SOURCE: Infosmart Group, Inc.

May 05, 2008 08:30 ET

InfoSmart Group, Inc. Closes on $5,000,000 Financing to Fund Blu-Ray Demand in International Markets

HONG KONG--(Marketwire - May 5, 2008) - InfoSmart Group, Inc. ("InfoSmart" or the "Company") (OTCBB: IFSG), a leading recordable digital versatile disc ("DVDR") manufacturer in Hong Kong and Brazil, today announced that on Wednesday, April 30th, 2008 it closed on a $5.0 million commercial secured lending transaction (the "Loan") with two institutional investors. The proceeds of the Loan are marked for the Company's development of Blu-Ray Disc (BD) sales and marketing efforts in their local and international markets.

For more detailed information on the Loan referred to in this release, reference is made to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission and related exhibits thereto.

Parker Seto, CEO of InfoSmart Group, stated: "While our company continues to reap the benefits of traditional DVDR lines in emerging markets like Brazil, we are also preparing for the continued development of media in developed markets such as Asia. The addition of BD production lines to our recent acquisition of our first Anwell unit not only expands our Blu-Ray production capacity, but also adds balance to our product portfolio which now consists of DVDR, Flash Memory and now BD."

About InfoSmart Group, Inc.

InfoSmart operates state-of-the-art DVDR and storage media production facilities in Hong Kong and Brazil and is preparing to manufacture Flash Memory. InfoSmart has production flexibility to upgrade its manufacturing capacity to include production of High-Density (HD) and Blu-Ray discs. In addition, the Company is one of the largest manufacturers of DVDR discs in Brazil and all of South America. Flash memory devices will be the storage media of choice for years to come, whether the Company is able to manufacture Blu-Ray DVD for mature markets or traditional DVDR for developing markets. No other storage media available rivals the combination of high capacity, low cost and exceptional portability of InfoSmart's current product mix.


This press release may contain forward-looking statements, as defined in the Securities Reform Act of 1995 (the "Reform Act"). The safe harbor for forward-looking statements provided to companies by the Reform Act does not apply to InfoSmart Group, Inc. (the "Company"). However, actual events or results may differ from the Company's expectations on a negative or positive basis and are subject to a number of known and unknown risks and uncertainties including, but not limited to, competition with larger companies, development of and demand for a new technology, risks associated with a startup company, risks associated with international transactions, general economic conditions, availability of funds for capital expenditure by customers, availability of timely financing, cash flow, timely delivery by suppliers, ability to produce our DVDRs and their components, ability to maintain quality control, collection-related risks from international transactions, or the Company's ability to manage growth. Other risk factors attributable to the Company's business may affect the actual results achieved by the Company including those that are found in the Company's Annual Report on Form 10-K filed with the SEC on April 1, 2008, and subsequent Quarterly Reports on Form 10-Q and subsequent Current Reports filed on Form 8-K that will be included with or prior to the filing of the Company's next Quarterly or Annual Report.

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