SOURCE: Information Architects

April 28, 2009 09:45 ET

Information Architects Signs Letter of Intent to Acquire Biotech Company and Appoints Nicole Craig as VP of Marketing and Public Relations

FORT LAUDERDALE, FL--(Marketwire - April 28, 2009) - Information Architects Corp. (PINKSHEETS: IACH) announced today that it has appointed Nicole Craig as Vice President of Marketing and Public Relations. IA also announced it issued a Letter of Intent/Non-Disclosure agreement with an as-of-yet undisclosed biotech company (CORP as to this agreement).

The LOI/NDA is for distribution and manufacturing rights to over 150 different types of home medical test kits designed and produced by a high tech bio chemical Chinese manufacturer. The CORP plans to be the licensed global wholesale distributor of the products to dealers serving the consumer and private medical practice market sectors worldwide. They have already received FDA approval for distribution of tests and will be the first non-prescription over the counter tests. The CORP has already generated the interest of parties for significant orders from retail distributors in several individual markets. The CORP also has many of the animal tests as well and we are currently reviewing all tests.

Upon the completion of extensive Due-Diligence and execution of the definitive agreements, and customary closing arrangements, the parties' management will release the details of the deal as well as of expected and closed contracts.

The consultants of IA are made up of a group partially made of former officers of IA, as well as a past President of IA. These consultants are also shareholder/owners plus have the knowledge and experience to help rebuild the Company into a profitable future. The consultants' first duties will be to take all of the necessary steps to go forward including but not limited to helping new and current management:

1) prepare the company and its financial for the auditor in order to reapply for Bulletin Board or other listed exchange

2) seek out and find a CFO or Financial expert with the experience that will be needed to further the companies growth

3) raising necessary funds for operational and administration funds,

4) increase shareholder value,

5) investigate and deliver all Due-Diligence for upcoming acquisitions, funding and Employment

6) begin the new company/owners web site

William Craig, ACEO, states, "This will be the next step into a new and broad future for IACH and its Owners. We are daily being presented with many new opportunities and new ventures for IA. Ms. Craig will be a tremendous asset for IA as she has grown up in the world of Public Companies, SEC, mergers, acquisitions and shareholders, as well as being a past Administrator for IA. She also has the knowledge and experience to help rebuild the Company into a profitable future. Ms. Craig is an MBA graduate, in addition to holding a bachelor in Marketing."

Ms. Craig's first duties will be to acquire all of the essential steps to advance IA back into the recognizable name in the eyes of the market. She will also research a possible name change, venue change and new company logo, as IA needs to be familiar for the things which we are about to accomplish.

Ms. Craig notes, "Like many other companies, Information Architects has had its ups and downs over its history. In today's economy, business is far less predictable and many of the old financial models are simply not relevant to what works now. Even the richest companies are currently struggling to reinvent themselves in an effort to create viable, sustainable forward motion. It seems clear that a well structured small company with strong support from already vested stock holders and a trained eye for emerging technology could rapidly consolidate existing opportunities into real value. Some leading 'technologists' predict that next ten years will have more positive impact on the Global economy than the last 'Industrial Revolution' times 10. Information Architects is positioned to be a profitable part of the 'Change Wave' that is already upon us all. IA is investigating the best and most beneficial use of the loss carry forward in the energy related area. If utilized, it should save millions of taxes as income is earned."

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Information Architects Corporation disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies, and the purchasing activity or lack thereof by registered web mall members.

Contact Information

  • Contact:
    William Craig
    954 358 7099