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INFe.com Announces Deal with Intelligent Systems, Inc.
Intelligent Systems finalizes consulting agreement with INFe.com
Tysons Corner, Virginia ?October 25, 1999 - - INFe.com (OC-BB-NFE) today
announced an exclusive consulting agreement with Intelligent Systems, Inc.
(ISI) to provide strategic financial advice.
Intelligent Systems, Inc. (ISI) is a Gaithersburg, Maryland-based company
designing customized client-server software applications for nearly a
decade. Their flagship product iRAVES„ (Internet Real-Time Address
Verification Enterprise System), is an internet-based transaction service
bureau that can be integrated as part of any existing e-commerce
application. ISI, a United States Postal Service CASS certified company,
uses the U.S. Postal Service?s proprietary database to provide users with
a valuable data integrity tool that instantly validates any United States
address.
?ISI?s iRAVES product has us very excited about it?s tremendous market
potential,? said Thomas Richfield, President and CEO of INFe.com. ?The
need to perform address verification for e-commerce companies is critical,
because misdelivered and returned products result in millions of dollars
in lost revenue each year. iRAVES is a proven technology that solves this
problem.?
INFe.com will assist ISI in developing its strategy for capital formation
and expansion. INFe.com will receive consulting fees, equity and warrants
in ISI as its payment. INFe.com has developed a process called
INFeStructure„ for emerging technology companies to assist them in their
financial, technology and human resource needs.
"iRAVES increases the quality and value of critical Web e-commerce
applications by assuring the accuracy of all address data that's entered
by the user," said Raj Sundaresan, President and CEO of Intelligent
Systems. "iRAVES supports data capture at the point of sale or
transaction, speeds product time to market by saving time and eliminating
error, and most importantly, reduces the risk of fraud. These are
absolutely vital functions for any Web site or e-commerce application and
the iRAVES makes it very easy to incorporate."
INFe.com provides INFeStructure„ for electronic commerce and
internet-based companies by providing our clients with their most needed
resources of funding, technology consulting and human resources /
professional employer organization (PEO).
For more information on INFe.com, visit the company's web site and
register on our investor mailing list at www.infe.com. For more
information on Intelligent Systems, visit their web site at
www.intelligentsys.com.
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This press release contains statements of a forward-looking nature
regarding future events. These statements are considered factual at the
time of this publication, however, future events may differ materially. |
