IAHL Corporation (IAHL)

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December 16, 2006 - 4:34 PM EST

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IBCX 0.0051 -0.0019

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IBAC Corporation Board of Directors to Move its Previously Announced Meeting from Monday 12/18/06 to Sunday 12/17/06
IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced that its Board of Directors will meet Sunday 12/17/06 instead of its previously announced meeting for Monday 12/18/06 to vote on spinning off its restaurants and food service business to another publicly traded company, the Board at the same meeting will also vote on IBAC Corporation moving to the OTCBB via a reverse merger with an existing fully reporting OTCBB trading shell company.

The Board of Directors will be voting for what's in the best interest of the shareholders and the company moving forward.

This change in meeting dates has been prompted by a last minute event that requires the CEO Edward W. Hayter to travel out of town for a meeting on Monday, so that he may finalize an acquisition opportunity that the company has been working on for several months before years end.

The company will release the results of the meeting and the vote and detailed structure, direction as soon after as possible. Mr. Hayter will leave immediately after the meeting as the time frame for completing this acquisition before years end is imperative for tax purposes and others involved holiday schedules.