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Last Post: 11/28/2020 10:47:59 AM - Followers: 42 - 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: Small Company Offering and Sale of Securities Without Registration (d) 11/27/2020 08:51:44 AM
BEGI News: Current Report Filing (8-k) 11/27/2020 08:49:04 AM
BEGI News: Quarterly Report (10-q) 11/16/2020 03:51:34 PM
BEGI News: Small Company Offering and Sale of Securities Without Registration (d) 10/14/2020 12:57:28 PM
BEGI News: Current Report Filing (8-k) 10/14/2020 12:52:56 PM
#1637   Posted 11/27 along with a form D,sorry I limer814 11/28/20 10:47:59 AM
#1636   Date of that 8K is Nov 20, NOT bula 11/28/20 09:39:28 AM
#1635   thanks! looking to add a bit more $BEGI today TradeForProfits 11/27/20 11:01:42 AM
#1634   yeap funny on my scanner but wasnt there yet threewheeler 11/27/20 09:23:57 AM
#1633   Its there at the bottom where the filings are limer814 11/27/20 09:22:39 AM
#1632   why not on OTC markets https://www.otcmarkets.com/stock/BEGI/disclosure on threewheeler 11/27/20 09:13:33 AM
#1631   8k Out $BEGI https://twitter.com/EdgarInsider/status/1332320733259677696?s=09 limer814 11/27/20 08:59:23 AM
#1630   looks like a tree shake, already closing in TradeForProfits 11/25/20 02:25:42 PM
#1629   Same. Grabbed some on the little dip there. SpaceManTrades 11/25/20 02:22:41 PM
#1628   Added $BEGI limer814 11/25/20 02:11:44 PM
#1627   caught this action today. picked some up. maybe TradeForProfits 11/25/20 02:04:46 PM
#1626   Glad I stuck around. I see much more Thehustle 11/25/20 01:22:36 PM
#1625   Took a starter here. 25K SpaceManTrades 11/25/20 10:50:49 AM
#1624   Looking good. Support seems to be .032 now. PStockPickz 11/25/20 10:44:59 AM
#1623   Yes I agree $DDKING 11/24/20 09:12:19 PM
#1622   I agree but I’m gonna stick around. It’s Thehustle 11/18/20 06:05:08 PM
#1621   Too much dilution going on here. These guys jonnyvs 11/18/20 10:05:35 AM
#1620   BTC $18,150 Thehustle 11/18/20 07:35:30 AM
#1619   Was trading near 5 dollars when bitcoin was bearhunter65 11/04/20 12:24:45 PM
#1618   Pump volume coming in now bearhunter65 11/04/20 12:16:52 PM
#1617   35 cents first target bearhunter65 11/04/20 12:08:12 PM
#1616   Forget what? okavango 10/14/20 06:27:58 PM
#1615   Don’t forget it either Thehustle 10/13/20 07:35:16 AM
#1613   Great day Smokin1000 10/12/20 04:03:16 PM
#1612   Lol.. Thehustle 10/12/20 04:01:41 PM
#1611   $BEGI IS BOOMING..... Loving it Smokin1000 10/12/20 10:01:50 AM
#1610   These are the guys pumping $BEGI okavango 10/08/20 07:28:21 AM
#1609   was expecting a pullback to enter in today, SukhshantiOm 10/07/20 03:55:18 PM
#1608   Looks like begi is moving nice Smokin1000 10/07/20 12:54:48 PM
#1607   BEGI nice day ! https://twitter.com/tvestor3/status/1313673699049050113?s=21 abazaba375 10/06/20 11:50:03 PM
#1606   This will be huge.... .07 test first then IHoldTheBag 10/06/20 08:45:51 PM
#1605   Looks good abazaba375 10/06/20 11:50:09 AM
#1604   Whyd folks bounce from this? Sharkdog 10/06/20 11:03:00 AM
#1603   Glad to know. Glad I'm out to. Disappointed urge2surge 09/20/20 09:25:06 PM
#1602   Whats going on here Yzarc88 09/20/20 06:32:22 PM
#1601   That would take big balls to dilute into mretgnol 09/20/20 04:10:27 PM
#1600   Need to correct my previous post on a urge2surge 09/20/20 08:22:40 AM
#1599   At the present moment the company has a urge2surge 09/19/20 10:35:22 AM
#1598   I agree and until regulations are in place, Tbone1020 09/17/20 09:25:40 AM
#1597   Your welcome. Crypto plays on the cheap are urge2surge 09/17/20 06:08:40 AM
#1596   Thanks for the info! Tbone1020 09/16/20 05:51:57 AM
#1595   Got out at 3s. 10q clearly reveals insufficient urge2surge 09/16/20 05:44:52 AM
#1594   ...so angry. I got out at .0213 made Tbone1020 09/15/20 01:15:34 PM
#1593   LOL. BEGI GOT NEWS AT NOON. WATCHING. otcmoneydoubler 09/15/20 12:42:06 PM
#1592   GM!!! Was the news regarding the US patent Tbone1020 09/10/20 08:32:32 AM
#1591   What day does Todd Lahr report to prison mretgnol 09/09/20 10:14:38 PM
#1590   hello...is there anyone out there? (music playing).....all by calculatedrisk 09/09/20 06:10:56 PM
#1589   POWER HOUR....LETS GO...I AM TALKING TO MYSELF AND calculatedrisk 09/09/20 02:59:28 PM
#1588   NOTHING GOING ON WITH THIS ONE TODAY....HAVE TO calculatedrisk 09/09/20 12:19:59 PM
#1587   just bought this...let's see how it plays out....100% calculatedrisk 09/09/20 11:32:11 AM
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