Infotec Business Systems, Inc. - New Trading Symbol 'IFTC'
VANCOUVER, Oct. 17 /PRNewswire-FirstCall/ - Carol Shaw, President, CEO of Infotec Business Systems, Inc. (OTCBB: IFTC) reports that effective with trading on Tuesday October 18, 2005, the shares of the company will trade on the Bulletin Board under the new symbol 'IFTC' and will reflect the 2.5 to 1 forward split of the company's shares. The company also reports that it has established a second point of presence site in 'The Quinby building' in Los Angeles, California. The company's equipment and Internet systems will undergo final testing and are expected to be online, supporting the Galaxy Network, within two weeks.
The Infotec Group of companies provides Internet and related media services and delivers 3rd generation on demand streaming media content via its proprietary Galaxy Broadcast Network. The Infotec Group is a full service provider for capture, hosting and distribution of digital IP content for businesses and viewers throughout the world. Infotec is building its infrastructure and its web portal to support the growth in web TV/Internet TV and in the distribution of digital content and information, anywhere, anytime via its proprietary ebahn Television Networks Corp.
Infotec Business Systems, Inc, is a publically traded company listed in the U.S.A. on the OTCBB under the symbol IFTC, and in Europe, on the Frankfurt Stock Exchange.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as 'anticipates', 'believes', 'estimates', 'expects', 'plans', 'intends', 'potential', and similar expressions. These statements reflect the company's current beliefs and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors including such risks as market acceptance of our products and technical risks of introduction, lack of adequate capital and intense competition which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information covered in this press release including such forward-looking statements.
Contact: Arthur Griffiths, CEO
Telephone: (604) 484-4966
