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Wednesday, November 29, 2006 12:58:03 AM
I'm glad I held onto all of my shares today!
IBAC Corporation Prepares To File Form 10 in Anticipation of Move to the OTCBB
Tuesday November 28, 4:02 pm ET
NEW YORK--(BUSINESS WIRE)--IBAC Corporation (Pinksheets:IBCX - News) a Hospitality Holding Company today after the bell announced, that it is in the process of preparing the required form 10, that is necessary for the company's request to trade on the OTCBB.
The company is working on a fast track basis, and expects to file the form 10 very soon, thus giving the company the ability to trade on the OTCBB.
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.
Contact:
IBAC Corporation
Investor Relations, 718-891-8188
Fax: 775-320-5437
ir@ibaccorp.com
www.ibaccorp.com
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Source: IBAC Corporation
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