INNX Infinite Networks Corporation (CE)

Infinite Networks Corporation (Pink Sheets: INNX) announced today that the company has completed financial audits through the period ending December 31, 2005 and subsequent events through the period ending November 30, 2006. The announcement was made by John W. Bush, President/CEO of Infinite Networks Corporation. In an interview Mr. Bush stated, �Infinite is now in position to move forward in filing with the SEC. Once the company files the necessary registration statements with the SEC, Infinite hopes to move to the OTC, and soon thereafter to either the NASD or another exchange.� Infinite hopes to initiate the appropriate filing with the SEC in the immediate future. The acquisition of CET, LLC was the most significant transaction in 2006, and was recognized under the fair market evaluation rules as a subsequent event of the audit. Infinite�s balance sheet for 2006 will recognize the CET, LLC acquisition at a fair market value of $73,130,000. The company had accumulated a deficit of $11,918,655 as of the audited statement of December 31, 2005 as compared to $10,455,631 at the ending of 2004. This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Some of the statements contained in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Some of the forward-looking statements can be identified by the use of words such as "anticipate," "believe," "estimate," "may," "intend," "expect," "will," "should," "seeks" or other similar expressions. Forward-looking statements are based largely on management's expectations and involve inherent risks and uncertainties. These risks include, but are not limited to, the demand for implementation of Infinite Networks Corporation services and the ability of the company to successfully implement its strategies, each of which may be impacted, among other things, by economic and/or competitive conditions. You should not place undue reliance on any forward-looking statement, which speaks only as of the date made. Many of these factors are beyond our control. The Company cautions that the foregoing factors are not exclusive.