Infinite Networks (CE) (USOTC:INNX)
Historical Stock Chart
From Jan 2020 to Jan 2025
Infinite Networks Corporation (Pink Sheets: INNX)
CET, LLC, a wholly owned subsidiary, announced today that the first
engine test was very successful.
The announcement was made by John W. Bush, President of Infinite
Networks Corporation. In an interview Don Miller, Chairman of Infinite
stated, "When the race started the Fountain Boat using the CET
Technology was immediately a half a mile ahead, it was like the rest
of them forgot to start. Everyone watching was in complete amazement
by the display of power using the CET technology. The technology is
proven; the power was overwhelming and having mechanical problems is
just part of racing."
The enclosed article released by The Washington Daily News article
on August 8, 2006 written by Lawrence Keech, Staff Writer tells the
story.
-0-
*T
Tuesday, August 8, 2006 Local News
Faulty oil canister crushes Roses' run
By Lawrence Keech, Staff Writer
It wasn't quite what Team Fountain wanted, far from it actually, but
Fountain Powerboats President David Knight still had excitement in his
voice, despite a breaking on the first lap and finishing second in the
touted Super-Vee Unlimited class, during Sunday's fifth annual
Fountain Powerboats Grand Prix.
Knight's boat featured new adiabatic engines, which nearly doubled all
output levels, and, at the start of the race, proved his claims of how
fast it would go. The Rio Roses shot out to more than a half-mile lead
over all the other boats, but a small problem, external of the engine,
caused early retirement.
"I thought the weekend was successful because of what we learned,"
Knight said. "The first lap we were going away from everybody and had
a half-mile lead, and I wasn't even running it hard. I was cruising
for the first few laps and wasn't planning to throw the hammer down
until about lap 10 to show what this boat was truly capable of."
As it turned out, however, Knight said an oil canister came off the
engine on the back stretch of the first lap and drained all the
lubrication causing them to pull up and ended their chances.
"We are using new technology with these engines and it's going to take
some time to fine tune it," Knight said. "With any thing there is a
weak link and it's matter of taking the time to find it. We've found
it, and we know what to fix for next time.
And, despite limping back to the start/finish line to complete the
first lap, the boat averaged 101 mile per hour -- five mph faster than
any other on the day.
"One that first lap, we were running between 160 and 170 and I was
taking it easy," Knight said. "We can take the world record at any
moment we wish now. We are extremely happy, and the first lap proved
what we can do now."
Not to be overshadowed by Knight's speed, was Cintron, which was the
only Super-Vee Unlimited boat to finish the race, with an average
speed of 79.84 miles per hour. BTM Marine ran unchallenged in
Superboat, as did Platinum, Relentless, and Crazy Chicken in their
races.
Lucas Oil claimed the Super Vee title with Learning to Race winning
Super Cat. Catattack narrowed out Miccosukee Indian Gaming in the
Superboat Stock race.
Team Extreme won Factory 1; Plantation won Production 3 and D&M won
Production 4.
*T
Infinite 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.