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INNX Infinite Networks Corporation (CE)

0.0001
0.00 (0.00%)
20 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Infinite Networks Corporation (CE) USOTC:INNX OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 00:00:00

Infinite Networks Corporation Announces the Purchase of Eller Industries, Inc.

11/07/2006 3:15pm

Business Wire


Infinite Networks (CE) (USOTC:INNX)
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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.

1 Year Infinite Networks (CE) Chart

1 Year Infinite Networks (CE) Chart

1 Month Infinite Networks (CE) Chart

1 Month Infinite Networks (CE) Chart