INFE, Inc. Announces Stock Symbol Change; Company Reverts Back to Old Symbol -
INFE
TYSONS CORNER, Va., Sept. 20 /PRNewswire/ -- INFE, Inc. (OTC Bulletin Board: INFE - news) announced today that it was granted
permission from Nasdaq to regain its original trading symbol INFE. The symbol had been changed to IFEN along with the Company's name
change as reported in August of this year.
According to INFE's President and CEO, Tom Richfield... `` I am pleased to report that we have our original stock symbol once again. I wish to
thank the people at Nasdaq for their co-operation and understanding. Our shareholders were quite confused along with the general public since
our Company name and symbol are the same.''
A Technology Business Accelerator
INFE, Inc., headquartered in Northern Virginia, operates as a business accelerator and business infrastructure services provider to early stage
technology companies. INFE specializes in arranging outside capital investments for its clients and in handling reverse merger transactions, an
alternative way for a private company to go public without going through an IPO. In a reverse merger, a private company merges with an
SEC-reporting public shell company, thereby becoming a publicly-traded entity on the OTC Bulletin Board.
As part of the services surrounding such transactions, INFE advises companies in their public and private offering structuring, provides access to
working capital, identifies merger partners, makes introductions to market makers, develops and implements investor relations programs, and
provides access to executive and IT candidates to fill key positions. To implement these services, INFE uses its proprietary process known as
INFE-Structure(TM) and draws from its pool of financial, legal, technology, human resource and other management consulting experts.
INFe-Structure services are offered through four subsidiaries: INFE-Ventures, Inc., INFE-Technologies, Inc., INFE- Human Resources, Inc. and
INFE-Relations, Inc. INFE receives equity ownership and consulting fees from its client companies in exchange for its services.
Since the inception of its INFe-Structure accelerator business model, INFE has accomplished major milestones. The company has been successful
in arranging public/private company reverse mergers, (OTC-BB-DTMG), capital funding (assisted in the raising of over $6 million in capital and
equipment for clients), and has performed investor relations work for several clients. As a result of these accomplishments, INFE has a growing
portfolio of equities accumulated through the successful implementation of its services. This portfolio includes over 1 million shares of OTC-BB
public company stocks that are expected to grow in value as INFE clients execute their business plans. The Company also owns and operates the
ITCareerNet, a web based portal for technology member companies to list their current job openings and for technology job seekers to post their
resumes. The ITCareerNet can be found at: itcareernet.com .
INFE's management and advisory team have over 100 combined years of experience in providing technology industry consulting services. CEO
Thomas Richfield brings multi-faceted experience to the Company through his employment with several major blue chip companies and his
previous business ventures.
INFE is currently positioning itself for impressive revenue growth in the next 6-12 months through new client contracts and strategic alliances
with new partners. The company is also developing a program for internal growth that includes the acquisition of a NASD broker/dealer,
expansion of its ITCareerNet and consulting services as well as new contracts in the investor relations subsidiary. The Company's recently formed
INFe-Relations subsidiary has developed the INFe-Venture Club. The INFe Venture Club profiles INFE clients both on the Internet and through
other media forms in order to make potential investors aware of the clients' presence. |
