InfoSpi Signs Letter of Intent with Tire to Oil Operator

FT. LAUDERDALE, Fla., Feb. 17 /PRNewswire-FirstCall/ -- InfoSpi Inc.  (OTC Bulletin Board: ISPI) has signed a letter of intent with Herbert W. Biggs, PA of Florida who shall acquire the exclusive rights to set up and operate the Tire to Oil facilities in Palm Beach County and in Collier County of Florida.

Herbert Biggs, who is also involved in other partnerships such as Superior Green Homes from Ft. Pierce, Florida, which utilize many green products in their affordable green homes, said, "Our group is most impressed by the potential in the recovery of the commodities from tires which are steel, black carbon and oil."

This facility shall recover up to 30 tons of tires per day from used tires in each of the counties.

"We are planning to open facilities that will recover up to 30 tons of commodities a day from used tires  in each county in order to eliminate the need to dispose of the used tires in landfills," said Chris Hamilton, CEO.

The agreement provides for the payment for a license to use InfoSpi's technology in cash and as well as a royalty of 10%.  InfoSpi also retains the carbon credits that are generated from the conversion of the used tires.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of InfoSpi Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

www.infospiinc.com

SOURCE InfoSpi Inc.