Replies to post #2491 on IAHL Corporation (IAHL)

[jean1057]

IBAC Corporation Reports Completed Stock Dividend Payout & Current Common Share Structure
Business Wire, April 10, 2006

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NEW YORK -- IBAC Corporation (Pink Sheets:IBCX) today announced that it has completed the payout of the 15% share dividend per the stated pay date of March 31, 2006. The company has also completed the filings with the state of Delaware reducing the company's authorized common shares to 200 Million.

After said actions the company's common share structure is authorized 200 Million and the Issued/Outstanding are 188,937,483 million after all payments of dividends were completed, the outstanding share figures were provided by the company's transfer agent after all payments were made and were not the cause of any dilution/selling of shares. The company has not or will not engage in any regdex/504 filings and will not be increasing the authorized common shares.

The company's near term plans going forward include the completion of the recently agreed acquisition of Sanibel Steakhouse in Bonita Springs, Florida by May 1, 2006, completion of audits and filing to move to the OTCBB.