SOURCE: INfe Human Resources, Inc.

 

NEW YORK, NY--(Marketwire - July 23, 2008) - Mr. Arthur D. Viola, Chairman & CEO, said today that "INfe Human Resources (OTCBB: IFHR) has achieved a major step in its Corporate Growth Program; instituted by subsidiary, Daniels Corporate Advisory Company, Inc.

"The Staffing Operations of the Company have made significant progress in the second quarter, fiscal 2008, when compared to first quarter. A turnaround, managed by the Company's subsidiary-Daniels Corporate Advisory Company, Inc. has occurred by means of significant cost cutting; diversification through new higher margin business and bring pricing to market value with existing clients to recoup operating cost increases. This phase of growth process was financed primarily through working capital freed through the expulsion of lower margin business."

Mr. Viola continued, "The income from staffing operations before depreciation and amortization ('EBITDA') for the three months ended May 31, 2008 was $84,153 as compared to a loss of $111,694 in the first quarter of fiscal 2008. This represents an earnings improvement of $195,847 from quarter to quarter; and sets the stage for what management believes to be an improvement in valuation of the Consolidated Staffing Companies, as Growth in EBITDA is the main tenant for their valuation.

"We are pleased with the result our subsidiary Daniels Corporate Advisory Company, Inc. Their creation of a successful roll up acquisition campaign and their monitoring and adjustment of operating results is a success and is expected to continue. We are in a growing staffing industry which includes market leaders Manpower, Inc., PeopleSupport, Inc. and Barrett Business, Inc.

"Daniels developed and implemented the Staffing Company Rollup as a 'pilot project' in order to advance and publicize in-house consulting and senior management expertise. In general, Corporate Consulting Assignments have as a primary aim for a client company to advance from the OTC:BB to the American Stock Exchange through a leveraged acquisition/rollup strategy. Daniels continues to work towards this end; initially through the building of its Parent Company."

"It is the Company's plan that the future profits from Corporate Consulting Assignments will be invested in the In-house Fund of the Merchant Bank Division for investment in client companies needing equity for down payment amounts in leveraged transaction(s) to meet exchange listing requirements and in the expansion of the wholly owned Consolidated Staffing Companies through direct acquisition of additional, diversified companies in specific growth niches and through the development of 'add on' services that can be marketed down the same client/employee pipeline.

"It is our intention to spin off shares of Daniels Corporate Advisory Company, Inc. to our existing stockholder base. We are in the planning stages of this process right now."

For further information about this release contact Rich Kaiser, Investor relations, YES INTERNATIONAL, 800-631-8127, www.ifhrinfo.com.

This release may include forward-looking statements within the meaning of section 27A of United States Securities Act of 1933, as amended, and section 21E the United States Securities and Exchange Act of 1934, as amended. Statements made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Risks and uncertainties could cause actual results to differ.