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Last Post: 12/14/2017 2:41:05 PM - Followers: 21 - 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) 11/17/2017 10:13:50 AM
BEGI News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/14/2017 08:33:34 AM
BEGI News: Small Company Offering and Sale of Securities Without Registration (d) 11/08/2017 01:13:37 PM
BEGI News: Current Report Filing (8-k) 10/10/2017 06:21:26 AM
BEGI News: Quarterly Report (10-q) 08/14/2017 02:15:20 PM
PostSubject
#1322   Yeah the bids are building. Looking really good. STOCKPICKER4LIFE 12/14/17 02:41:05 PM
#1321   I’m in let’s go!! mayvid 12/14/17 01:43:56 PM
#1320   Bids are going up. I bet they will adijas 12/14/17 01:00:04 PM
#1319   1.2 bidding now adijas 12/14/17 12:52:16 PM
#1318   Cool. Hope it works out for us. adijas 12/13/17 04:22:08 PM
#1317   Looks promising.. I took a starter today.. STOCKPICKER4LIFE 12/13/17 04:09:54 PM
#1316   Agree. Incredible gains to be made here. Especially adijas 12/13/17 09:06:20 AM
#1315   That's what I'm thinking, they already have a Big Brother 12/13/17 08:53:58 AM
#1314   yeah, saw that. Could indicate they already found adijas 12/12/17 03:48:23 PM
#1313   My thoughts exactly. They just recently changed the Big Brother 12/12/17 03:39:00 PM
#1312   They just have to announce one JV and adijas 12/12/17 03:19:39 PM
#1311   Excellent interview, Blackstar is still a merchant banking Big Brother 12/11/17 10:13:18 AM
#1310   BEGI CFO Featured in Exclusive Audio Interview with NetworkNewsWire NetworkNewsWire 03/16/17 10:27:44 AM
#1309   BEGI Announces Engagement of NetworkNewsWire NetworkNewsWire 03/13/17 12:24:30 PM
#1308   BlackStar Energy Group Inc. changed to BlackStar Enterprise Renee 09/29/16 04:26:59 PM
#1307   Bid keeps climbing... .40 x .50 now. mzurosky 09/17/10 10:38:13 AM
#1306   Another 5k bought and it upticks... very small mzurosky 09/15/10 10:29:04 AM
#1305   Bid slowly creeping up... and some SEC activity mzurosky 09/13/10 09:53:34 AM
#1304   23k shares bought at .25... thats a good mzurosky 08/11/10 02:59:41 PM
#1303   ZzZZZzzzzzzzz... See some updated filing information on the SEC mzurosky 06/30/10 02:23:26 PM
#1302   Bid and Ask getting closer together... a couple mzurosky 05/11/10 01:15:29 PM
#1301   ZZZZZZZZZZ... anyone still holding from the NPIE days? mzurosky 05/05/10 11:05:01 AM
#1300   And UP! mzurosky 04/26/10 02:52:01 PM
#1299   PPS slowly creeping up. Just need the mzurosky 04/21/10 11:36:04 AM
#1298   Yawwwn... when will this company release something... anything... mzurosky 04/12/10 11:19:56 AM
#1297   My shares are looking quite nice right now. mzurosky 04/01/10 11:44:10 AM
#1296   Price before volume? At this rate, we should DarkMatter 04/01/10 10:05:18 AM
#1295   That would sure get us noticed! DarkMatter 03/23/10 09:24:24 AM
#1294   Tempted to hit that 1.01 ask! 10k shares mzurosky 03/22/10 01:24:13 PM
#1293   Hmmm wonder when we will see something from mzurosky 03/11/10 10:13:06 AM
#1292   Hmmm 30k spike at EOD.... maybe something is brewing. mzurosky 02/22/10 03:56:37 PM
#1291   I am. Hopefully they will start to promote DarkMatter 02/22/10 01:42:19 PM
#1290   Interesting... so I guess I will hold my mzurosky 02/22/10 01:40:42 PM
#1289   8-K - INFINITY CAPITAL GROUP, INC. icg8kjan10v1.txt DarkMatter 02/20/10 12:10:53 PM
#1288   So now we are called BEGI... have mzurosky 02/12/10 10:47:58 AM
#1287   So is anyone planning on selling thing for mzurosky 12/04/09 12:57:51 PM
#1286   An update from the company on any progress mzurosky 09/18/09 01:49:40 PM
#1285   Tax loss? I guess is the future here! Meouco63 08/24/09 11:27:00 PM
#1284   Unfortunately if you go to infinity capitals website mzurosky 08/06/09 12:53:48 PM
#1283   Still DOA !!!! Meouco63 08/05/09 01:50:24 PM
#1282   2008/07/17 1.75 1.75 0.70 1.10 12,764 1.10 Meouco63 07/16/09 11:05:51 PM
#1281   OMG,,,This thing is DEAD! Meouco63 07/16/09 11:02:43 PM
#1280   Glad I didn't make a hog of myself eom Fred Fry 07/02/09 09:02:01 AM
#1279   zzzzzzzzzzzzzzzzzzzzzzzzzzzzz Meouco63 03/19/09 11:23:52 PM
#1278   PCE have you confirmed share structure? DarkMatter 01/20/09 07:31:18 PM
#1277   That's also what HILL is thinking while bidding MARKETEDGE 01/16/09 01:31:24 PM
#1276   zzzz , what ? zzz , huh ? MARKETEDGE 01/16/09 01:30:12 PM
#1275   I see it as a great Bottom Floor PCE 01/16/09 01:28:25 PM
#1274   I see a reletively small amout of stock PCE 01/16/09 01:27:10 PM
#1273   This comppany has come from a reverse and PCE 01/16/09 01:25:32 PM
PostSubject