InfoSpi Inc. (OTC Bulletin Board: ISPI) announced today that following a recent visit to the proposed acquisition company, IBS in Valencia, Spain, that their Due Diligence is advancing satisfactorily.

Markets Quotes Options Charts Historical Headlines Profiles Financials Filings InfoSpi Inc (ISPI) Last 0.04 Change 0.0043 % Change 10.75% Time N/A Day Low 0.038 52 Wk Low 0.03 Bid 0.0385 Bid Size 0 Market Cap 0 P/E Ratio N/A Shares Out 5567t EPS 0 Prev Close 0.0357 Open 0.039 Volume 784,080 10D Ave Vol 1,430,029 Day High 0.045 52 Wk High 0.46 Ask 0.04 Ask Size 0 Yield 0.000000 Dividend 0.00 Div. Date N/A Exchange OTCBB Intraday 5 Dy 1 Mo 3 Mo 6 Mo 1 Yr More Headlines Mar 18/10 18:32 InfoSpi Appoints New Chief Operating Officer to the Board of Directors (PRN) Feb 17/10 16:05 InfoSpi Signs Letter of Intent with Tire to Oil Operator (PRN) Feb 17/10 08:10 Stock Trading Alert for Wednesday, February 17, 2010 (MRW) Feb 16/10 23:25 InfoSpi Inc. Has Submitted a Proposal for the Disposal and Conversion of Municipal Waste to Energy to the City of Jerusalem, Israel (PRN) Feb 16/10 19:28 PicksThatMove.Com Announces Investment Opinion on Starfield Resources Inc., Sirius XM Radio Inc., Result Energy Inc., Oil Sands Quest Inc. and Infospi Inc. (BIZ) Quotes delayed at least 15 minutes © AlphaTrade.com  |  Terms of use

The Visit was attended by Chris Hamilton, CEO, Haim Mayan, COO, and Olivier Danan, CAO, from InfoSpi which included a detailed review of the company's facilities and presented the team with the opportunity to meet with the employees behind IBS. www.ibsenergies.eu

Chris Hamilton stated that the opportunities that the IBS technology brings to InfoSpi greatly enhance the company's business model and he anticipates further announcements in the very near future in regard to this proposed acquisition.

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.