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Technology Stocks : Infocast (IFCC)

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To: leigh aulper who started this subject	2/20/2001 11:56:04 AM
From: leigh aulper	Read Replies (1) of 94

InfoCast Redeems Convertible Subordinated Debenture CHICAGO, Feb. 20 /PRNewswire/ -- InfoCast Corporation, (OTC Bulletin Board: IFCC - news) a Vertical Service Provider for the call center industry, announced today that it has redeemed the remaining principal amount owing under its $1,750,000 7% Convertible Subordinated debenture due November 7, 2003. ``This redemption is part of our program to reset InfoCast's capital structure,'' stated Jim Leech, President and Chief Executive Officer of InfoCast Corporation. ``Clearly the financial markets did not like the existence of this repriceable debenture. For that reason, we determined that it was in the best interest of our shareholders to pay it off and reduce the potential overhang in the market.''

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