SOURCE: INfe Human Resources, Inc.

February 01, 2007 13:15 ET

INfe Human Resources Receives Highly Positive Third Party Valuation of Major Acquisitions

LAS VEGAS, NV -- (MARKET WIRE) -- February 1, 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 receipt of a highly positive valuation of its major acquisitions from third party valuation firm ValueScope, Inc. INfe Human Resources requested the valuation to assess the goodwill impairment reported in its 10 QSB for the quarter ending August 31, 2006. INfe Human Resources has submitted the valuation to its auditors in order to evaluate a positive adjustment of EBITDA. INfe Human Resources believes a positive adjustment would be a significant step in meeting the earnings criteria for a listing on the American Stock Exchange.

INfe Human Resources is extremely pleased with the results of the valuation. ValueScope analyzed the transaction prices of INfe Human Resources' major acquisitions relative to the value of the companies' underlying assets to evaluate goodwill impairment. 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.

ValueScope is a highly respected independent financial valuation firm whose accredited valuation professionals offer expertise within a broad range of financial, transactional and tax matters and are experts in the selection, application and defense of sophisticated valuation methodologies. Founder Martin D. Hanan has been performing financial and goodwill valuations since 1983 and is recognized as an expert in the industry.

ValueScope was recommended by Miller, Ellin & Co. LLP, INfe Human Resources' new CPA and auditing firm, for its ability to provide a fully qualified and unbiased third party analysis of INfe Human Resources' acquisitions. Miller, Ellin works with ValueScope on a regular basis.

INfe Human Resources CEO Arthur D. Viola commented: "The independent valuation of our major acquisitions confirms that INfe Human Resources made shrewd business decisions, acquiring excellent companies at extremely fair prices. We have submitted the valuation to our auditors in order to assess the goodwill impairment issue and revisit EBITDA, our earnings before interest, taxes, depreciation and amortization. We are confident that once the valuation is reviewed relative to our financial performance there will be a significant, positive adjustment to EBITDA, which would enable us to show the positive earnings progression required to meet the pre-listing criteria of the American Stock Exchange."

INfe Human Resources' roll-up acquisition campaign in the growing staffing industry has proven extremely successful. The company has generated three consecutive quarters of dramatic revenue growth and graduated from a development stage to a full-fledged operating company classification. The company 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 reduce costs, increase market share and expand service offerings.

Info: Contact Rich Kaiser, Investor Relations, #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 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 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's 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.

Safe Harbor

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.

Contact Information

  • Contact:
    Rich Kaiser
    Investor Relations