TUCSON, Ariz., July 17 /PRNewswire/ --

InfoCast Corporation, (OTC Bulletin Board: IFCC) a provider of leading-edge call center and e-learning solutions, announced today that it has initially received from Kingsport Capital, financing in the amount of $1.3million. Through their relationship

with VIGIC Services LLC, Kingsport Capital has also committed to working with InfoCast to raise additional funds for investment in the business strategies of InfoCast's e-Learning and Contact divisions. The partnership with Kingsport Capital strengthens the Chicago presence of InfoCast.

VIGIC, a wholly owned subsidiary of Golder Rauner LLC, plays a significant role in the business strategy of InfoCast, most recently through the development of a new financing focus for the company.

"When evaluating potential sources of equity capital, we contacted Kingsport based on their known ability to bring strategic partners to the company," expressed James E. Malackowski, Principal VIGIC Services, LLC, a GTCR Golder Rauner company. "Kingsport clearly understands the intellectual capital captured by Bill Lowe and his team."

William C. Lowe, CEO of InfoCast said, "The funding received through Kingsport Capital will not only help sustain InfoCast, but will allow us to begin our assessment of strategic acquisitions that will assist with the growth of our business, both in revenue and technology."

The funding received from Kingsport Capital follows a $7Million investment raised in the first half of 2001, which included a significant investment by C&M Capital of Helsinki, Finland.

About VIGIC Services, LLC, a GTCR Golder Rauner Company

VIGIC Services, LLC, a GTCR Golder Rauner, LLC company is focused on venture investments with an intellectual capital based competitive advantage. VIGIC was formed to source and manage private equity investments in partnership with GTCR as well as to assist exceptional executive teams that seek capital outside of GTCR's large-scale consolidation strategy. Proactive development of investment opportunities with minority executives is central to VIGIC's mission.

GTCR is one of the most successful private equity firms in the country. Founded in 1980, GTCR pioneered the strategy of identifying and partnering with outstanding executives to build leading companies. Since its founding, GTCR has committed more than $2.3 billion with more than 150 management teams. Industries have included healthcare, information technology, distribution, business services, marketing services, financial services and more.

Today, GTCR manages more than $4.5 billion in capital provided by pension funds, endowments, investment advisors, portfolio company executives and GTCR principals. Equity funds and mezzanine funds allow it to provide both debt and equity funding.

About InfoCast

InfoCast has built a complete solution around two core applications designed to work together as a single platform for customer care:

Contact -- The foundation of InfoCast's virtual call center solution is a complete customer contact center infrastructure available on a pay-per-call basis -- an attractive alternative to expensive, traditional call center hardware and software. By hosting a software based Automatic Call Distribution (ACD) and Interactive Voice Response (IVR) system on InfoCast servers and connecting customer service representatives (CSR) via a high-speed data network, call centers can be up and running with a minimum of effort. This state-of-the-art Web-enabled technology will distribute customer calls to the appropriate agent, wherever they are located.

e-Learning -- This complete electronic learning environment increases productivity and drives down education and training costs by giving corporate and academic learners access to up-to-the-minute training and certification anytime, anywhere. The focal point of the e-Learning application is the Contact Center Academy. This offering is a web-based portal that provides access to training and knowledge management resources specific to the call center industry.

More information about InfoCast Corporation can be found on the Web at www.infocast-corp.com.

This press release contains 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"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of InfoCast to be materially different from those expressed or implied by such forward-looking statements. Although InfoCast believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included herein will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by InfoCast or any other person that the objectives and plans of InfoCast will be achieved.

For further information, please contact: Stephen Williams, President & COO of InfoCast Corporation, 416-861-9170, swilliams@infocast-corp.com.

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