APOLOGIES UP FRONT BUT HERE IS THE INFE SURPRISE!!!!!!!
SURPRISE!!!!!Infocall Announces Share Buy Back Plan
VIENNA, Va., June 4 /PRNewswire/ -- Infocall Communications Corp. (OTC Bulletin Board: INFE), an emerging leader in Internet-based staffing and employee leasing services, today announced the Company's Board of Directors has authorized the company's CEO, Tom Richfield, to commence a buy-back of outstanding shares of the Public Float beginning June 5, 1998.
According to Infocall CEO, Tom Richfield, "We feel the current Infocall stock price is significantly undervalued and as a result, we will now commence a serious effort to buy back public shares until the problem is corrected."
Richfield also stated the Company is expeditiously making plans to become a fully reporting company to reach the goal of NASD Small Cap Market listing as soon as possible.
"We believe that an NASD listing will broaden our shareholder base, significantly increase shareholder value and expand our opportunities to attract institutional involvement," Richfield said.
The Company's recent contractual alignments with IBM and the State Department have received laudatory comments from the marketplace and Wall Street. These contracts are a representation of the Company's aggressive long- term growth plans through strategic alliances.
Infocall has formally announced planned growth strategy through acquisitions as the fastest way to own market share in the exploding Internet- based staffing arena. Current pending acquisitions targets were not discussed.
SOURCE Infocall Communications Corp.
CO: Infocall Communications Corp. |
