10/27 Press Release - Way to go, Mr. D!!!
INFe.com Raises Private Placement Funding Minimum
William DeRosa Appointed to Corporate Advisory Board
Tysons Corner, Virginia . October 27, 1999 - - INFe.com (OTC-BB-INFE), an infrastructure company that provides clients with funding, technology & human resources, today announced it has raised a significant amount of working capital through an investment in its private placement offering by William DeRosa (Mr. D), one of INFe.com's largest shareholders.
"Bill DeRosa has made a significant investment in our company after spending a week at our corporate headquarters. I am pleased that he has come to the same conclusion as other investors, that INFe.com has
significant opportunities for increased success and expansion," said Thomas Richfield, President and Chief Executive Officer of INFe.com. "His investment represents a vote of confidence for all shareholders and Bill has accepted our invitation to join our Corporate Advisory Board as well. I look forward to working with Bill."
INFe.com reported that it has raised its minimum investment, for its private placement memorandum, from fifty cents to one dollar per unit. This comes on the report of two significant client contracts recently
signed and an additional acquisition under Letter Of Intent expected to be announced in the near future.
"Infe.com has created an impressive strategy for growth and I see nothing but big things ahead for this company. After meeting the management team and watching their performance for a full week, I feel certain that INFe.com will succeed in a big way. I am excited about joining the company's Advisory Board and look forward to working with this exciting management team," said Bill DeRosa.
INFe.com builds 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).
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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.
For more information, call 703.734.5650 or visit www.infe.com |
