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Last Post: 4/15/2021 9:47:06 AM - Followers: 54 - 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: Annual Report (10-k) 04/12/2021 04:50:46 PM
BEGI News: Small Company Offering and Sale of Securities Without Registration (d) 04/08/2021 05:20:49 PM
BEGI News: Current Report Filing (8-k) 04/08/2021 05:17:38 PM
BEGI News: Small Company Offering and Sale of Securities Without Registration (d) 02/04/2021 11:59:16 AM
BEGI News: Current Report Filing (8-k) 02/04/2021 11:54:39 AM
#1736   Thanks for the .04s whoever is selling SC777 04/15/21 09:47:06 AM
#1735   I know they all down . $BEGI$ way JJ24 04/14/21 03:30:35 PM
#1734   Why are none of the OTC crypto plays SC777 04/14/21 02:10:03 PM
#1733   10k filed. Eom urge2surge 04/13/21 09:12:34 PM
#1732   Recent filings on inside and note conversion. urge2surge 04/10/21 09:48:29 AM
#1731   Agree - chart looks great. They’re not SC777 04/06/21 06:57:54 PM
#1730   This is looking closer and closer to breakout time. Fatsachs 04/06/21 01:48:56 PM
#1729   Keep them coming ! High Jinkx 03/30/21 02:04:22 PM
#1728   Nice slaps coming in! $BEGI$ JJ24 03/30/21 02:02:14 PM
#1727   .04s look good $pennypuppet 03/25/21 09:27:32 AM
#1726   That is a great mature piece of advice Bodhi_Trades 03/24/21 06:05:31 PM
#1725   I can't say with any certainty that it SPM555 03/24/21 05:40:44 PM
#1724   You still think OTC will trade better in SC777 03/24/21 04:26:00 PM
#1723   Holding tight on this one, 0.06 don't scare me k4yzee 03/23/21 03:39:38 PM
#1722   Oh for sure SC777 03/23/21 10:42:53 AM
#1721   Haha, right. Or maybe some smoke signals. No SPM555 03/23/21 10:34:19 AM
#1720   Thanks agree. I picture these guys all SC777 03/23/21 10:31:30 AM
#1719   Yeah, it does feel like the tide is SPM555 03/23/21 10:29:08 AM
#1718   Ok thanks, yeah you answered the question. SC777 03/23/21 10:25:10 AM
#1717   No that's a very fair and rational point. SC777 03/23/21 10:23:48 AM
#1716   If you look at the big picture on SPM555 03/23/21 10:19:21 AM
#1715   Honestly that's how it goes. The previous bullish SPM555 03/23/21 10:17:29 AM
#1714   Still a very bearish sentiment across OTC so SC777 03/23/21 10:13:38 AM
#1713   Most likely, yes. SPM555 03/23/21 10:11:29 AM
#1712   Yeah it was pretty clear what happened yesterday SC777 03/23/21 10:07:27 AM
#1711   I've been taking advantage. Looks like it should SPM555 03/23/21 10:04:38 AM
#1710   Yeah agree, they overdid the shorting a bit SC777 03/23/21 09:48:27 AM
#1709   These are just the same tactics I've seen SPM555 03/23/21 09:46:03 AM
#1708   Thanks ASCM, I'll take .06's after you shorted SC777 03/23/21 09:36:42 AM
#1707   ** NEWS ** retiredtech 03/23/21 09:08:09 AM
#1706   Down over 50% from highs. On a SC777 03/22/21 03:23:17 PM
#1705   ASCM never fails man. He crushes every SC777 03/22/21 03:19:41 PM
#1704   2021-03-22 BlackStar's Digital Trading Platform Nearing Completion" retiredtech 03/22/21 02:21:38 PM
#1703   News SC777 03/22/21 12:59:26 PM
#1702   Why is this up? Any idea? slickinvest 03/22/21 12:58:27 PM
#1701   Effing 50 million floater and somehow they're able SC777 03/22/21 10:47:40 AM
#1700   Back to .08s. OTC is such a SC777 03/22/21 10:46:36 AM
#1699   Ya I took some nice profits at .12-.14. JJ24 03/22/21 10:44:50 AM
#1698   MF shorts win again. Pounded that .11 SC777 03/22/21 10:39:05 AM
#1697   What's the obsession with .11 here? They SC777 03/22/21 10:26:55 AM
#1696   Oh ya awesome news! $BEGI$ JJ24 03/22/21 10:05:18 AM
#1695   Weird action on L2, looks like they're trying SC777 03/22/21 09:57:25 AM
#1694   Nice news here, breakout SC777 03/22/21 09:49:43 AM
#1693   BEGI nice close Longer Than Most 03/18/21 11:05:35 PM
#1692   Some idiot sold me .044 thanks lol $pennypuppet 03/18/21 10:35:51 AM
#1691   any DD here The Night Stalker 03/13/21 12:46:33 AM
#1690   Been adding BEGI as well Longer Than Most 03/10/21 02:53:16 PM
#1689   Slapped a few more $BEGI dipANDrip 03/10/21 10:09:55 AM
#1688   BEGI's actually mretgnol 03/10/21 10:06:48 AM
#1687   $BEGI setting up for a huge run here. dipANDrip 02/21/21 03:38:22 PM
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