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This month I am profiling a stock pick that has a lot of potential for the month of September. The stock symbol is INFE. With a major annoucement of 21 million in revenue from acquisition due Aug. 31 and more shortly afterwards, I look for this one to go much higher. Below is listed some great due diligence.
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INFE -
Just a note to let our shareholders know that we now have signed letters of intent with our three acquisition candidates.
Total combined revenues of these deals is approximately $21 million and EBITDA of over $1,000,000. We are now in the due diligence process prior to closing. I am pleased that we are making these advances and looking forward to the month of September as a big month for the Company. We will also be announcing significant new staffing contracts soon! I am scheduled to do an interview on the Wall Street Reporter on Tuesday the 31st of August. The Wall Street Reporter is on the internet at: wallstreetreporter.com.
I will be announcing the recent acquisition activity during this interview and I believe we should see some action in our stock at that time. If you are in the mood, I suggest you do some buying now.
....last PR.....
NFOCALL ANNOUNCES PLANS, TO ACQUIRE OVER $21 MILLION IN NEW REVENUE [INFE]
Tysons Corner, VA....August 11, 1999…Infocall Communications Corp. (OTC-INFE) an emerging leader in Internet-based Technology Staffing and Employee Leasing services today announced it plans to acquire over twenty-one million in new revenue and complete its requirements to become fully reporting by the end of the year.
According to Infocall's CEO, Tom Richfield, "We have reached agreements in principle to acquire what we consider to be a strong base of operations and set the stage for immediate internal growth and additional acquisitions in the year 2000."
Included in the acquisitions is a staff leasing company which Infocall plans on utilizing as its "backroom" operations headquarters. According to the Company, it is strategically located within our region, has a strong management team and the computer systems and capacity to handle the anticipated expansion of our Company in the foreseeable future.
The Company is actively pursuing relationships with investment banking firms to raise acquisition capital and expects to increase its financing capabilities over the next month.
The Company is also planning to accelerate the completion of its audit process and become fully reporting as soon as possible.
For more information on Infocall, call 703.734.5650 or visit the company's web sites at www.infocall.com and www.itcareernet.com.
This press release contains statements of a forward looking nature regarding future events. These statements are only predictions and actual events may differ materially.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating-Hold)
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