SOURCE: Three Sixty, Inc.

September 27, 2007 03:33 ET

Three Sixty, Inc. Today Announces Certain Significant Corporate Changes

CAPE CORAL, FL--(Marketwire - September 27, 2007) - Three Sixty, Inc. (PINKSHEETS: TSXT) today announced that a significant change in the corporate structure and its business activities has taken place.

Effective as of September 14, 2007, Michelle E. Shearer has resigned as President & CEO of the company. Ms. Shearer, as President of Rockford-Montgomery Labs, Inc., also rescinded the share purchase agreement of Three Sixty, Inc. thus rendering the company without the asset stated.

The company, after careful review with advice of counsel, accepted Ms. Shearer's action without objection as the company believes it was in the best interest of the shareholders and the company.

The company has since nominated a new President & CEO that will take the company in a new and more potentially lucrative direction in the aviation arena. In the coming weeks the company will change its name to IAH Corporation with a new trading symbol of which will better reflect the new direction of the company.

Mr. Peter Van Dyke has acquired the controlling interest in Three Sixty, Inc. and has taken the position of President & CEO of the company; Mr. Van Dyke's credentials are significant:

Mr. Van Dyke has forty years of sales, marketing, product distribution and management experience. Educated at Wheaton College, Elmhurst College, Burdette School of Business and Millikin University. District Sales Manager for Meyer Hydraulics Corp. Mr. Van Dyke has extensive entrepreneurial experience. He was elected to the Kane County Board of Supervisors, and served on the Board of Directors of Triumph National Bank, Illinois for seven years. Mr. Van Dyke also served as President of M.B.W. Inc. Mr. Van Dyke has also served as President and CEO of Premier Aviation Group, Inc. as well as the Chairman of Jamaica Airlink. Mr. Van Dyke is currently CEO & Chairmen of Integrity Aircraft Holdings Limited, a manufacturer of aircraft.

"I am totally committed to the success of this company and increasing shareholder value by incorporating a significant asset into the company; it will most likely be an aviation asset being incorporated into the company. The company's new direction will be with out a doubt within the aviation industry. I am not interested in the past history of the company, I am interested in moving forward in a positive fashion and doing business," said Mr. Van Dyke.

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

  • Three Sixty, Inc.
    Investor Relations
    Phone: 239-283-5779
    Fax: 239-283-4848