IAHL Corporation (IAHL)

[Dspetry]

IBAC Corporation Board Approves a Special Dividend

April 06, 2005 14:47:02 (ET)

NEW YORK, Apr 06, 2005 (BUSINESS WIRE) -- IBAC Corporation (PINK SHEETS:ICAN), announced today that its board has approved a dividend in the form of forward split of 15% for all common shares issued and outstanding as of May 1, 2005 (the record date). As of the record date, each Holder of 100 shares of common stock shall be issued an additional fifteen (15) shares of common stock. Odd lots shall be rounded up. The mail date for the additional shares is May 15, 2005.

"I requested this special dividend to reward shareholders for their loyalty," said Edward W Hayter President.

Forward Looking Statements: This information includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel as related to the restaurant industry. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

SOURCE: IBAC Corporation


IBAC Corporation
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