SOURCE: INfe Human Resources

April 19, 2007 09:20 ET

INfe Human Resources Posts Substantial EBITDA Profit and Continued Growth

LAS VEGAS, NV -- (MARKET WIRE) -- April 19, 2007 -- INfe Human Resources, Inc. (OTCBB: IFHR), an innovative corporate financial consulting company acquiring and accelerating the growth of businesses in the $70 billion staffing industry, today reported the company is generating continued growth and strong financial performance. INfe Human Resources received a highly positive valuation of its major acquisitions from third party valuation firm ValueScope, Inc. which has been evaluated and affirmed by independent audit firm Miller, Ellin & Co., LLP. Based on the results, INfe Human Resources has removed the goodwill impairment reported for the quarter ended August 31, 2006, restated its net earnings and posted a positive EBITDA profit for fiscal year 2006. INfe Human Resources believes the positive adjustment will enable the company to meet the earnings criteria for a listing on the American Stock Exchange this year.

INfe Human Resources is generating operating profits, before accounting for interest expenses, from its two lines of business, a highly successful roll-up acquisition campaign in the growing staffing industry and the Daniels Corporate Advisory Company, Inc. merchant bank fund. The company has posted three consecutive quarters of significant revenue growth and graduated from a development stage to a full-fledged operating company classification. INfe Human Resources has acquired four revenue-positive staffing companies with niche market specialties and complementary services. Through its wholly owned Daniels Corporate Advisory Company subsidiary, which offers financial consulting and merchant banking services designed to create rapid growth for client companies, INfe Human Resources has enabled these subsidiaries to improve both top and bottom line performance by increasing revenue, expanding service offerings and reducing costs.

INfe Human Resources engaged ValueScope to prepare an independent valuation of its major acquisitions to assess the goodwill impairment which was reported in its quarter ended August 31, 2006 financial statements. The firm found no goodwill impairment based on the transaction prices of the acquisitions relative to the value of the companies' underlying assets. The firm used the discounted cash flow technique of the income approach methodology to determine the enterprise and goodwill value of the acquired companies. It also used the market approach, reviewing publicly traded guideline companies and applying pricing multiples to determine market values. INfe Human Resources' new CPA and audit firm, Miller Ellin, completed an in-depth review of the valuation and concurred with its findings. The company's certified financial statements for that period now reflect a positive adjustment to earnings before interest, taxes, depreciation and amortization, specifically an EBITDA profit of $210,000.

INfe Human Resources CEO Arthur D. Viola commented: "At INfe Human Resources we are thrilled with the strong financial performance and positive growth that we achieved last year and continue to build on in 2007. The consolidated staffing companies came through what is normally their slower part of the year with an operating profit due to our continued cost-savings and profit-building expertise. The in-house merchant bank fund of our Daniels Corporate Advisory Company, which takes positions in high caliber, high growth OTC Bulletin Board companies, contributed an equal amount to the EBITDA line. We are now on track to demonstrate the positive earnings progression required to meet the pre-listing criteria of the American Stock Exchange."

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

About INfe Human Resources, Inc. (OTCBB: IFHR)

INfe Human Resources, Inc. is an innovative financial consulting company engaged in roll-up acquisitions of staffing businesses in high-margin market niches. To date the company has acquired and provided strategic direction to four staffing companies, resulting in significant revenue increases, expanded service offerings, reductions in back office costs and increased market share in the $70 billion staffing industry. In addition to taking advantage of major growth and opportunity for consolidation in the staffing market, as principals, INfe Human Resources offers capital and corporate financial consulting services to OTC Bulletin Board companies through its wholly owned Daniels Corporate Advisory Company subsidiary. INfe Human Resources' management team leverages a record of individual success in driving the growth of emerging companies to help consulting clients identify advantageous market niches and execute profitable roll-up acquisitions, with the objective of achieving high-level sales and earnings growth and the Wall Street valuation they need for an Amex or NASDAQ listing.

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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. 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.

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