IAHL Corporation Announces the Current State of the Company
19 6월 2008 - 4:08AM
PR Newswire (US)
LONDON, June 18 /PRNewswire-FirstCall/ -- IAHL Corporation (Other
OTC: IAHL.PK) today will state the status of the company for the
benefit of its Investors and Shareholders alike. IAHL is in the
process of lengthy negotiations and closings of multiple aviation
related acquisitions/mergers both domestically and internationally.
The company is restricted from discussing these deals by several
non disclosure agreements at this time regarding these
transactions. IAHL also is currently in the processes of
negotiating $60,000,000 (Sixty Million Dollars) of debt financing,
from hedge funds, pension funds and private high net worth
individuals. The company is also precluded from disclosing these
negotiations at this time as we are also bound by non disclosure
agreements. The company would also like to address the share
structure at this time. The authorized shares for the company are
55 Million Common Shares with some 36 Million Shares
(approximately) Outstanding. The company is in the process of
reducing the authorized common shares by at least 10 to 12 Million
Shares and addressing a reduction of the outstanding Shares as
previously stated. The company has incurred many expenses regarding
these ongoing transactions; thus, the company issued 10 Million
Shares as payment of services to the professionals involved, with
the understanding that the company can buyback those shares for the
equal amount of their fees, and that is what the company intends to
do. That agreement is in force for one year. The company intends to
release more news on a regular basis as many of these deals will
finally be coming to fruition. The company apologizes for the long
period of time without news as it is due to many non disclosure
agreements and our attorneys' advice. The company's executives are
working around the clock due to time lines in other countries to
put all of these deals together. We appreciate all of the support
that we have received from our shareholders here and abroad, and we
will continue to work in their best interest. 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 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.
DATASOURCE: IAHL Corporation CONTACT: Investor Relations of IAHL
Corporation, +1-239-277-3883, Fax: +1-239-283-4843
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