SOURCE: Infinity Acquisition Corporation, Inc.

June 12, 2006 10:09 ET

Management of Infinity Acquisition Corp. Reduces Its Issued and Outstanding Shares by 180,000,000 Shares

Insiders Convert Stock to Coincide With Management's Long-Term Growth and Profitability Plan

BOCA RATON, FL -- (MARKET WIRE) -- June 12, 2006 -- Manny Shulman, President of Infinity Acquisition Corp., Inc. (PINKSHEETS: IFQJ) announced today that he and other key shareholders will be converting their common stock in the company to preferred shares. The company hopes this conversion will calm the equity markets by displaying a long-term commitment and investment by the management team. The long-term planning, growth, execution and increase in shareholder value of the company now runs parallel with the stock position in the marketplace. "This move solidifies my personal commitment and the commitment of several other large shareholders to the long-term growth and future of Infinity. This move creates accountability and ensures the stability and dedication of the management team," stated Shulman.

Currently, Infinity Acquisition Corporation has 304,762,186 shares issued and outstanding. Shulman and his group will be converting 165,693,600 shares from common stock to preferred stock and canceling an additional 15,484,000 common shares. This will leave 123,584,586 shares issued and outstanding.


Forward-Looking Statements

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.

Contact Information