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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: FawnVu who wrote (4205)	6/8/1998 1:05:00 PM
From: Dean K	Respond to of 10343

Was looking at some earlier press releases and found this: "APRIL 9, 1997 FOR IMMEDIATE RELEASE Infocall Communications Corp. NASD-BB-INFE, a provider of Temporary Help, Permanent Placement staffing and Human Resources Outsourcing services with 1996 revenues in excess of $3.6 million, has announced the acquisition of an exclusive license from ASAP Solutions, Inc. a software company that has developed a powerful search and retrieval product designed for application in the Human Resource industry. This license, valued at $1,000,000 through third party appraisal, was purchased by Infocall in exchange for ten thousand (10,000) shares of redeemable convertible preferred stock. Each share of the preferred stock is convertible into ten (10) shares of Infocall common stock at one hundred dollars ($100.00) per share." I don't know too much about software licenses, but a $1 million dollar license sounds significant to me. The software must be pretty good. Also, am I wrong to assume that the "preferred stock" are like warrants and that ASAP can only redeem shares at $100?!? if so, looks like we still have a ways to go. Dean