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HAPC, Inc. (HAPN) and I-Flow Corporation (IFLO) Extend Termination Deadline for Acquisition of InfuSystem


7/2/2007 3:31:31 PM

NEW YORK--(BUSINESS WIRE)--HAPC, Inc. (OTCBB: HAPN; HAPNW; HAPNU), today announced that it has mutually agreed with I-Flow Corporation (Nasdaq: IFLO) to an additional extension of the termination deadline in the stock purchase agreement regarding HAPC’s acquisition of InfuSystem, Inc. The previous deadline of June 29, 2007 has been extended to July 31, 2007. The extension is expected to allow HAPC sufficient time to address the remaining Securities and Exchange Commission (SEC) comments on HAPC's preliminary proxy statement, which HAPC believes are typical of a transaction of this type.

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