IA Global Announces the Resignation of Eric La Cara from the Board of Directors
16 November 2009 - 10:15PM
Business Wire
IA Global Inc. (NYSE AMEX US:IAO) (the “Company”) announced
today the resignation of Eric La Cara, an independent director,
from the Company’s Board of Directors effective November 11, 2009.
Mr. La Cara’s resignation from the Board was not due to any
disagreement with the Company relating to the Company’s operations,
policies or practices.
About IA Global,
Inc.
IA Global is a Business Process Outsourcing (“BPO”) and
financial services corporation targeting the B2B and B2C markets in
the Asia Region. The Company is seeking to expand its investments
in the BPO, B2B and financial services sectors. In Japan, IA Global
is the 100% owner, except as disclosed, of Global Hotline, Inc., a
BPO organization, which operates several major call centers
providing primarily outbound telemarketing services for
telecommunications and insurance companies. In the Philippines, IA
Global operates as Global Hotline Philippines Inc., a BPO
organization, providing inbound and outbound telemarketing
services, as well as collocation facilities, to a variety of
industries. In the Asia region, the Company has an equity
investment of 20.25% in Slate Consulting Co Ltd.
For further information, contact:Investor RelationsIA Global,
Inc.101 California Street, Suite 2450San Francisco, CA
94111415-946-8828 (t)415-946-8801
(f)ir@iaglobalinc.comwww.iaglobalinc.com
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: This press release contains 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)
regarding us and our business, financial condition, results of
operations and prospects. Forward-looking statements in this press
release reflect the good faith judgment of our management and are
based on facts and factors currently known to us. Forward-looking
statements are subject to risks and uncertainties, and actual
results and outcomes may differ materially from the results and
outcomes discussed in the forward-looking statements as a result of
either the matters set forth or incorporated in this press release
generally or certain economic and business factors, some of which
may be unknown to and/or beyond the control of IA Global.
Specifically, we are exposed to various risks related to legal
claims, our need for additional financing, our level of
indebtedness, our NYSE AMEX listing, our investment in Taicom
Securities Co Ltd., declining economic conditions, our Global
Hotline business, our controlling shareholder groups, the sale of
significant numbers of our shares and volatility in the market
price of our common stock. Readers are urged not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. We do not undertake, and we
expressly disclaim, any obligation to revise or update any
forward-looking statements in order to reflect any event or
circumstance that may arise after the date of the press
release.
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