InfraCor Inc. Announces Results For Fiscal Year 2001.

Business Editors

RICHMOND, Va.--(BUSINESS WIRE)--July 16, 2001

INFRACOR, INC., (Nasdaq OTC: INFC) a leading subsurface Infrastructure Corridor design, build and rehabilitation firm, today announced a profit for the fiscal year ended March 31, 2001 ("fiscal year 2001") of $76,956 compared to $518,022 for the fiscal year ended March 31, 2000 ("fiscal year 2000").

Revenues for fiscal year 2001 were $25,119,188 compared to revenues of $23,593,187 for fiscal year 2000. During the fiscal year 2001, INFC closed a subsidiary, InfraCor Technology, Inc., due to losses incurred by the subsidiary of approximately $450,000.

New orders received for the fiscal year 2001 are $21,086,297 compared to new orders of $30,304,537 for the fiscal year 2000. Backlog at March 31, 2001 was $17,300,000 compared to $19,100,000 at March 31, 2000. Below is a table of selected financial data.

                                Fiscal Year Ended    Fiscal Year Ended
                                  March 31, 2001      March 31, 2000
                                  --------------      --------------
Contract revenues                  $25,119,188          $23,593,187
Income (loss) from continuing
 operations                            $55,956             $379,022
Net income                            $ 76,956             $518,022
Total assets                       $14,567,834          $13,031,191
Total stockholders' equity          $4,796,139           $4,319,556
Earnings per share (basic)              ($0.01)               $0.02

InfraCor, Inc. will hold its Annual Shareholders' Meeting on Monday, July 30, 2001, beginning at 10:00 a.m., at the Omni Hotel, 235 West Main Street, Charlottesville, Virginia.

InfraCor Inc. is a leading subsurface Infrastructure Corridor design, build and rehabilitation company utilizing trenchless technologies and conventional methods on behalf of municipalities, utilities and industries requiring pipelines for water, sewer, gas, and cable.

This press release may contain certain forward-looking statements that involve risks and uncertainties. The actual results realized by the Company could differ materially from the statements made herein. Factors that might cause such differences include, but are not limited to: volatility and uncertainties in state, local, and federal funding of infrastructure projects, economic variances, and disparities between forecast and realized sales. Additional factors are discussed in the company's Annual Report on Form 10KSB, filed with the Securities and Exchange Commission.