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Microcap & Penny Stocks : CFCC - Corfacts, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Rick who wrote (509)	10/23/2000 5:14:57 PM
From: Untouchable	Read Replies (1) \| Respond to of 516

Corfacts, Inc. Announces Repurchase of Chairman's Shares FREEHOLD, N.J., Oct 23, 2000 /PRNewswire via COMTEX/ -- Corfacts, Inc. (OTC Bulletin Board: CFCC), announced today that its founder, Larry Finkelstein, has resigned from his position as President and a member of the Corfacts Board of Directors. Mr. Finkelstein will serve Corfacts as Vice President -- Marketing. Corfacts also repurchased the 3,864,088 Corfacts shares owned by Mr. Finkelstein. The purchase price was $1,000,000, consisting of a cash payment of $419,000 and a five year 7% subordinated secured note in the principal amount of $581,000. Mr. Finkelstein surrendered all options he held for Corfacts shares. Mr. Finkelstein stated: "Since 1996 I have enjoyed working with Ariel Freud and the Corfacts team to build its Metro Marketing subsidiary into a position of strength." The Company is experienced in a wide range of outbound and inbound telemarketing business services, including appointment setting, lead generation, lead management, direct mail follow-up, trade show support services, surveys, market research, publication subscriptions, customer service and account management. The Company has four call centers in New Jersey, providing services for clients throughout the United States. SOURCE Corfacts, Inc. CONTACT: Ariel Freud of Corfacts, Inc., 800-696-7788 (CFCC) prnewswire.com (C) 2000 PR Newswire. All rights reserved. -0-