EXHIBIT 1 The undersigned hereby agree, pursuant to Rule 13d-1(f)(1) to file a joint statement on Schedule 13D and amendments thereto pertaining to their beneficial ownership of shares of Common Stock of Infinite Machines Corp. This Agreement may be...

                                                                     EXHIBIT 1

      The undersigned hereby agree, pursuant to Rule 13d-1(f)(1) to file a joint
statement on Schedule 13D and amendments thereto pertaining to their beneficial
ownership of shares of Common Stock of Infinite Machines Corp.

      This Agreement may be terminated for any reason by any party hereto
immediately upon the personal delivery or facsimile transmission of notice to
that effect to the other parties hereto.

      This agreement may be executed in counterparts and all so executed shall
constitute the agreement.

Date:  March 17, 1998

                        CLEARWATER FUND IV, LLC                       
                                                                     
                        /s/ Hans ▇▇▇▇▇▇▇▇ ▇▇▇▇                       
                        --------------------------------------       
                        By: Hans ▇▇▇▇▇▇▇▇ ▇▇▇▇                       
                        Title: Managing Member                       
                        

                        CLEARWATER OFFSHORE FUND LTD.

                        By: ▇▇▇▇▇▇▇ CONSULTANT LTD., a director

                        By: FALKIRK S.A., as attorney-in-fact

                        /s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇
                        --------------------------------------       
                        Title: Director


                                     Page 9