SOURCE: IAHL Corporation

January 08, 2008 08:11 ET

IAHL Corporation Updates Its Negotiations to Acquire a Major Well-Established Aircraft Manufacturer

CAPE CORAL, FL--(Marketwire - January 8, 2008) - IAHL Corporation (PINKSHEETS: IAHL) announced today progress on the negotiations to acquire 100% of a well-established aircraft manufacturer and its production facilities as previously announced.

Negotiations have now been completed and contracts have been drafted by the seller's attorneys and are now under review by IAHL attorneys; once all legal aspects have been agreed upon by all parties a closing date will be set and announced, we anticipate this process to take approximately 10 business days.

The acquisition is a leader in its market sector and will enable IAHL to incorporate its Integrity Aircraft program within the same facilities without having to add an additional production facility, thus increasing the company's product line at a reduced overhead.

"The availability and timing of this acquisition could not be better as it will give the company an immediate positive multi-million dollar revenue stream along with production facilities and an established leading brand within the aviation industry. The company will release the targeted acquisition's information upon the completion of all executed contracts," said Mr. Peter Van Dyke, President & CEO.

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