this is the one i said i believe ceo said truth about.
January 5, 2007 - 2:36 AM EST
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IBCX 0.0015 0.00
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IBAC Corporation Filed its Application for Electronic Filing Status with the SEC IBAC Corporation (Pink Sheets:IBCX), a Hospitality Holding Company, today announced that it had filed its application for electronic filing status with the SEC, the SEC has rejected the application based on previous filings as they were "paper filings" the company is in the process of correcting this.
The SEC has informed the company that to be able to file reports electronically that it must have had filed previously via electronic filing, so the company now is in the process of "back tracking" per the SEC instructions to correct this situation.
"The company will correct this matter, so that we may file the appropriate (electronically) paperwork for its stated goals. The company intends to become a fully reporting and trading OTCBB company," stated Wayne Burmaster President IBAC Corporation.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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