NEWPORT BEACH, Calif., Nov. 7, 2005 (PRIMEZONE) -- Interfoundry, Inc. (Pink Sheets:ITFY) today announced the completion of its merger with Southern States Power Company, Inc. Interfoundry, the surviving company, has begun trading under the ticker symbol ITFY. As a part of the reorganization, the board of directors and the shareholders of Interfoundry have approved a 300-to-1 reverse split. The reverse split will affect shareholders of record at the close of business on Friday, November, 5, 2005. All management and board members of Southern States Power Company have resigned their positions at the time of the merger with Interfoundry.
This news release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although Interfoundry believes the expectations contained in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct. This information may involve risks and uncertainties that could cause actual results of Interfoundry to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to: (i) competition in the market for the company's services, (ii) regulatory and legislative initiatives, and (iii) deterioration in economic conditions.