Shares of InfoCast Corporation Now Trade on Frankfurt Exchange
TORONTO, Nov. 11 /CNW/ -- INFOCAST CORPORATION
(OTC Bulletin Board: IFCC), today announced that trading in the shares of the
company's common stock has been approved by the Frankfurt (Germany) Stock
Exchange, and are now trading under the symbol "IFB."
"We are committed to building the value of our company for our
shareholders," said President and CEO Jim Leech. "The most basic way of doing
that is by continuing our efforts to build the company from the ground up to
pursue our vision. But we also believe that improving the visibility of our
stock and its trading liquidity will also translate into shareholder benefits.
Investors in Europe have encouraged us to obtain a European trading venue for
our stock, and we have responded," he said.
In addition, the company said that it has filed a Form 10 Registration
Statement with the Securities and Exchange Commission, to qualify the company
as a fully reporting issuer under SEC regulations. This is the first step in
the process of transitioning our stock trading from the OTC BB to the Nasdaq
SmallCap Market. The Form 10 and amendments thereto, copies of which can be
accessed at www.infocast-corp.com are currently being reviewed by the SEC.
InfoCast Corporation is a development stage company that is developing the
infrastructure to host both Company-customized and third-party software
applications that can be accessed remotely by businesses and their employees.
This infrastructure will consist of: computer hardware purchased from third
parties; software applications; and communication connections over private and
public networks, including the Internet. InfoCast plans to provide its
customers with access to its infrastructure and hosted applications on a per
use basis. Companies providing such services have recently come to be known
as application service providers or "ASPs". InfoCast intends to host
third-party software applications, as well as the Company-customized Virtual
Call Center, Distance Learning and Teleworking software applications.
This press release contains forward-looking statements. These
forward-looking statements are dependent on a number of factors, which could
cause actual results to differ materially from those expressed or implied in
the forward-looking statements.
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For further information: Mr. Cliff A. Jones, Investor Relations, of
InfoCast Corporation, 877-338-8889, cjones@infocast-corp.com
/Web site: infocast-corp.com |
