News Articles

	INFe.com Forms Subsidiary For Undisclosed Future Merger By Michael Bruno, Special to Newsbytes TYSONS CORNER, VIRGINIA, U.S.A., 11 Jan 2000, 3:25 PM CST Internet infrastructure company INFe.com said it has formed a wholly owned subsidiary called IT*CareerNet.com Inc. in preparation for a planned IT*CareerNET merger into what INFE.com officials called "a fully reporting company." Douglas Larkin of INFe.com said details of the definitive agreement to merge with "a public company" would be announced over the next 90 days, but he declined to elaborate further on the firm's plans in an interview with Newsbytes. He said also that details about a "major" contract award would be released in about 10 days. The new subsidiary, formed in Nevada, was capitalized at 100-million shares of common stock and 20-million shares of preferred stock, an INFe.com press release said. INFe.com will retain 70 percent ownership in the new subsidiary following its initial public offering. IT*CareerNET.com is planning to use the new public subsidiary to raise money for its expansion. INFe.com was established in October 1999, offering funding, technology consulting and human resources services. The INFe.com site offers a medium for prescreened, pre-tested job candidates and client corporations to find each other. Reported by Newsbytes.com, http://www.newsbytes.com .
	INFe.com says shareholders re-up for $600,000 By Ray Bolger, dbusiness.com McLEAN, Va., Nov. 24 - INFe.com, a company attempting to build an Internet finance, technology and human resources organization through acquisitions, says it has received an additional $600,000 investment from existing shareholders. (Click here for Full Story)
Washington Business Journal - Print Edition -  November 19-25, 1999	INFe.com teams with Intelligent Systems, DataMEG INFe.com in Vienna signed a consulting agreement with Gaithersburg-based Intelligent Systems to provide strategic financial advice.  INFe.com will receive consulting fees, equity and warrants in Intelligent Systems in payment INFe.com also signed a consulting contract with D.C.-based DataMEG, developer of a proprietary technology that allows the processing of data over regular telephone lines at greatly enhanced speeds. The agreement will give INFe.com a 3 percent equity stake in DataMEG in addition to stock options.  INFe.com will provide staffing as well as market position consultation in addition to seeking out venture capital for DataMEG.
Washington Business Journal - Online Edition	INFe.com plans IPO for IT*CareerNET INFe.com (OTC BB: INFE), an e-commerce and Internet consulting company, announced it will spin off its IT*CareerNET division and raise $25 million through an initial public offering that would make IT*CareerNET a separate public company. (Click here for Full Story)
	INFe.com to spin off IT*CareerNET By Ray Bolger, dbusiness.com McLEAN, Va., Nov. 4 (dbusiness.com) - INFe.com, a human resources outsourcing firm, will spin off its relatively new online employee recruitment service, IT*CareerNET, through a planned $25 million initial public offering, the company said. (Click here for Full Story)