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

Published: Jul 31, 2007

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 July 31, 2007 has been extended to October 1, 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 and effect a shareholder vote on the acquisition.

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