Infinite Networks (CE) (USOTC:INNX)
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From Jan 2020 to Jan 2025
Infinite Networks Corporation (Pink Sheets: INNX) announced today that
the company has completed financial audits through the period ending
December 31, 2005 and subsequent events through the period ending
November 30, 2006.
The announcement was made by John W. Bush, President/CEO of Infinite
Networks Corporation. In an interview Mr. Bush stated, “Infinite
is now in position to move forward in filing with the SEC. Once the
company files the necessary registration statements with the SEC,
Infinite hopes to move to the OTC, and soon thereafter to either the
NASD or another exchange.”
Infinite hopes to initiate the appropriate filing with the SEC in the
immediate future. The acquisition of CET, LLC was the most significant
transaction in 2006, and was recognized under the fair market evaluation
rules as a subsequent event of the audit. Infinite’s
balance sheet for 2006 will recognize the CET, LLC acquisition at a fair
market value of $73,130,000. The company had accumulated a deficit of
$11,918,655 as of the audited statement of December 31, 2005 as compared
to $10,455,631 at the ending of 2004.
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.