TYSONS CORNER, Va., Jun 28, 2000 /PRNewswire via COMTEX/ -- INFe.com,Inc. (OTC
Bulletin Board: INFE), formerly Infocall Communications Corp., announced today
that it has formed a strategic alliance agreement with Archer Systems Ltd., Inc.
(OTC Bulletin Board: ARYN), to expand its infrastructure service capabilities
and increase its market reach. Under the terms of the strategic alliance
agreement, INFe.com, Inc. and Archer Systems Ltd., Inc. agreed to acquire an
equity interest in each other's corporations to pursue common goals for their
joint benefit.
Archer Systems is a business incubator focusing on acquiring, developing and
operating Internet and information technology related companies through majority
owned subsidiaries or investment through venture capital arrangements.
INFe.com, Inc., which is headquartered in the technology rich Northern Virginia
area, provides core infrastructure services, access to working capital, and
merger partners for emerging growth public and private companies, with a focus
on technology. These services include capital formation, legal and accounting
consulting, human resources management, technology evaluation and investor
relations through four subsidiaries: INFe-Ventures, Inc., INFe- Technologies,
Inc., INFe-Human Resources, Inc. and INFe-Relations, Inc. INFe.com, Inc. also
owns IT*CareerNET.com, Inc., a "click and mortar" information technology
recruiting and staffing service and the major assets of ClubComputer.com, Inc.,
which were purchased by INFe.com, Inc. earlier this year to provide computer
products and services to IT*CareerNET members. For more information on INFe.com,
Inc., visit the company's web site at: infe.com.
"We are very happy to be working with Archer," said INFe,com, Inc.'s President
and Chief Executive Officer, Tom Richfield. "This relationship will provide us
and our clients with access to Archer's knowledge and experience in capital
markets and business strategies."
"This relationship will give Archer access to INFE's valuation services, human
resource and technology consulting services," said Richard Margulies, Archer's
President and Chief Executive Officer.
"After assessing the potential value created by this strategic alliance, we feel
the partnership will be symbiotic and economically advantageous to both
companies' shareholders," continued Tom Richfield. "We believe there exists the
right combination of experience and assets to produce positive short-term
results and long-term profitability for both INFe.com, Inc. and for Archer
Systems Ltd., Inc through this relationship."
This press release may contain forward-looking statements relating to the future
performance of INFe.com, Inc. and Archer Systems Ltd., Inc. Forward- looking
statements, specifically those concerning future performance, are subject to
risks and uncertainties, and actual results may differ materially from
expectations.
SOURCE INFE.com, Inc.
CONTACT: INFE.com, Inc. Investor Relations, 877-665-6166
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