IAHL Corporation (IAHL) announced today that its Board of Directors has approved a share buyback program of up to 8,000,000 shares. The shares will be purchased from the open market and in private transactions if the Company deems the price appropriate.
Peter Van Dyke, Chairman, said, "I believe that at current market price, the buyback of some of our stock will provide our shareholders with a better return on their investment based upon pending acquisitions. The pending acquisitions are extremely lucrative and will prove out my foresight."
Mr. Van Dyke also stated, "That the company will aggressively pursue all obtainable shares as it is certain that once certain acquisitions are completed, shares of his companies' stock will substantially increase in value."
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