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IAHL Corporation Updates Its Acquisition Announcement of the AircraftManufacturer Contract -- It Will Now Include Real Estate Owned
Jan 9, 2008 09:03:04 (ET)
CAPE CORAL, FL, Jan 09, 2008 (MARKET WIRE via COMTEX) -- IAHL Corporation (PINKSHEETS: IAHL) announced today that it has reviewed its contract and it includes the acquisition of the real estate owned by the airline manufacturer.
The company, besides acquiring the aircraft manufacturer, will also acquire the buildings and land associated with the company. This will be a separate deal requiring bank approval; IAHL is confident that approvals will be received.
The property includes access to a landing strip with a full-time control tower staff and other assorted amenities conducive to the aircraft industry.
About IAHL Corporation:
The company holds major proprietary and technological patents for certain aircraft that, once implemented, will astound the aircraft industry; the target market of the company is the under-served rural areas of the world. The company's current share structure is as follows:
Authorized Shares: 70,000,000 Preferred Shares: 20,000,000 Common Shares: 50,000,000 Current Common Shares Outstanding: 7,300,000
The company does not intend to change the capital structure of the company in any fashion, except the possible reduction of authorized common shares to better reflect and bolster the true value of the company, its assets and business operations.
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.
I can see the stock built support at around the 2 cent level, taking off from there, it will retrace to around the 6.5 to 7 level.. it did make a good upswing from the support line...
-------------------- -Federated Records ...live learn gain...
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Related Quotes Sym. Price Chg. IAHL Trade News 0.13 0.035 IAHL Corporation to Acquire Thrush Aircraft, Inc.
Jan 18, 2008 00:48:08 (ET)
CAPE CORAL, FL, Jan 18, 2008 (MARKET WIRE via COMTEX) -- IAHL Corporation (PINKSHEETS: IAHL) now has a definitive agreement to acquire Thrush Aircraft, Inc. ( www.thrushaircraft.com ) serving over 80 counties and based in Albany, Georgia. The transaction, terms of which were not disclosed, will be completed upon receipt of various regulatory approvals (if required) and customary closing conditions.
"Thrush Aircraft will broaden IAHL's capabilities in the small turboprop segment of aviation," said Peter Van Dyke, president and chief executive officer of IAHL Corporation. "Thrush Aircraft has a strong history and an outstanding customer base. IAHL seeks to expand upon Thrush's capabilities as we look forward to launching other product lines (Integrity) in the under-served rural commuter/cargo arena."
"The access to the technological resources of IAHL and Thrush will benefit all of our current and future customers," said Larry Bay, Chairman of the Board of Thrush Aircraft.
About Thrush Aircraft, Inc.
Thrush Aircraft was established in 1965 by Rockwell International when it acquired the product line of Snow Aeronautical. The first Thrush with the first 400 gallon hopper was test flown in 1966. This launched a long and colorful history and helped lead the migration of the ag industry to larger hoppers and more powerful engines. North American Rockwell continued to produce the 400 gallon Thrush in Olney, Texas until March 1970 when it moved the total product line to Albany, Georgia. The Thrush 400 continued to be an aircraft that was very much in demand. Rockwell increased the production rate in late 1973 to one airplane per day. They maintained that rate until early 1975. The operator's desire to accomplish more work with less equipment initiated a number of innovative changes for the Thrush.
The Thrush's mission goes far beyond just crop spraying. It has also been successfully used for:
-- Sowing rice -- Feeding shrimp -- Top dressing for timber -- Fire bombing -- Special operations for drug eradicate -- Surveillance of U.S. borders
Thrush Aircraft, Inc. is located in Albany, Georgia housed in a 227,000-sq. ft. office/manufacturing building. Rockwell International originally built the facility in 1965 and operated it until it was purchased by Ayres Corporation November 23, 1977. Thrush Aircraft acquired virtually all of the assets of the old operation on June 30, 2003 and began new, modern operations shortly thereafter.
The new facility is equipped with a full complement of machinery for aircraft manufacture, including water jet, laser cutter, CNC brake, CNC machining centers, turning centers, roll form, hydro form, punch presses, heat treat, age, chem treat processing, etc.
Thrush Aircraft has a well-rounded management team with a wealth of experience in all areas of manufacturing. We operate under the FAA approved Production Certificate 5S0 and meet Mil-I-45208 inspection system requirements, Mil-Q-9858A quality system requirements and Mil-Standard-45662 calibration system requirements. The management team along with a skilled employee base have designed, manufactured, and installed spray systems for 30 years. We have a full complement of support personnel for planning, purchasing, subcontract coordination, engineering, and product support.
Over the years, the predecessor businesses have produced a number of aircraft projects at this facility, including the Myers 200, Lark Darter, CalAir A9 and A9B, Rockwell 112, and the Thrush program since March 1970. Subcontracts have been accomplished for several aerospace companies. These projects include the FedEx cargo conversion kit for the Boeing 727, Lockheed aft quarter panels for the P3 program, MD Helicopter fuselages MD500, MD520, and MD600, British Aerospace 146 cargo door details, Aeronautical Engineers cargo door tooling and details for the 727 and 737, Pats, Inc. fuel tank inspection covers for Boeing, formed parts for Aeronca and Commander, and the design, tool development, and manufacture of kits for the OV10 for Dyncorp. The prior operations have also produced detail parts and tooling for Boeing to support the 727, 737, 747, 757, and 767 production lines.
The prior operator's Repair Station/Service Center was responsible for the engineering, tooling development, parts manufacture, and installation of Stage 3 hush kits for the DC9, 727 and 737 aircraft. This program was performed for Airborne, US Air, TWA, Northwest, Southwest, Midwest, Canadian Air, Scandinavian, Value Jet/Air Tran, Federal Express, and Air France.
A training program was developed by Ayres to teach the airlines to use the tools that were manufactured and incorporate the kits into their own cowling. The program was provided to US Air, TWA, Northwest, Scandinavian, and Airborne. Thrush hopes to revise and expand on the groundwork begun by Ayres in this area.
About IAHL Corporation:
The company holds major proprietary and technological patents for certain aircraft that, once implemented, will astound the aircraft industry; the target market of the company is the under-served rural areas of the world. The company's current share structure is as follows:
Authorized Shares: 70,000,000 Preferred Shares: 20,000,000 Common Shares: 50,000,000
The company does not intend to change the capital structure of the company in any fashion, except the possible reduction of authorized common shares to better reflect and bolster the true value of the company, its assets and business operations.
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.
First I thought it was people transport on island hopper aircraft..
Now it's planes with hoppers to dump fertilizer. Not really complaining, they are building value and equity, but I want a clearer picture.. What else is in their arsenal?
I can't believe this was over a buck a short time ago, if there is no increase in shares, what's to stop it from getting there again?
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THIS IS BIG NEWS - I am calling it out on 1-23 get in now boys cause she is going to fly. This is worth millions!!!
IAHL Corporation Executes Contract to Acquire Bays - Hughes Properties, Inc.
CAPE CORAL, FL, Jan 23, 2008 (MARKET WIRE via COMTEX) -- IAHL Corporation (PINKSHEETS: IAHL) announced today that it has now executed the contract to acquire Bays - Hughes Properties, Inc. The Bays - Hughes Properties, Inc. include 120 acres immediately adjacent to and fronting a common border of several thousand feet with the SW Georgia Regional Airport. Access to the airport's facilities is from a private entrance from the factory's facilities to the runways.
SW Georgia Regional Airport is serviced by two major runways: (1) 6,600' X 150' running NE to SW and (2) 5,201' X 150' running NW to SE. These runways enable the largest jetliners to access the area. (President Carter had the larger runway extended to service Airforce One). Also 767's arrive on a daily basis.
The factory's facilities consist of approximately 15 acres. Housed there is the main plant, offices, model shops, paint shops, engineering facilities and a complete manufacturing operation for parts and the building of aircraft from raw material to finished aircraft. To accomplish this capability, there are 227,000 square feet of buildings (5.2 acres plus) under roof, housing a modern facility equipped with a full complement of machinery for aircraft manufacture, including water jet, laser cutter, CNC brake, CNC machining centers, turning centers, roll form, hydro form, punch presses (largest press east of the Mississippi River), heat treat, age, chemical treat processing and more.
These facilities enable manufacturing of up to 6 complete Thrush aircraft per week and / or certified contract work for aircraft parts and parts for other industries.
There are approximately 2,800 Thrush aircraft in service in 80 countries worldwide. Thrush Aircraft supplies these aircraft with all the parts to keep them in operation.
The remaining extremely valuable property acreage will insure an inventory of adjacent land for future growth and expansion.
"The acquisition of this property will broaden IAHL's capabilities in the small turboprop segment of aviation," said Peter Van Dyke, president and chief executive officer of IAHL Corporation. "It will also allow the company to produce other types of aircraft, specifically short range 20 seat commuter/cargo aircraft, thus expanding our product line while increasing revenues," said Mr. Peter Van Dyke President & CEO of IAHL 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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Related Quotes Sym. Price Chg. IAHL Trade News 0.07 0.0199 IAHL Corporation CEO Clarifies Certain Corporate Events andStrategies
Jan 31, 2008 10:18:43 (ET)
CAPE CORAL, FL, Jan 31, 2008 (MARKET WIRE via COMTEX) -- IAHL Corporation (PINKSHEETS: IAHL) today announced its CEO Mr. Van Dyke will discuss certain corporate events and strategies pertaining to the past, present and future of IAHL Corporation.
IAHL Corporation is very aware and sensitive to the scrutiny that has been placed on the pending acquisition of Thrust Aircraft, Inc. and would like to clarify the structure of said deal. Mr. Van Dyke, President & CEO, heads a group of Investors who has entered into fully executed contracts to acquire Thrush Aircraft, Inc. and Bays - Hughes Properties, Inc. and has tendered the required deposit monies.
Mr. Van Dyke and his Investment Group has also already acquired the control of IAHL Corporation via the control block of preferred shares; this acquisition was consummated for the sole purpose of incorporating the Integrity Aircraft program along with Thrush Aircraft, Inc. and Bay - Hughes Properties, Inc. into IAHL Corporation, with all three entities operating as wholly owned subsidiaries independently and without any change in management or operations of any entity.
Upon the closing of the above mentioned acquisitions it is the intent of IAHL to file the required documentation with the SEC so the company then will become fully reporting and move to a more recognizable trading venue.
Mr. Van Dyke is aware of IAHL's predecessor Three Sixty, Inc. and certain situations and would like to state, "Any association with that operation at the time is no longer a part of IAHL nor is any legal issues that may have been associated with them applicable to the company at this current time. I and my group were at no time ever part of the previous management or ownership of Three Sixty, Inc. this is a new company with new management in the aviation industry."
Mr. Van Dyke also stated, "When the acquisition of Thrush Aircraft and Bays - Hughes Properties is completed, the companies will continue to operate independently as they are with the current management and employees in place. What IAHL will do is lend its investing and knowledge to the above mentioned companies to grow their manufacturing facilities and expand production as to better serve the global markets."
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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