IAHL Corporation (IAHL)

[jean1057]

follow up No.2 /strange 1 day later ..note the dates/and the confusion?? (now the CEO is buying again??)
IBAC Corporation Reduces Authorized Common Shares
Business Wire, March 11, 2005

NEW YORK -- IBAC Corporation (Pink Sheets:ICAN) announced today that it will reduce the company's authorized shares to 10 Billion.

IBAC Corporation's board of directors has agreed to reduce the authorized common stock from 20 Billion Shares to 10 Billion Shares. The 10 Billion Shares are ICAN common stock; and are subject to all SEC and regulatory statutes.

Mr. Edward W Hayter is continuing to purchase up to 500 Million shares of the company's common stock on the open market for his personal portfolio.

"This non-dilutive measure will bring an increased value to our shareholders," said Edward W Hayter, President & CEO.

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.