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BlackStar Enterprise Group Inc. (BEGI)

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Monday November 3, 12:45 pm ET

Infinity Capital Group Signs Merger & Investment Term Sheet With Infotech Global, Inc.; Infotech to Merge With Infinity Portfolio Company NPI08   

 NEW YORK, NY--(MARKET WIRE)--Nov 3, 2008 -- Infinity Capital Group, Inc. (OTC BB:ICGP.OB - News) ("Infinity"), a business development company and public reverse merger investor, announced today that it has signed a merger and investment term sheet with Infotech Global, Inc. ("IGI"), a privately held Piscataway, NJ-based profitable Bio Informatics technology firm. IGI's healthcare solution portfolio, ORBIT(TM), includes Payer, Member and Provider Portals, Wellness Management, Electronic Data Capture and Electronic Medical Records.

IGI has been in business for over ten years and has been profitable each year, with approximately $13.5 million in revenue in 2007. The Company employs over 200 personnel in its New Jersey and India facilities. IGI's current management team has been responsible for developing advanced healthcare solutions including WebMD (now Emdeon) medical transactions clearinghouse.

The term sheet provides that NPI08, Inc. (Other OTC:NPIE.PK - News), a portfolio company of Infinity Capital, shall consummate a reverse triangular merger; pursuant to which, a wholly owned subsidiary shall be merged into IGI in exchange for cash and equity consideration. Upon completion of the merger and investment transaction, NPI08, Inc. will change its name and the company's existing management team will manage the day-to-day operations of the merged entity.

Greg Laborde, CEO of Infinity Capital Group, Inc., explains, "The IGI/NPIE reverse merger is a platform deal which will kick off a roll-up program to build a large software entity providing advanced products and services to make the healthcare sector more efficient. We strongly believe IGI is poised to become a significant player in $5bn healthcare IT solutions space."

Arthur Kapoor, Founder & CEO, IGI, added, "We are excited about this transaction. It will leverage ORBIT(TM) to enhanced visibility and give us a platform to grow inorganically."

The parties shall use their best efforts to close the merger on or before December 15, 2008, and shall have the right to extend the closing for up to 15 days, if necessary, to complete the conditions of closing. The completion of the merger shall be subject to satisfactory completion of due diligence by the parties.



About Infotech Global, Inc. (IGI)

IGI is a privately held information technology company based in NJ. IGI offers high quality, cost-effective technology solutions in the areas of Revenue Cycle and Clinical Transactions. IGI's solutions portfolio helps any kind of healthcare organization transform legacy systems, automate manual processes to eliminate paper, and connect trading partners.

From Claims, Data entry/validation, Re-pricing, Pre-Adjudication, Receivables Management, Financial Transactions Processing to Continuity of Care, Universal Transfer, Lab Order/Results, ePrescribing and managing clinical trials. IGI's development methodology supports all phases of the software development cycle.

For additional information, visit:

About Infinity Capital Group, Inc.

Infinity Capital Group is a business development company that provides early-stage or mezzanine financing and management assistance to emerging growth companies. The company typically invests in companies that intend to go public through an IPO or by a reverse merger with an already public firm. It also funds small public companies that are undergoing significant change in strategy. Investments by Infinity are not limited to any particular industry.

For more information or to receive future press releases, go to Infinity's website through the following link:

This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.




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BEGI News: Amended Annual Report (10-k/a) 09/05/2018 04:14:11 PM
BEGI News: Quarterly Report (10-q) 08/14/2018 12:19:14 PM
BEGI News: Small Company Offering and Sale of Securities Without Registration (d) 07/30/2018 09:51:48 AM
BEGI News: Current Report Filing (8-k) 07/30/2018 09:48:23 AM
BEGI News: Amended Annual Report (10-k/a) 07/03/2018 05:23:24 PM
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#1396   #Breaking News: $BEGI 300k SHARE FLOAT #BLOCKCHAIN #STOCK Cryptotrademomo 03/02/18 07:38:39 AM
#1395   $BEGI NEWS BLACKSTAR ENTERPRISE GROUP, INC. Announces: Cryptotrademomo 03/01/18 04:41:24 AM
#1394   BEGI UPDATED profile Cryptotrademomo 02/20/18 08:47:48 PM
#1393   7600 SHARES SOLD SHORT YESTERDAY 100% OF VOLUME. Cryptotrademomo 02/17/18 06:22:03 AM
#1392   BEGI SHORT INTEREST 01/12/2018 5,869 Cryptotrademomo 02/11/18 08:41:46 AM
#1391   $BEGI CEO BLOG POSTED 02.06.18 Cryptotrademomo 02/07/18 07:36:41 PM
#1390   US State Senators Introduce Bill Exempting Tokens From Cryptotrademomo 02/04/18 06:10:19 AM
#1389   READ $BEGI CEO BLOG and HIS WARNING ON Cryptotrademomo 02/01/18 07:36:43 PM
#1388   CEO SHORTING CRYPTOS?!? COULD BE A GENIUS!!! Cryptotrademomo 02/01/18 06:35:45 PM
#1387    $BEGI DUE DILIGENCE BITCOIN #BLOCKCHAIN COMPANY.  Cryptotrademomo 01/21/18 06:35:57 AM
#1386   THE CEO WAS CORRECT. CRYPTO EXCELLENT SHORT OPPORTUNITY Cryptotrademomo 01/16/18 07:32:31 PM
#1385   THIS IS A #BLOCKCHAIN PURE PLAY AND NOT Cryptotrademomo 01/16/18 04:26:56 PM
#1384   BEGI BANKING $$$ IF THEY WENT SHORT CRYPTO!! Cryptotrademomo 01/16/18 02:26:08 PM
#1383   I'm trying to figure that out myself!! I Cryptotrademomo 01/09/18 06:47:24 AM
#1382   Yeah, but what's your take regarding their action mauiguy2 01/09/18 01:36:18 AM
#1381   BEGI Management could be working on the creation Cryptotrademomo 01/08/18 07:11:39 PM
#1380   This is the BIGGEST SHORT in my 43 mauiguy2 01/08/18 05:37:31 PM
#1379   $BEGI STARTING UP #BLOCKCHAIN BASED GLOBAL P2P EQUITY Cryptotrademomo 01/06/18 05:19:10 PM
#1378   $BEGI $Pistol Pete$ 01/05/18 06:42:44 PM
#1376   (Indications of a CRYPTO HEDGEFUND IN THE Cryptotrademomo 01/05/18 04:42:14 PM
#1375   CFO OF $BEGI COMMENTED ON 12/28/2017 ON CO WEBSITE!!! Cryptotrademomo 01/05/18 04:37:15 PM
#1374   $BEGI #CRYPTOCURRENCY #BLOCKCHAIN NEWS COMING!- The First Press Cryptotrademomo 01/05/18 04:20:44 PM
#1373    $BEGI DUE DILIGENCE BITCOIN #BLOCKCHAIN COMPANY.  Cryptotrademomo 01/03/18 04:39:31 AM
#1372   $60,000 BLOCK BUY TODAY AT $5 TO $5.25 Cryptotrademomo 01/02/18 06:32:12 PM
#1371   Hello anybody here !! Aleph7 01/02/18 10:19:15 AM
#1370   WHEN WE GET NEWS ON THERE BLOCKCHAIN CRYPTOCURRENCIES Cryptotrademomo 12/29/17 06:47:16 PM
#1369   What’s your prediction for January? Aleph7 12/29/17 10:36:48 AM
#1368   Bid 4.75 ask 4.99 Cryptotrademomo 12/28/17 10:52:56 PM
#1367   $BEGI> UP 24% 1jk1 12/28/17 03:22:58 PM
#1366   Bid 2.70 ask 3.49 Aleph7 12/28/17 01:39:19 PM
#1365   Wow this thing got smoked today, fred1963 12/26/17 05:25:40 PM
#1364   Thank you for all the fred1963 12/23/17 05:22:50 PM
#1363   Found 1 matching record(s).  Viewing page 1 of 1. Cryptotrademomo 12/23/17 04:45:18 PM
#1362   $BEGI DUE DILIGENCE BITCOIN #BLOCKCHAIN COMPANY.  Cryptotrademomo 12/23/17 03:28:55 PM
#1361   BEGI OWNS CRYPTO EQUITY MANAGEMENT CORP UNDER THE Cryptotrademomo 12/23/17 03:20:22 PM
#1360   HERES TO THE ABSOLUTE BEST #BITCOIN #BLOCKCHAIN STOCK Cryptotrademomo 12/23/17 08:06:04 AM
#1359   All I know is, A few days ago Cryptotrademomo 12/22/17 08:28:17 PM
#1358   What are the rules in this market regarding DrShocker 12/22/17 07:54:08 PM
#1357   BEGI CFO Featured in Exclusive Audio Interview with Cryptotrademomo 12/22/17 07:32:25 PM
#1356   $BEGI Float 303,365 CRYPTO Cryptotrademomo 12/22/17 07:26:03 PM
#1355   $BEGI BITCOIN #BLOCKCHAIN CO 300K FLOAT Cryptotrademomo 12/22/17 07:23:58 PM
#1354   Float 303,365 Could pop to $50+ On NEWS! Cryptotrademomo 12/22/17 07:22:12 PM
#1353   PEOPLE WERE WAITING TO BUY, FOR WEAK HANDS Cryptotrademomo 12/22/17 07:17:59 PM
#1352   the best in BReed!! holdin for big pay day... TrendTrade2016 12/22/17 11:48:38 AM
#1351   Glad I didn't get in Sungod95 12/20/17 11:33:14 AM
#1350   Too quiet Drigue 12/20/17 09:38:14 AM
#1349   Should FLY with this 303k float dadeano 12/20/17 06:41:05 AM
#1348   Thinking of buying in tomorrow. BEGI Sungod95 12/20/17 12:00:42 AM
#1347   That float is from last year. Dragonwing 12/19/17 11:13:35 PM