SOURCE: INfe Human Resources, Inc.

October 23, 2007 11:30 ET

INfe Human Resources, Inc. (IFHR) Announces 46.5% Gain in Nine Month Year to Year Sales; Gross Margins Increased 55.5%

LAS VEGAS, NV--(Marketwire - October 23, 2007) - Mr. Arthur D. Viola, Chairman & CEO, said today that "INfe Human Resources (OTCBB: IFHR) has met its top line sales and gross profit growth projections with Nine Month (to August 31, 2007) Sales of $6.3 Million and a gross profit of $1.173 Million. This is up substantially from the same period last year, when Sales were $4.3 Million and Gross Profit was $755,000."

Mr. Viola continued, "Our top line results are equally impressive for the last quarter. Sales for the September 30, 2007 quarter were $6.3 Million, up 56% from the $4.04 Million six month numbers. Gross margins were also up significantly.

"Our growth is being managed, with the spending of resources in those niche markets that produce the greatest profit potential."

The Company has concentrated on building critical mass (the Top Line) and will now concentrate its efforts on the fine tuning of the subsidiaries to bring profits to the bottom line.

"This move to bottom line profitability could be expedited by the addition to our capital base of a $4 Million financing from a major financial institution. The Company has received a Letter of Interest on what is 'non-dilutive' financing. Approximately $2 Million of the $4 Million financing package can be used for down payment amounts on subsequent acquisitions.

"We continue to negotiate with existing acquisitions and current financing institutions to see if we can accelerate the growth of the Company from external sources -- through acquisition -- as well as through our internal (generic) growth."

For further information about this release contact Rich Kaiser, Investor relations, YES INTERNATIONAL, 800-631-8127, www.ifhrinfo.com.

Safe Harbor:

This release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ from those in the forward-looking statements contained herein.

Contact Information

  • Contact:
    Rich Kaiser
    Investor Relations
    YES INTERNATIONAL
    800-631-8127
    www.ifhrinfo.com