New Issue: Infotec Business Systems wraps $1.22 million private placement of stock

By Sheri Kasprzak

New York, Oct. 24 - Infotec Business Systems, Inc. said it has completed a private placement for $1,224,000.

The company sold 6.8 million shares at $0.18 apiece to two accredited investors.

Based in Vancouver, B.C., Infotec is a technology company focused on securing data transmissions over the internet.

Issuer:	Infotec Business Systems, Inc.
Issue:	Stock
Amount:	$1,224,000
Shares:	6.8 million
Price:	$0.18
Warrants:	No
Settlement date:	Oct. 18
Stock price:	$0.37 at close Oct. 18

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