Monday February 22, 11:03 am Eastern Time
Company Press Release
SOURCE: Infocall Communications Corp.
Infocall Gets 'Buy' Recommendation From Industry Analyst Research Report
TYSONS CORNER, Va., Feb. 22 /PRNewswire/ -- Infocall Communications Corp. (OTC Bulletin Board: INFE - news) an emerging leader in Internet-based staffing and employee leasing services, today announced that in a recently published research report by The National Capital Companies, the Company has been given a ''Buy'' recommendation.
According to National Capital's research analyst, Christina S. Kohlhaas, ''Infocall is positioning itself to become an important force in the employment staffing industry.''
Kohlhaas projects impressive growth rates for Infocall according to the February report. She characterizes the rapidly expanding PEO and IT staffing business sectors, the two primary lines of business for Infocall, as playing an increasingly important role in the economy as the workforce is atomized into small companies aimed at increasing creativity and responsiveness. As a group, the public IT services firms increased net income by 107% in 1997 over the prior year with seven firms showing net income improvement of more than 200%.
Based on these industry trends, National Capital labeled Infocall's business model as ''focused on the correct industry sectors.'' Furthermore, citing Infocall's growth strategy as depicted by aggressive, immediate acquisitions of IT staffing firms, National Capital declared the Company is ''positioning itself to become a major force in its industry.''
Infocall is just emerging from its development stage, and accordingly, the stock price is still at attractively low levels. With Infocall's projected growth rate and the market valuations of peer companies such as Staff Leasing Inc. (STFF), TEAM America (TMAM), and Administaff Inc. (ASF), the report further states the Infocall ''provides investors an opportunity to buy an emerging growth company at ground level prices.''
For a copy of this research report, visit Infocall's Web site at www.infocall.com and Email your contact information or call the company's investor relations department at 703-734-5650.
SOURCE: Infocall Communications Corp.
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