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To: chuckmicro who wrote (1087)	7/31/2007 11:52:49 PM
From: Glenn Petersen	Read Replies (2) \| Respond to of 3862

A final extension for the HAPC-InfuSystem merger: HAPC and I-Flow Extend Termination Deadline for Acquisition of InfuSystem Tuesday July 31, 8:36 am ET NEW YORK--(BUSINESS WIRE)--HAPC, Inc. (OTCBB: HAPN; HAPNW; HAPNU), today announced that it has mutually agreed with I-Flow Corporation (Nasdaq: IFLO - News) to an additional extension of the termination deadline in the stock purchase agreement regarding HAPC's acquisition of InfuSystem, Inc. The previous deadline of July 31, 2007 has been extended to October 1, 2007. The extension is expected to allow HAPC sufficient time to address the remaining Securities and Exchange Commission (SEC) comments on HAPC's preliminary proxy statement and effect a shareholder vote on the acquisition. Sean McDevitt, Chairman of HAPC, commented, "We expect to file our final proxy statement and set the record date for the proxy vote in the coming weeks. Continuous infusion therapy is gaining widespread recognition within the medical community as a preferred treatment for administering chemotherapy. As the leading nationwide provider of external ambulatory pumps and support services, InfuSystem is ideally positioned to benefit from this trend." InfuSystem supplies electronic ambulatory infusion pumps and various assorted supply kits used in the treatment of cancer and provides billing and collections services for these items to approximately 1,550 physician practices across the United States. <snip> biz.yahoo.com