MIAMI, March 30, 2011 (GLOBE NEWSWIRE) -- IAHL Corporation (Pink Sheets:IAHL) has entered into a binding merger contract with an Alternative Energy Company. Terms and conditions have been agreed to and are fully in place to execute. No change in share structure will be needed to finalize merger, or after merger is complete. They have contracts and letters of intent with multiple companies in several countries with some of those being of Fortune 500 status. IAHL has been looking to diversify its business philosophy into other areas such as alternative energy and this fits perfectly! This will bring immediate value and exposure to our shareholders with this dynamic and fast growing company which is able to take advantage of its global industry through specialized, one-of-a-kind concepts. Both sets of attorneys are working diligently to finalize this merger. After everything is completed we will introduce the company and its management team to our shareholders.
Our deep commitment to our shareholders will continue through this long journey that we all have endured. We are finally nearing the end of the tunnel and the light is very bright! With all the stigma of the media and freedom of press, we have been very careful throughout the years not to disseminate unauthorized information. There have been many times we have wanted to update shareholders on our progress but decided it was only in its best interest to release hard, factual data, and nothing speculative. The new website is already underway to allow shareholders the transparency of our latest developments. We thank all investors for their patience as these objectives move forward.
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.