IPO !!
NFe.com Plans IPO For Subsidiary
IT*CareerNET Seeking To Raise $25 Million
Tysons Corner, Virginia ? November 2, 1999 - - INFe.com (OTC-BB-INFE), an
E-Commerce and Internet consulting company, today announced that it is
planning to ?spin off? its IT*CareerNET division and raise $25 million
through an Initial Public Offering that would make the IT*CareerNET a
separate public company. IT*CareerNET plans on reaching revenues of $100
million through a series of strategic acquisitions. INFe.com will retain a
large equity ownership in IT*CareerNET.
?The IT*CareerNET is a revenue producing company and now is the time to
take it out of its incubator, find it a professional management team, turn
it over to the public and watch it grow,? said Thomas Richfield, President
and Chief Executive Officer of INFe.com. ?We are really excited about this
Internet-based technology recruiting and staffing company. We believe it
is unique in operation and provides a total Internet recruiting solution
to our clients and a total Internet career site for our technology
professionals.?
IT*CareerNET is a portal site for technology companies and job seekers to
find each other. The site offers recruiting services, career services and
Internet Affinity programs aimed at its audience. You can perform
technology skills evaluations, take a skills test, get certified and
educated all at one site through links to affinity groups selected by
IT*CareerNET for their quality of products.
You can also hire your own personal career planner through the
IT*CareerNET?s Professional Placement Service, ICN-PPS. This service
includes the hiring of a Personal Career Advisor trained by ITCN who
becomes your own personal career planner. PCA?s perform a ninety-day
intensive Internet-based job search for ITCN-PPS enrolled members. The
program cost is $300.00 and includes a full year membership in the
IT*CareerNET.
Other services provided by IT*CareerNET include the purchase computer
products, hotel, travel and flight reservations, car rentals and the like
through it?s Travelocity, Inc. affiliation. Many additional personal
services are in the planning stages by the company.
For more information on IT*CareerNET, call 703.734.5650 or visit
www.itcareernet.com For more on INFe.com visit their web site at
www.infe.com.
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Certain Information contained in this press release is comprised of
forward-looking information. Circumstances unknown to the Company at this
time could result in different strategies or conclusions that could
materially affect the information contained herein. |
