Based on the funds and commitments received to date, InfoCast will issue 9.6 million common shares and 3-year warrants to acquire 4.8 million common shares at a price of $0.75 per share. InfoCast may accept additional subscriptions for this financing over the next week.

"This is a challenging environment for raising money and investors are being extremely selective with the investments they make," notes Jim Leech. "We are encouraged that these investors see the tremendous opportunity in our company. The fact that they have participated in this financing round is validation of our business plan."

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 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 Bo Woloshyn, Vice President, Marketing, bwoloshyn@infocast-corp.com, or Herve Seguin, Chief Financial Officer, hseguin@infocast-corp.com, both of InfoCast Corporation, 877-338-8889.