SOURCE: IAHL Corporation

January 31, 2008 10:18 ET

IAHL Corporation CEO Clarifies Certain Corporate Events and Strategies

CAPE CORAL, FL--(Marketwire - January 31, 2008) - IAHL Corporation (PINKSHEETS: IAHL) today announced its CEO Mr. Van Dyke will discuss certain corporate events and strategies pertaining to the past, present and future of IAHL Corporation.

IAHL Corporation is very aware and sensitive to the scrutiny that has been placed on the pending acquisition of Thrust Aircraft, Inc. and would like to clarify the structure of said deal. Mr. Van Dyke, President & CEO, heads a group of Investors who has entered into fully executed contracts to acquire Thrush Aircraft, Inc. and Bays - Hughes Properties, Inc. and has tendered the required deposit monies.

Mr. Van Dyke and his Investment Group has also already acquired the control of IAHL Corporation via the control block of preferred shares; this acquisition was consummated for the sole purpose of incorporating the Integrity Aircraft program along with Thrush Aircraft, Inc. and Bay - Hughes Properties, Inc. into IAHL Corporation, with all three entities operating as wholly owned subsidiaries independently and without any change in management or operations of any entity.

Upon the closing of the above mentioned acquisitions it is the intent of IAHL to file the required documentation with the SEC so the company then will become fully reporting and move to a more recognizable trading venue.

Mr. Van Dyke is aware of IAHL's predecessor Three Sixty, Inc. and certain situations and would like to state, "Any association with that operation at the time is no longer a part of IAHL nor is any legal issues that may have been associated with them applicable to the company at this current time. I and my group were at no time ever part of the previous management or ownership of Three Sixty, Inc. this is a new company with new management in the aviation industry."

Mr. Van Dyke also stated, "When the acquisition of Thrush Aircraft and Bays - Hughes Properties is completed, the companies will continue to operate independently as they are with the current management and employees in place. What IAHL will do is lend its investing and knowledge to the above mentioned companies to grow their manufacturing facilities and expand production as to better serve the global markets."

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

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