January 10, 2000
Dear Shareholders:
INFe.com is experiencing a resounding endorsement of its business plan,
proposed name change and new corporate structure. The creation of
INFe-Ventures, INFe-Technologies and INFe-Human Resources will position
INFe.com to become an infrastructure leader in the E-Commerce, Internet
and Technology markets.
The Company is also on the financial 'fast track', which includes its
recent completion of its two-year audit and the filing of its Form 10-SB
with the Securities and Exchange Commission.
Unfortunately, when the SEC designated these "fully reporting"
requirements for thousands of small businesses, the NASD has not allowed
any grace period to continue their quote listing even when a filing
company has met its required deadline, as is the case with INFE. This has
created a negative impact for many companies meeting the SEC requirements
but not the NASDAQ deadlines because they are being temporarily removed
from the NASDAQ quote system to the "pink sheets" until their review
process is completed by the SEC.
Being on the "pink sheets" for a short period of time is really more of an
inconvenience than anything. INFe.com's stock can still be traded as
always, however one must contact a retail broker to get a trade
accomplished.
INFe.com has taken the necessary steps to prepare for such an incident if
it were to occur on January 12, 2000, which is the Company's deadline.
Documentation has been filed with the SEC to ensure a quick and immediate
return to original trading status (OTC BB: INFE) when the SEC approves
INFe.com's Form 10-SB.
The Company has also arranged for INFe.com shareholders to contact retail
brokers that are more than happy to assist in purchasing our stock,
checking prices, trading and staying current with the latest news about
INFe.com. A list of retail brokers will be announced in the next few days,
however your current broker should have no difficulty in placing your
orders. Please contact Doug Larkin at our toll free office number 1-877-
665-7766 if you need assistance.
I, as CEO of this company challenge all shareholders to rally around their
Company and their investment. Our stock does not have to decline in value
and many companies stock actually appreciates even while on the "pink
sheets". I want INFE to be one of the latter and all shareholders to
benefit from the progress we have made and the money we have spent to make
this an extremely successful company. I have been reading the "threads"
recently and am encouraged by the many positive comments from our
shareholders. I am also aware of the constant "bashers" and "nay-sayers"
comments. Each of us has to make our own investment decisions and if there
are many seller mentalities lets get them out now! Our stock is a bargain
and the value of our company has gone up considerably by the filing of our
10-SB. Anyone in the investment business knows that a fully reporting
company is a better investment. We have met our requirements and we are a
better investment now than before so why should our stock depreciate.
I do want to express my apologies for any inconveniences this "pink sheet"
process may cause now but I do not anticipate this temporary situation to
negatively affect the company's operations, business plans or
accomplishments in the long run. So if you're long on INFE, buy now or sit
tight. If you're a day trader or "pump and dumper" sell now, because we
are ready to buy your under-valued shares.
Sincerely,
Thomas Richfield
President & Chief Executive Officer
INFe.com / Infocall Communications Corporation
P.S. I would like to take this opportunity to update our loyal
shareholders on some of the more positive aspects of the Company' business.
We recently executed an agreement with a public entity to merge the
IT*CareerNET with a public entity. To facilitate this, we have formed a
wholly owned subsidiary, IT*CareerNET.com, Inc. This new public entity
will trade under its own symbol and has planned its own IPO to occur
shortly after the merger, which is scheduled in the first quarter of this
year. INFE will retain the majority of shares following the merger. This
is an exciting opportunity for shareholders of INFE to purchase shares of
IT*CareerNET prior to the public offering. For information on this
opportunity contact Doug Larkin.
Both INFe and IT*CareerNET have just entered into agreements with 5th
Avenue Channel, Inc. (NASDAQ-FAVE) to become the Career service for 5th
Avenue. 5th Avenue Channel (www.5thavenuechannel.com)is an exciting
company with plans to be one of the premier providers of Internet and
upscale cable television programming catering to the financial
professional.
IT*CareerNET.com, INC., signed a 5 year deal to provide technology
employment services, which will include the exposure of IT*CareerNET
services on 5th Avenue's cable broadcast channel, scheduled to be
televised in over 5 million homes. This financial and upscale channel will
offer its video on broadcast cable and streaming Internet video. This
opportunity is great for the IT*CareerNET both for exposure and the
creation of the first Internet Video Resume, which will become a feature
to the service.
INFE and 5th Avenue have signed a Letter Of Intent to create a "joint
venture" for INFE to develop and operate an entire career site for 5th
Avenue. INFe will also manage the marketing of broadcast media for the
service and expects to earn millions in the selling of job, banner and
video profiles for companies wishing to advertise on 5th Avenue's channel
and web site. News release is coming.
In preparation of the growth expectations of INFE, the Board of Directors
have also voted to approve a re-capitalize the company's authorized shares
and create 100 million authorized common shares and 20 million preferred
shares through a shareholder vote that is scheduled this month. The new
capitalization will give the Company additional flexibility to perform
acquisitions and raise capital in the future.
The Company also plans on completing its formation of three additional
wholly owned subsidiaries, INFe-Human Resources, Inc., INFe-Ventures, Inc.
and INFe-Technologies, Inc. in the month of January. These subsidiaries
will be used for the planned acquisitions of a $20 million PEO service
company and the acquisition of a technology consulting practice.
INFe-Technologies has already identified its first Vice President and will
be in business performing web site design and Internet integration
services before the end of January. The operation will be based in
Colorado and Virginia.
Speaking of raising capital, the Company has signed a term sheet for $1-$2
million in financing with an investment banking firm which to be named
later. This financing will enable the Company to complete all of its
current planned acquisitions and realize revenues in excess of $20 million.
The Company also has reached an agreement for an extension of its DataMEG
contract. This contract will include an equity position for INFE and an
opportunity for INFE to continue to assist DataMEG in its infrastructure
development.
IT*CareerNET has plans to open a recruiting office in Colorado Springs,
CO. This will be in conjunction with the Company's INFe-Technologies
operations. IT*CareerNET continues to generate new clients and income
under the direction of David Dodd, its Vice President. New news releases
are planned for this month.
These are but a few highlights of our current activities. We have an
extremely exciting year ahead and invite all shareholders to visit our
corporate headquarters and spend some time with us.
Personally, I encourage you to stay with the company as a shareholder and
take advantage of the potential opportunity to purchase INFE stock below
market value during this period. Don't forget the old adage: One person's
loss is another person's gain.
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