SOURCE: INfe Human Resources

October 24, 2005 10:45 ET

INfe Human Resources, Inc. Announces a Formal Letter of Intent on an Initial Acquisition in a Planned Staffing Industry Roll-Up

LAS VEGAS, NV -- (MARKET WIRE) -- October 24, 2005 -- Daniels Corporate Advisory Company, Inc. dba INfe Human Resources, Inc. (OTC BB: IFHR) announces the signing of a formal Letter of Intent with Monarch Human Resources, Inc., a New Jersey-based Staffing Company. Sales Revenues of $3.5 Million and an EBITDA profit of $447,000 are expected for the 2005 calendar year.

Arthur D Viola, Chairman & CEO, said, "This planned acquisition -- by a newly formed subsidiary of INfe Human Resources, Inc. -- is the first of several planned acquisitions in various niches of the staffing business. This "roll-up" of staffing companies into a newly formed subsidiary of "IFHR" would give justification to the two growth strategies expounded within the "IFHR" Business Plan. First, we have specifically tailored our Business Consulting to provide advisory on and implementation of leveraged acquisitions to acquire the critical mass and net earnings for client OTC: BB companies to meet the financial requirements for their elevation to NASDAQ.

Second, through our Merchant Bank, we are prepared to become equity partners in the transaction of a client, through the placement of our own stock to raise funding from third party sources. This will leave our client OTC: BB company with less equity dilution in their own stock. And with fewer shares outstanding, the client will have a greater chance to meet the NASDAQ price requirement of $4 per share. At the same time, it gives Daniels ("IFHR") the opportunity to joint-venture with this most promising client companies in their expansion into much larger concerns -- through Daniels' managed leveraged acquisition(s).

Expansion of Daniels ("IFHR") Merchant Bank Activities:

Through the successful completion of this planned "roll-up" in the staffing industry, Daniels ("IFHR") will be acting as principal, and acquiring 100% of each company for its own account. Daniels ("IFHR") will now be able to fulfill the efficacy of its mandate -- to create similar transactions for additional, newly formed subsidiaries, as it continues to expand its Merchant Bank activities and will also be able to fulfill and prove the efficacy of its mandate in the Consulting Segment of its business plan as well -- i.e. to consult, implement and help finance leveraged acquisitions for potential client OTC: BB companies to achieve NASDAQ listing.

For further information about this release contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, 800-631-8127.

Statements contained herein, and other data, may constitute forward-looking statements. When used in this document, the words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements regarding events and financial trends, which may affect the Company's future operating results and financial position. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the Company's actual results and financial position to differ materially from those included within the forward-looking statements. The Private Securities Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in written statements to be made) contain statements that are forward-looking, such as those relating to consummation of the transaction, anticipated future revenue of the Company's and success of current public offerings. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ materially from those expressed in any forward-looking statement.

Contact Information

  • Contact:
    Rich Kaiser
    Investor Relations