LAGUNA NIGUEL, Calif., May 22, 2008 (PRIME NEWSWIRE) -- INFINITE Software Corporation (Pink Sheets:IFSC), a leader in Legacy Extension, Business Intelligence and loan production software for banks, credit unions and consumer lending institutions and developer of the award-winning INFINITE product lines, announced today that it has won a significant contract with the Federal Deposit Insurance Corporation.
"The contract with FDIC provides software, support and services designed to make their business processes more effective," said, Carol Conway, President, INFINITE Software. INFINITE Software provides many financial institutions, government agencies and various commercial enterprises with software, services and infrastructure products across the globe.
About INFINITE Software Corporation
INFINITE Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names INFINITE and LPS. INFINITE Software enjoys over 100,000 installations in 56 countries.
About Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $100,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as California Software or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.