SOURCE: InfoSpi, Inc.

February 16, 2011 16:00 ET

InfoSpi, Inc. Completes Filing of Audited Financial Statements Through September 30, 2010

MIAMI, FL--(Marketwire - February 16, 2011) - InfoSpi, Inc. (PINKSHEETS: ISPI), (the "Company"), announced today that it has completed the filing of its audited, restated financial statements for the years 2009 and 2010, and had filed its audited financial statements for the quarter ending September 30, 2010. It has also filed an amended Annual Report on Form 10-K for fiscal year ended December 31, 2009.

"As we promised, we have completed all required filings by the Securities and Exchange Commission for the periods that previously were in question or on which we were behind," said InfoSpi President and CEO, Dror Svorai. "Important, with the completion of these filings, we are now able to promptly return to the OTCQB marketplace."

He added, "We have delivered on our promise to our shareholders to again become fully compliant with all of the Company's reporting and disclosure requirements as required by the Securities and Exchange Commission. In doing so, we hopefully have reassured our shareholders that we are providing adequate transparency. In addition, our accounting team has been working on our 2010 year-end report, since we intend from this point forward to remain fully compliant on all reporting requirements."

About InfoSpi, Inc.
InfoSpi, Inc. was founded to develop innovative, practical and cost-effective solutions to some of the most significant environmental challenges facing industries and governments around the world. Additionally, these solutions must show promise of generating profits for the company. Specifically the company has determined that one industry that meets both of the above mentioned prongs of criteria is the Energy Saving Lighting Industry.

Additional information about InfoSpi is available at:

Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may" or words or expressions of similar meaning. 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. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

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