IAHL Corporation Updates Its Acquisition Announcement of the Aircraft Manufacturer Contract -- It Will Now Include Real Estate O
January 09 2008 - 8:02AM
Marketwired
CAPE CORAL, FL announced today that it has reviewed its contract
and it includes the acquisition of the real estate owned by the
airline manufacturer.
The company, besides acquiring the aircraft manufacturer, will
also acquire the buildings and land associated with the company.
This will be a separate deal requiring bank approval; IAHL is
confident that approvals will be received.
The property includes access to a landing strip with a full-time
control tower staff and other assorted amenities conducive to the
aircraft industry.
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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