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Section 1 – Registrant’s Business and Operations
Not Applicable
Section 2 – Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets
Effective December 30, 2011, Information Architects Corporation (IACH) is announcing that it has acquired 100% of the outstanding Class B Limited Liability Company Interest of THE PAN AMERICAN FUND, LLC (A Florida Limited Liability Company) (Pan Am) from Wellesley Asset Secured Portfolio, Inc. (Wellesley). There were no previous material relationships between or among the previous owners of Wellesley and IACH or any of its affiliates or any director or officer of IACH or any associate of any director or officer of IACH.
Consideration for the acquisition is as follows:
In exchange for the transfer of Said Class B Limited Liability Company Interest of Pan Am, IACH shall issue to Wellesley 1,160,000 shares of Preferred stock.
