PERTH AMBOY, N.J., April 6, 2006 (PRIMEZONE) -- U.S. Starcom, Inc, (Pink Sheets:USTA) announced today that it has signed on a highly anticipated acquisition of Infinite Technology Group, Inc. of Bethpaige, New York. Established in 1991, Infinite Tech is a broad-based supplier of information technologies and other technical services to a variety of Fortune 100 companies. Clients include JP Morgan Chase, Citicorp, Time and Hewlett-Packard. The company has partnership agreements with Sun Microsystems and Apple Computer.
"The combination of Infinite Technology Group and U.S. Starcom promises to provide our customers with access to technological platforms that didn't even exist a few years ago," said John DiDomenico, President of U.S. Starcom. "This acquisition will extend our focus on money, music and minutes to large corporate customers, like banks, casinos, sport franchises and betting outlets, resorts, retail chains and other point-of-sale locations," said Mr. DiDomenico. "We are optimistic that this acquisition, while also providing needed management depth, will also generate several million in annual revenues, starting as soon as the second quarter this year. The company will operate as a separate profit center under the name U.S. Starcom Technologies," said Mr. DiDomenico.
"We are also planning on announcing the closing of two more important acquisitions these coming weeks," said Mr. DiDomenico. "We also expect to announce a definitive contract with a major record label that will package our cards with their music, as well as a definitive agreement with a prominent religious organization, previously announced, that will use our cards for a variety of information delivery and fund raising purposes."
About Infinite Technology Group, Inc.
Infinite Technology Group, Inc. 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. Our technical engineers helped rebuild bank clearance systems after 9/11, allowing the markets to reopen 9/15.
About U.S. Starcom
A leading provider of value added prepaid services, marketing and banking solutions that enhance communications, entertainment and a wide-range of customers' needs. With a sales distribution network extending to thousands of urban locations and predominant Latino Communities, U.S. 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, money transfer and internet service enhancements. U.S. Starcom's wider goal is to use its distribution network in urban neighborhoods to market other unique products and services, through strategic alliances and joint distribution campaigns, in effect becoming a massively specialized distribution enterprise. The company is poised for significant growth.
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