ITNF-Internet Infinity, splits for shareholders today
Monday February 8, 7:27 am Eastern Time
Company Press Release
Internet Infinity, Inc. Announces 2 for 1 Stock Split!
COSTA MESA, Calif.--(BUSINESS WIRE)--Feb. 8, 1999--Internet Infinity, Inc. (OTC BB:ITNF) has announced a 2 for 1 stock split for shareholders of record as of Feb. 25, 1999.
George Morris, the chairman, announced today that ''The company believes that splitting shares at this time will give the company expanded support in the securities market and could limit current shareholder dilution from the proposed acquisition of both programs and other companies creating and distributing programs.''
''We are currently seeking acquisitions for the company to expand the concept for electronic delivery of success programs via the Internet, beyond the current Personal Selling concept. Our Success site design is under way, and we believe the delivery of our own content via the Internet will be available to the company with 60 days,'' Morris continued.
Our focus on electronic programming and publishing with delivery of media on the Internet along with delivering CDs and video via our Electronic Media Central subsidiary will help clients and affiliates gain multimedia exposure.
Internet Infinity, Inc. is a Costa Mesa company that provides a bundle of e-commerce financial, direct marketing and communication services through the Internet, CD, video tape and television. The company's mission is: ''Support affiliates and clients with multimedia promotion, financial and transactional services to facilitate successful trade on the Internet.''
The primary financial goal for the company is to build shareholder value.
Certain information above may be forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially due to different factors, including competitive developments and risk factors listed periodically in company reports. IPR02089
Call 800/843-3606, fax 310/374-4984 or e-mail to investor@internetinfinity.com to be added to Press Release list.
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Contact:
Media Promotion, Inc.
310/374-0052
or
Internet Infinity, Inc.
George Morris, 800/843-3606
georgemorris@internetinfinity.com
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