Infinite Networks Corporation Announces the Purchase of Eller Industries, Inc.
July 11 2006 - 9:15AM
Business Wire
Infinite Networks Corporation (Pink Sheets: INNX) announced today
that the Company completed an investment in Eller Industries, Inc.
(Pink Sheets: ELRI) to support the divesture plan as approved by
the Board of Directors in February 2006. Infinite acquired a
significant interest in Eller Industries, Inc., while continuing to
focus on the CET engine technology, and simultaneously moving the
communications division into a stand alone entity. In an interview
with the President of Infinite, Mr. Bush, stated, "Eller
Industries, Inc., provides a public vehicle for Infinite to divest
itself in the communications industry and focus primarily on the
engine technology acquired from CET, as directed by the Board.
Infinite can now move its communications division and business plan
into Eller Industries, Inc., while continuing to expand its plans
for CET. Infinite shareholders will reap the benefits of the past
and future investments made in the communication industry. Over the
next few months Infinite expects to complete this transition and
issue shares of Eller Industries to Infinite shareholders as part
of the strategic plan. Eller will provide a new management team
separate from Infinite to expand on the original plans in the
communications industry, prior to the acquisition of CET." Infinite
Networks Corporation markets High Efficient Advance Technology
"H.E.A.T." through CET, LLC for the global Automotive and
Marine/Boating industries. This release contains forward-looking
statements that are made pursuant to the safe harbor provisions of
the Securities Litigation Reform Act of 1995. Some of the
statements contained in this press release include forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended (the "Securities Act"), and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
that involve substantial risks and uncertainties. Some of the
forward-looking statements can be identified by the use of words
such as "anticipate," "believe," "estimate," "may," "intend,"
"expect," "will," "should," "seeks" or other similar expressions.
Forward-looking statements are based largely on management's
expectations and involve inherent risks and uncertainties. These
risks include, but are not limited to, the demand for
implementation of Infinite Networks Corporation services and the
ability of the company to successfully implement its strategies,
each of which may be impacted, among other things, by economic
and/or competitive conditions. You should not place undue reliance
on any forward-looking statement, which speaks only as of the date
made. Many of these factors are beyond our control. The Company
cautions that the foregoing factors are not exclusive.
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