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Technology Stocks : Infocast (IFCC)

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To: leigh aulper who started this subject	12/20/2001 5:30:07 PM
From: leigh aulper	of 94

Survival InfoCast Receives a Commitment for $7.0 Million of Equity Financing TUCSON, Ariz., Dec. 20 /PRNewswire/ -- InfoCast Corporation (OTC Bulletin Board: IFCCE - news) a provider of leading-edge call center and e-Learning solutions, announced today that it has received a commitment for $7.0 million in equity financing from a Luxemburg based investor. When received, these funds will be applied to continued development and deployment of InfoCast's industry leading services.``This is an extremely challenging environment for raising money and investors are being highly selective at the current time,'' notes William C. Lowe, CEO InfoCast. ``We are encouraged that these investors appreciate the tremendous growth opportunities we face. We expect that the funds which we will receive from this investor along with our current customer commitments will be sufficient to take the company to cash break even.''

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