US Starcom Announces Letter Of Intent To Acquire Infinite Technology Group

From: C.P. Barry
Published: Tue Nov 08 2005

Lake Harmony, PA – reports that US Starcom (Pink Sheets: USTA), a leading provider of valued added prepaid services and solutions to the urban market, has teamed with Zamia Group, LLC, a mobile digital entertainment provider specializing in niche markets, to distribute Latino ringtones and other mobile digital entertainment through its extensive urban distribution network in the US and Mexico.

TheNewsWire Gainers are Matrix Bancorp Inc. (Nasdaq: MTXC), OraLabs Holding Corp. (Nasdaq: OLAB), Radcom Ltd. (Nasdaq: RDCM), GEAC COMPUTER LTD (Nasdaq: GEAC), WJ Communications Inc. (Nasdaq: WJCI), Homestore Inc. (Nasdaq: HOMS), NitroMed Inc. (Nasdaq: NTMD) and PRANA BIO LTD ADS S1 (Nasdaq: PRAN)
TheNewsWire Decliners are Hudson Technologies Inc. (Nasdaq: HDSN), Misonix Inc. (Nasdaq: MSON), 724 Solutions Inc. (Nasdaq: SVNX), Inc. (Nasdaq: NTES), Empire Resorts Inc. (Nasdaq: NYNY), Beacon Power Corp. (Nasdaq: BCON), Wireless Facilities Inc. (Nasdaq: WFII) and Jacada Ltd. (Nasdaq: JCDA)

For more information, go to U.S. Starcom, Inc, (Pink Sheets: USTA) a leading provider of valued added prepaid services and solutions to the urban market, announced today that it signed a Letter of Intent to acquire Infinite Technology Group, Inc. (ITGI), of Bethpaige, New York. ITGI, established in 1991, is a broad based supplier of information technology and other technical services to a variety of Fortune 1000 companies. Their clients include companies such as JP Morgan Chase, Citicorp, Time, Inc, and Hewlett-Packard. They have partnership agreements with Sun Microsystems and Apple Computer.

"ITGI is going to be a very important addition to US Starcom," said John DiDomenico, President of US Starcom. "ITGI brings much-needed technological depth into our organization. Their integration experience brings additional "tip of the sword" dimensions to TeamStarcom, most notably in financial stored value and eCommerce applications. As the pre-paid international and wireless businesses converge with point-of-sale, ATM, and other platforms, Starcom is positioning itself to reap the benefits. With ITGI CEO Jim Mcgowan and CFO Barry Hintze added to our management team, we envision our customers enjoying incredible value in using our cards and pre-paid cell phones to access money, music and minutes. While we build the products, Jim and Barry bring the capability to integrate entire new systems, within casinos, store networks, and other "point-of-sale" locations. We see huge growth ahead," said Mr DiDomenico.

Jim McGowan, President and CEO of ITGI, said "We are thrilled to be part of US Starcom, and part of a public company. With the joint marketing opportunities this merger provides, and with the several million in ITGI retail sales of products and services, we have the potential to add substantially to the revenues of the combined companies."

About Infinite Technology Group, Inc

ITGI, a privately held company headquartered in Bethpaige, New York, is a full service provider of information technology services, including computer back-up, HIPAA, SOX and NASD compliance, as well as internal corporate governance solutions. Our partners include Sun Microsystems, Apple Computer, and other Fortune 100 technology providers. ITGI technical engineers helped rebuild bank clearance systems after 9/11, allowing the markets to reopen 9/15.

About US Starcom

A leader in providing value added prepaid services and solutions to enhance communications and entertainment. With a sales distribution network extending to thousands of urban locations, and with no long term debt, US Starcom will continue its rapid expansion into the distribution of alternative communication products and services, including international long distance, prepaid phone cards, wireless dial around applications, stored value services and internet service enhancements. US Starcom is committed to providing affordable access to the latest entertainment offerings from the recording industry through strategic alliances and joint distribution campaigns.
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Source: US Starcom, Inc.-
Jack Lennon - 508-362-4420
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C.P. Barry
Phone: 1.888.CPBarry – 1.888.272.2779
Source: CybeRelease
Company: C.P. Barry

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