INFe.com to Close On Major Acquisitions Adding $25 Million in Revenues; Name
Change From Infocall Effective Immediately
Business/Technology Editors
TYSONS CORNER, Va.--(BUSINESS WIRE)--March 30, 2000--Infocall
Communications Corp. announced today that it will close within the
next fifteen days on two major acquisitions that will add $25 million
annualized in revenues to its revenue stream. In addition, the Company
will now conduct business as INFe.com (OTC BB: INFE), an Internet
incubator and technology infrastructure company.
The Company commences its aggressive acquisition strategy and
assumes its new name upon the completion of a mandatory 30-day waiting
period imposed last month by the SEC, during which it re-listed its
shares on the OTC Bulletin Board. INFe.com will continue to trade
under the symbol INFE.
INFe.com President and Chief Executive Officer, Thomas M.
Richfield, stated, "The two acquisitions we are completing within the
next week and a half are first steps in our determined and
well-planned strategy to add revenues and significant assets to our
balance sheet. They build on our recent agreement with 5th Avenue
Channel, through which we added 100,000 of their shares to our asset
column."
Richfield continued, "We anticipate executing other equity
agreements with prior clients in the immediate to near future. As we
continue to add to our equity position and increase our bottom-line
revenue streams, we are confident that we will meet all the
requirements necessary for listing on the NASDAQ SmallCap market this
year."
About INFe.com
INFe.com, Inc. is a fully-reporting public company serving as an
Internet infrastructure organization providing Internet and e-commerce
companies their most needed resources. The Company comprises three
wholly-owned subsidiaries: INFe-Ventures, Inc., the financial and
business consulting services division of the Company;
INFe-Technologies, Inc., which performs technology due diligence,
technology consulting, i.e., software development, software projects,
software consulting, and serves as a technology outsourcing resource;
and INFe-Human Resources, Inc., a provider of staffing and human
resource management services for its client base. INFe.com can be
visited online at www.infe.com.
Forward-looking statements in this release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, possible changes in cost of materials, expense items,
capital expenditures, capital structure, and other financial items;
introduction of new products and possible acquisitions of assets or
businesses; possible actions by customers, suppliers, competitors,
regulatory authorities; and other risks detailed from time to time in
the Company's periodic reports filed with the Securities and Exchange
Commission.
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CONTACT: INFe.com, Inc. OTC Financial Network
Thomas M. Richfield Geoffrey Eiten
703-734-5650 781-444-6100 x.13
www.infe.com www.otcfn.com |
