Friday, December 15, 2006 12:02:10 AM
Attention: TSA Core Members
Company: IBAC Corp.
Website: http://www.ibaccorp.com/
Symbol: IBCX.PK
IBCX coming up off bottom. IBAC has recently expanded operations and is preparing to uplist to the OTCBB in addition to spinning off its Restaurant/Food Service Unit and forming a Construction & Development division, of which all shareholders will receive a portion of the spun off companies.
IBAC has already prepared the Form 10 in anticipation of the move to 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.
The Restaurant/Food Service Unit spin off value is set between 4.5M - 5M dollars with shareholders of record to receive stock and/or a cash dividend in the new company, so shareholders will maintain an interest in all of the assets.
http://finance.yahoo.com/q?s=IBCX.PK
Wed, Dec 13, 2006
• IBAC Corporation Board to Meet Monday to Review a Proposed Spin Off of Its Restaurant/Food Service Unit Business Wire (Wed 4:23pm)
Mon, Dec 4, 2006
• IBAC Corporation Signs Sponsorship Agreements for Their Florida Restaurants Business Wire (Mon, Dec 4)
Fri, Dec 1, 2006
• IBAC Corporation to Form Construction & Development Division Business Wire (Fri, Dec 1)
Thu, Nov 30, 2006
• Rosswood Country Club Board Unanimously Agrees to Sell the Historic Property to New York Based IBAC Corporation Business Wire (Thu, Nov 30)
Tue, Nov 28, 2006
• IBAC Corporation Prepares To File Form 10 in Anticipation of Move to the OTCBB Business Wire (Tue, Nov 28)
Fri, Nov 24, 2006
• IBAC Corporation Reports Record October Revenues Business Wire (Fri, Nov 24)
Wed, Nov 22, 2006
• IBAC Corporation Responds to Shareholders Questions Regarding the Upcoming Share Dividend & Share Reduction Business Wire (Wed, Nov 22)
• IBAC Corporations Board Approves Reduction in Its Authorized Shares by 150 Million Business Wire (Wed, Nov 22)
Tue, Nov 21, 2006
• IBAC Corporation Updates Status of Audited Financials Business Wire (Tue, Nov 21)
Mon, Nov 20, 2006
• IBAC Corporation Has Executed Contracts to Acquire a Country Club & Golf Course and Now is Pending Boards Approval Business Wire (Mon, Nov 20)
Mon, Nov 13, 2006
• IBAC Corporation's Board of Directors Announces a 25% Stock Dividend Business Wire (Mon, Nov 13)
TTEN is still listed on our website and we are still holding. We are expecting way more out of TTEN in the near future. The PPS is a steal at these prices! We will keep you posted on any further developments. :)
TheStockAlarm
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