Inforum Communications, Inc. Files Form 15 to Deregister Common Stock

Apr 04, 2001, 01:00 ET from Inforum Communications, Inc.

    DENVER, April 4 /PRNewswire/ -- Inforum Communications, Inc.
 (OTC Bulletin Board:   IFMC) today announced that its Board of Directors has
 approved and the Company has filed a Form 15 with the Securities and Exchange
 Commission to deregister its common stock under the Securities Exchange Act of
 1934.  The Form 15 filing immediately suspends the Company's obligation to
 file periodic reports and the deregistration is expected to be effective
 within 90 days.
     "The Board considered the low trading volume of the Company's stock, the
 limited number of holders of record (less than 300), the Company's current
 financial condition and the substantial costs involved with having registered
 securities," commented Jeffery Mathias, CEO and President.  "In addition to
 the significant cost savings from deregistration, it will also free our
 managers from SEC-related administrative burdens and allow us to focus our
 attention on the previously announced asset sales."
 
     ABOUT INFORUM COMMUNICATIONS, INC.
     Headquartered in Denver, Colorado, Inforum owns and operates a network of
 Internet and related service providers in the western U.S.
 
     "Safe Harbor" Statement Under the Private Securities Litigation Reform Act
 of 1995
     Certain statements contained in this release which are not historical
 facts are forward-looking statements that are subject to risks and
 uncertainties that could cause actual results to differ materially from those
 set forth in the forward-looking statements.  These risks include, among other
 things, risks inherent in the Company's strategy, market demand for the
 Company's services and other factors affecting the Company's prospects as
 described in the Company's prospectus in its Form SB-2 registration statement
 and its periodic reports filed with the Securities and Exchange Commission.
 By making these forward-looking statements, the Company undertakes no
 obligation to update these statements for revisions or changes after the date
 of this release.
 
 

SOURCE Inforum Communications, Inc.
    DENVER, April 4 /PRNewswire/ -- Inforum Communications, Inc.
 (OTC Bulletin Board:   IFMC) today announced that its Board of Directors has
 approved and the Company has filed a Form 15 with the Securities and Exchange
 Commission to deregister its common stock under the Securities Exchange Act of
 1934.  The Form 15 filing immediately suspends the Company's obligation to
 file periodic reports and the deregistration is expected to be effective
 within 90 days.
     "The Board considered the low trading volume of the Company's stock, the
 limited number of holders of record (less than 300), the Company's current
 financial condition and the substantial costs involved with having registered
 securities," commented Jeffery Mathias, CEO and President.  "In addition to
 the significant cost savings from deregistration, it will also free our
 managers from SEC-related administrative burdens and allow us to focus our
 attention on the previously announced asset sales."
 
     ABOUT INFORUM COMMUNICATIONS, INC.
     Headquartered in Denver, Colorado, Inforum owns and operates a network of
 Internet and related service providers in the western U.S.
 
     "Safe Harbor" Statement Under the Private Securities Litigation Reform Act
 of 1995
     Certain statements contained in this release which are not historical
 facts are forward-looking statements that are subject to risks and
 uncertainties that could cause actual results to differ materially from those
 set forth in the forward-looking statements.  These risks include, among other
 things, risks inherent in the Company's strategy, market demand for the
 Company's services and other factors affecting the Company's prospects as
 described in the Company's prospectus in its Form SB-2 registration statement
 and its periodic reports filed with the Securities and Exchange Commission.
 By making these forward-looking statements, the Company undertakes no
 obligation to update these statements for revisions or changes after the date
 of this release.
 
 SOURCE  Inforum Communications, Inc.