>>HERE ARE SOME FACTS<< I am tired of all the crap flyin' around this thread lately.
This is LONG post, but if you have money invested OR are planning to invest, you better know some FACTS about what you are sinking $$$ into. blah, blah, blah, NOT.
This is the DD most of you did not do. For those of you that did, this is in your honor.
FACT #1
Thursday May 28, 11:06 am Eastern Time
Company Press Release
Infocall Wins Federal Government Subcontract to Supply Staffing Services To State Department
VIENNA, Va., May 28 /PRNewswire/ -- Infocall Communications Corp. (OTC Bulletin Board: INFE - news) an emerging leader in Internet-based Staffing and Employee Leasing services today announced the Company has been named as the subcontractor for a Department of State staffing program by Milvets, Inc. an 8(a) minority owned contractor based in Lanham, Maryland.
The initial contract value is $3 million over a 5 year period, with ''open end'' provisions for expansion during each contract year with an estimated value of $10-$15 million with future modifications. .
Through the program, Infocall and Milvets will provide contract employees to the State Department for positions in the U.S. and abroad. A special high- security computer system and personnel database has been designed and deployed by Milvets as a key component of this program.
According to Infocall's CEO, Tom Richfield, ''We expect this unique program to become extremely popular in the State Department, and likely to attract the attention of other government agencies. Just as personnel outsourcing has become common practice in the private sector, we see the U.S. Government becoming one of the largest users of contract staffing, especially with pending Year 2,000 (Y2K) compliance issues.'' -snip-
Y2K?? Is this a big deal? You tell me. READ THIS FACT:
Estimates place correcting the problem for businesses and the public sector in the United States alone between $100-$200 billion. If you accept the premise that the total information technology services marketplace in America approaches $150 billion annually; that means Year 2000 Software Conversion could represent anywhere from 33%-50% of dollars spent for information systems in one year. Some ITAA Year 2000 Task Group members report estimates placing the worldwide total to correct the problem between $300 and $600 billion. -snip-
GOOD MARKET EH? The "Gub-ment" ain't a bad client to have either. Anyone out there know what an 8(a) status means? I do. It means gold.
Look it up.
FACT #2
VIENNA, Va., May 26 /PRNewswire/ -- Infocall Communications Corp. [OTC BB:INFE - news], an emerging leader in Internet-based staffing solutions and employee leasing services, experienced one of its heaviest trading days on record, just prior to the holiday weekend. Infocall CEO, Tom Richfield, called it a sign of support for the company's new strategy and vote of confidence by shareholders that Infocall can take a dominant market position in the staffing industry. -snip-
What is OUTSOURCING/STAFFING?
Outsourcing is the strategic use of outside resources to perform activities traditionally handled by internal staff and resources.
Outsourcing is a management strategy by which an organization outsources major, non-core functions to specialized, efficient service providers. Companies have always hired special contractors for particular types of work, or to level-off peaks and valleys in their workload. They have always partnered-formed long-term relationships with firms whose capabilities complement their own; companies have always contracted for shared access to resources that were beyond their individual reach-whether it be buildings, technology or people. But the difference with simply subcontracting and outsourcing is that outsourcing involves the wholesale restructuring of the corporation around core competencies and outside relationships.
Top 10 reasons companies outsource (in alphabetical order)
1. Accelerate reengineering benefits
2. Access to world class capabilities
3. Cash infusion
4. Free resources for other purposes
5. Function difficult to manage or out of control
6. Improve company focus
7. Make capital funds available
8. Reduce operating costs
9. Reduce risk
10. Resources not available internally
-snip- (anyone who wants detailed info about items 1-10 can PM me)
FACT #3
Thursday June 4, 2:48 pm Eastern Time
Infocall to buy stk until value increases
VIENNA, Va., June 4 (Reuters) - Infocall Communications Corp. said Thursday its board has authorized Chief Executive Tom Richfield to begin buying back shares of the Public Float starting June 5 until its share is no longer undervalued.
The stock was last at 4-5/8. It closed Wednesday at 3-25/32.
The Internet-based staffing and employee leasing services said in a statement that the current stock price is ''significantly undervalued.'' As a result, the company is going to begin a ''serious effort to buy back public shares until the problem is corrected.''
-snip-
IF IT WAS "SIGNIFICANTLY UNDERVALUED" AT 4 5/8, WHAT IS IT NOW???
(btw: who better to estimate the value of the company than the
C-freakin'-E-O) This ain't me, or macker, or dwilma, or any other "Rocketeer" sayin' so. IT'S THE MAN. The guy with the REAL scoop.
ALSO, he isn't posting on SI. He's going ON RECORD on Reuters.
FACT #4
Infocall Announces Staffing Subcontract to IBM
TYSONS CORNER, Va., June 2 /PRNewswire/ -- Infocall Communications Corp. (OTC Bulletin Board: INFE - news) an emerging leader in Internet-based staffing and employee leasing services, today announced the company has been named as a sub-contractor to supply technology consultants to IBM by Alternative Resources Corporation (Nasdaq: ALRC - news), a leading provider of technical services operating in over 50 cities.
Infocall, through its Internet-based staffing service the IT*CareerNET, will leverage its extensive database of information technology professionals to rapidly fill open contractor positions in IBM locations across the U.S. These positions include individuals with ''hot skills'' experience with Oracle, SAP, Peoplesoft, JAVA and other Internet and database technologies which the IT*CareerNET has consistently attracted.
According to Infocall CEO Tom Richfield, for every ten IBM contractors on 12-month assignments, Infocall can produce approximately $1 million in annual revenue. With an unrestricted number of openings in the IBM contract available to fill, Richfield sees unlimited opportunity for generating substantial revenues from the IBM relationship.
''Infocall is extremely pleased to have been selected for this national IBM staffing contract through ARC,'' said Richfield. ''It sends a clear message to the industry about Infocall's leadership role in the fiercely competitive technology staffing arena.''
ARC's Clients Services Manager, Cassy Slaven, said, ''We have been impressed with Infocall's dynamic business strategies and expect them to play a valuable role in supporting the IBM contract. We look forward to building a long term relationship with Infocall.''
-snip-
THAT NEEDS NO COMMENTARY FROM ME.
These are the facts. I'm sorry I made you wade thru all that, but we are talking about money here. -chartman OUT! |
