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Last Post: 5/20/2022 3:51:09 PM - Followers: 52 - Board type: Free - Posts Today: 0


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: http://www.igiusa.com.

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: http://www.infinitybdc.com/contact.php.

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: Quarterly Report (10-q) 05/16/2022 10:57:09 AM
BEGI News: Securities Registration Statement (s-1/a) 03/11/2022 11:43:43 AM
BEGI News: Small Company Offering and Sale of Securities Without Registration (d) 03/02/2022 10:57:36 AM
#1851   Be awesome if news came soon, too!! YFin42 05/20/22 03:51:09 PM
#1850   Go time abazaba375 05/20/22 03:08:41 PM
#1849   Adding abazaba375 05/20/22 02:36:55 PM
#1848   this company clearly lied about the pause in conversions. tchalla 05/06/22 11:23:18 AM
#1847   Nice volume today! Chart reset$$$ TooYoungToDie 05/04/22 06:09:26 PM
#1846   Rsi reset! She will fly with any news$$$$ TooYoungToDie 05/03/22 06:24:37 PM
#1845   It was all a pump and dump, back m_m007 05/03/22 12:18:10 PM
#1844   Maybe your wish is coming true. randrandom 05/02/22 04:55:06 PM
#1843   IN already. Got lucky .003-.0035 fills about 20mins randrandom 05/02/22 04:47:33 PM
#1842   Awesome runner today. Multiday runner till end of BERKSHIRE AGENT 05/02/22 03:33:12 PM
#1841   interesting,,,, grabbed some here,,, low floats heating up. GL rbb 05/02/22 03:11:14 PM
#1839   Over 114k dollar volume today already and not JMMatthews 05/02/22 02:37:59 PM
#1838   Convertible on a .006 LMAO can you say Watcher31 03/03/22 09:30:00 AM
#1837   Begi offering. Enjoy the show!! Shmoney1 03/03/22 05:02:03 AM
#1836   Bitcoin is pumping again, let’s see another big run littlebird902001 02/09/22 12:26:40 PM
#1835   So would they just cease operations or just burner67 11/01/21 11:40:23 AM
#1834   Nah, Bankruptcy would mean they would have to actually mretgnol 10/30/21 11:11:31 AM
#1833   This company is a one man operation, run burner67 10/25/21 04:52:59 PM
#1832   Of course you are . I wouldn’t expect JJ24 10/25/21 12:13:00 PM
#1831   I'm convinced this thing is headed for bankruptcy burner67 10/25/21 10:11:34 AM
#1830   How do you value this thing? mretgnol 10/23/21 10:43:06 PM
#1829   Come on $BEGI$ time to hear something ! JJ24 10/20/21 11:43:06 AM
#1828   No one is talking about sales or sales burner67 09/29/21 02:39:43 PM
#1827   OTC has a 69M unrestricted. Regardless, the SC777 09/28/21 04:04:04 PM
#1826   Even Yahoo Finance has the correct updated numbers. mretgnol 09/28/21 04:01:24 PM
#1825   It's 69 million as of 9/1/21 according to SC777 09/28/21 03:55:56 PM
#1824   The float is 98 million as of their mretgnol 09/28/21 03:49:11 PM
#1823   Yeah, I mean, the tards at Power Up mretgnol 09/28/21 03:47:38 PM
#1822   I said float SC777 09/28/21 03:46:33 PM
#1821   The DD just keeps getting better! JJ24 09/28/21 03:46:08 PM
#1820   Well, at least Todd received some money to mretgnol 09/28/21 03:45:09 PM
#1819   Like double that... mretgnol 09/28/21 03:44:29 PM
#1818   Yes that would do it! Great DD work JJ24 09/28/21 03:39:05 PM
#1817   I mean, one of the largest shareholders here mretgnol 09/28/21 03:37:47 PM
#1816   Games being played IMO. Float is like SC777 09/28/21 03:35:17 PM
#1815   Watch someone will smack it all . JJ24 09/28/21 03:33:52 PM
#1814   AHAHAHAHA, another 678K block at .0446. This SC777 09/28/21 03:32:57 PM
#1813   Yup - not sure who's putting out all SC777 09/28/21 11:56:28 AM
#1812   Seems like every other day it gets smacked JJ24 09/28/21 11:54:54 AM
#1811   I think you are onto something. That is JJ24 09/28/21 11:52:37 AM
#1810   Is that update covering any comment about Todd mretgnol 09/27/21 09:42:07 PM
#1809   Nobody is shorting this because no one is mretgnol 09/27/21 09:40:37 PM
#1808   Another 1m block- this is bananas SC777 09/22/21 01:16:08 PM
#1807   Lol - that’s 5% of the float. SC777 09/22/21 12:56:18 PM
#1806   Nice huge slap ! JJ24 09/22/21 12:54:13 PM
#1805   Another 990k block. Smfh. Unbelievable manipulation. SC777 09/22/21 12:45:56 PM
#1804   Insane it is. Huge update coming IMO! $BEGI$ JJ24 09/22/21 12:16:33 PM
#1803   LOL this is insane. Who keeps throwing SC777 09/22/21 11:37:21 AM
#1802   I slapped it for 25k shares at .042 JJ24 09/20/21 02:43:12 PM
#1801   Where the hell are these shares coming from? SC777 09/20/21 02:16:52 PM
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