IAHL Corporation Enters Negotiations to Acquire a Major Well Established Aircraft Manufacturer
11 Dezember 2007 - 3:01PM
Marketwired
CAPE CORAL, FL announced today that negotiations are well
underway to acquire 100% of a well established aircraft
manufacturer and its production facilities.
The targeted acquisition is the leader in its market sector and
will enable IAHL to incorporate its Integrity Aircraft production
within the same facilities without having to establish 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 gives 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
is not releasing the targeted acquisition's information at this
time due to the sensitivity of the negotiations, although it feels
that it is of major importance to the company and its shareholders
hence the announcement," said Mr. Peter Van Dyke, President &
CEO.
Mr. Van Dyke also stated, "That he will be at the NDAA AG
Convention in Reno, Nevada December 11,12 and 13th conducting
business on behalf of the company, as this is one of the sectors
largest aircraft conventions."
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.
IAHL Corporation Investor Relations Phone: 239-277-3883 Fax:
239-283-4843
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