SOURCE: IAHL Corporation

January 09, 2008 09:02 ET

IAHL Corporation Updates Its Acquisition Announcement of the Aircraft Manufacturer Contract -- It Will Now Include Real Estate Owned

CAPE CORAL, FL--(Marketwire - January 9, 2008) - IAHL Corporation (PINKSHEETS: IAHL) announced today that it has reviewed its contract and it includes the acquisition of the real estate owned by the airline manufacturer.

The company, besides acquiring the aircraft manufacturer, will also acquire the buildings and land associated with the company. This will be a separate deal requiring bank approval; IAHL is confident that approvals will be received.

The property includes access to a landing strip with a full-time control tower staff and other assorted amenities conducive to the aircraft industry.

About IAHL Corporation:

The company holds major proprietary and technological patents for certain aircraft that, once implemented, will astound the aircraft industry; the target market of the company is the under-served rural areas of the world. The company's current share structure is as follows:

Authorized Shares:                        70,000,000
Preferred Shares:                         20,000,000
Common Shares:                            50,000,000
Current Common Shares Outstanding:         7,300,000

The company does not intend to change the capital structure of the company in any fashion, except the possible reduction of authorized common shares to better reflect and bolster the true value of the company, its assets and business operations.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contact Information

  • IAHL Corporation
    Investor Relations
    Phone: 239-277-3883
    Fax: 239-283-4843