Corfacts, Inc. Plans to DeRegister Its Common Stock and Delist From the OTC Bulletin Board HOWELL, N.J., March 17 /PRNewswire-FirstCall/ -- Corfacts, Inc. (BULLETIN BOARD: CFCC.OB) announced today that on March 25, 2004 it will file with the Securities and Exchange Commission a Certification and Notice of Termination under Section 12(g). That filing will automatically suspend the Company's obligation to file reports with the Securities and Exchange Commission. As a result of the filing, Corfacts' common stock will be delisted from the OTC Bulletin Board. Market makers will still be able to post quotes for the shares on the Pink Sheets. Ariel Freud, Corfacts' President, stated: "We are deregistering our common stock at this time because the cost of being a reporting company is not justified by any benefits. We have been unable to gain a significant following in the market, and so our shares remain very thinly traded. At the same time, we have been spending large sums of money for the accounting and legal services needed to maintain our reporting status. We believe that the money can be better spent on our business. Our hope is that our shareholders will have at least the same liquidity on the Pink Sheets as they now have on the OTCBulletin Board, although that will depend on our market makers. In the long term, we believe our shareholders will benefit from our decision to dedicate to the growth of our company the money that we would otherwise spend on SEC reporting." DATASOURCE: Corfacts, Inc. CONTACT: Ariel Freud, President of Corfacts, Inc., 1-800-696-7788

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