective agreements to which such Unissued Shares are subject, will be duly
and validly authorized and fully paid and non-assessable.
We hereby consent to the use of our opinion as herein set forth as an
exhibit to the Registration Statement and to the use of our name under the
caption "Legal Matters" in the prospectus forming a part of the Registration
Statement.
Very truly yours,
/s/ PARKER DURYEE ROSOFF & HAFT, P.C.
