Information Architects Announces "New Outlook 2012"
ORLANDO, Nov. 18, 2011 /PRNewswire/ -- Information Architects Corporation (OTCQB: IACH), a publicly reporting company, announced development of a new strategic business plan establishing acquisitions, ventures, partnering, and related pursuits in the opportunity rich undervalued commercial real estate portfolio/financial industry, along with initial targeted industry leaders joining the pursuit, the "New Outlook 2012."
The Board of Directors of IACH has been exploring potential new ventures, and new business pursuits. It has now determined to end recently announced intended acquisitions in favor of a renewing of the Company "mind" and "legs" toward deal making in the distressed property acquisition, management, arbitrage, commercial property industry.
To help the corporation move into this new direction, and rather than taking a start from scratch approach, the Company has entered into negotiations and a letter of intent with two successful South Florida based mortgage originators and purchasers of distressed commercial mortgages nationwide, the "Wellesley" and "PanAm" funds. The Funds have a track record in the origination and of capitalizing on the resale of the distressed mortgages with PanAm having an uninterrupted record of consistent payments to participants.
"This is a new direction for the Company into an arena with tremendous opportunity. The existing Fund payment history and management experience of both Funds position our shareholders to take advantage of a dynamic commercial property portfolio arena," said Roland Breton, President of IACH.
The parties project contracting and closings before year end, with news to be released as it develops.
CORPORATE PROFILE
Information Architects Corp. (IACH) is a worldwide Marketing and Distribution company developing and pursuing a plan to contract, acquire and develop business involving real estate financial commercial portfolios.
"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Information Architects Corporation disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies, and the purchasing activity or lack thereof by registered web mall members.
Market Relations, Contact:
Christopher Johndrow
954-925-4177
SOURCE Information Architects Corporation
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