Information Architects new President Updates Shareholders on the Company's New Direction and Business Plan
ORLANDO, Fla., July 19, 2012 /PRNewswire/ -- Information Architects Corporation (OTCQB: IACH) announced it is engaging in bold new initiatives with the new direction of the company. These plans have been in place since the middle of last year when the company restructured the shares outstanding. Since then, management has been working tirelessly behind the scenes to develop the company, as well as put things in place to develop IACH into a world class operation.
In the short term, the company plans to acquire a number of medical operations, which can provide cash flow and operating income. Several promising candidate companies have been identified, along with discussions that are underway to proceed with possible mergers or acquisitions. One letter of intent has been signed, in turn, the company hopes to have this finalized and announced in the very near future.
The larger goal is to begin operations in the Life Settlements arena, which will be mostly funded through the cash flow earned from the medical operations. In this business IACH will purchase life insurance policies from people, who no longer need or require them, typically for pennies on the dollar of the benefit amount. IACH will then continue to pay the premiums on these policies and the company will then collect the full benefit amount when the policy is paid out.
According to market estimates from Conning Research & Consulting, there was about $36 billion in face value of in-force life settlements as of the end of 2011. The life-policy secondary market has been a booming business since the mid 2000's, as hedge funds and investment entities have been acquiring the policies of older Americans. New IACH President Michael Ostrow is very well versed in this field, and comments, "IACH has limitless potential and we are all excited about how the company will progress, starting yesterday!"
A new corporate website is in the works and we look forward to updating the investing public on a regular basis about all of the new and exciting developments happening with IACH.
*For more information contact Tim Connors @ 858-568-7059
CORPORATE PROFILE
Information Architects Corp. (IACH) is a worldwide Marketing and Distribution company.
"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.
SOURCE Information Architects Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article