INFE, Inc. Subsidiary Receives Financing Commitment
Infe-Human Resources, Inc. Receives $400,000 Commitment
for PEO Acquisition Strategy

Falls Church, Virginia, - January, 7th, 2002… INFe, Inc., (OTC-BB-INFE), announced today that it has successfully arranged a $400,000 financing commitment for its INFe-Human Resources, Inc. subsidiary from Daniels Corporate Advisory Co., a New York City-based merchant banking firm. The subsidiary will be spun off from INFe, Inc. as soon as possible in compliance with SEC reporting requirements. It is currently estimated that INFe, Inc. shareholders will receive shares of INFe-Human Resources, Inc. at a rate of one share of INFe-Human Resources, Inc. for every five shares of INFe, Inc. held effective upon the completion of the spin-off.

INFe, Inc. has retained Arthur D.Viola, a founding partner of Daniels Corporate Advisory Co., as a corporate advisor and capital partner to INFE-Human Resources, Inc. Viola will be responsible for identifying, financing and ultimately managing a roll-up of staff leasing and services businesses (PEO's) for INFE-Human Resources, Inc. Several profitable PEO companies are already under review and in negotiation by Daniels Corporate Advisory Co.

The objective of this roll-up strategy is to have the spin-off shares of INFe-Human Resources, Inc. listed on the NASDAQ - Small Cap exchange as a result of the roll up. According to Mr. Viola, "We plan to reach that goal by selectively targeting successful PEO companies that have excellent future prospects and that will further benefit by the elimination of duplicative expenses and realization of volume discounts associated with consolidation." Acquisitions will be done with the specific purpose of meeting the necessary financial and earnings requirements for listing on NASDAQ - Small Cap."

hotel a MilanoBased on extensive research and knowledge of the staff leasing industry and belief in the INFe-Human Resources, Inc. corporate growth strategy, Daniels has made a good faith investment in INFe, Inc., and has agreed to provide $400,000 of equity down payment financing upon the spin-off of INFe Human Resources, Inc. to fund the roll-up strategy.

"INFe-Human Resources, Inc., is the perfect platform for the PEO and service company acquisitions because our ITCareerNet.com sister company delivers ideal 'add-on' services for those PEO companies to offer to their clients," said Tom Richfield, CEO of INFE, Inc. Daniels' research points to the value of offering add-on proprietary services which deliver differentiation as a means to dramatically increasing profitability in the staff leasing industry.

INFE-Human Resources, Inc., will have access to ITCareerNet's two key assets, an extensive resume database of available professionals nationwide that can be accessed via the Internet, and a web-based software application that corporations can license to manage their own resume and recruiting practices. Combined, these assets deliver a substantial cost savings to a company in recruiting new talent over other job boards and third party recruiting firms. Further, they will add differentiation to clients utilizing the services of the acquired staff leasing firms, strengthening their profitability.

discount hotels in BrugesABOUT DANIELS CORPORATE ADVISORY
Daniels Corporate Advisory Company is a corporate financial consulting/merchant banking company located at 67 Wall Street, 22nd Floor, New York, N.Y. 10005. The company, which is composed of Mr. Arthur D. Viola and other consultants, advises corporate clients on acceleration of growth through the leveraged acquisition of add-on business.

The Merchant Banking Department of Daniels provides clients with initial funding, once the most appropriate acquisition candidate is identified. Daniels helps negotiate the transaction based on the available financing alternatives and then creates the necessary equity bridge facility from its own private funds, to fund the equity necessary to facilitate the closing of a transaction.
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Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events and future financial performance. These statements are only predictions and may differ materially from actual future results or events. INFE, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions including, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.