IAHL Corporation (IAHL)

[jean1057]

follow up PR..No. 1
IBAC Corporation to Retire an Additional Four Billion Common Shares
Business Wire, March 10, 2005

NEW YORK -- IBAC Corporation, (Pink Sheets: ICAN) announced today that it will seek to retire an additional Four Billion shares of common stock.

IBAC Corporations board of directors has agreed to retire an additional Four Billion ICAN shares to the treasury. The 4,000,000,000 shares are ICAN common stock, this in conjunction with the Six Billion shares to be retired by the personal shares of Edward W. Hayter President & CEO will decrease the authorized common stock by 50 percent and is subject to all SEC and regulatory statues.

"This non-dilutive measure will bring an increased value to our shareholders," said Edward W Hayter. President & CEO "We continue to negotiate and put contracts into place to ensure longevity of revenues for our company and, as this occurs, we will take steps to bring further value to our shareholders."

This measure is taking place to position the company for the eventual sale or merger of one or more of its subsidiaries to a fully reporting/trading otcbb company.