SAN FRANCISCO, March 29 /PRNewswire-FirstCall/ -- IA Global Inc. (Amex:
IAO) (the "Company") announced that Clifford Bernstein was appointed to the
Company's Board of Directors (the "Board") on March 29, 2007. Mr. Bernstein
will serve on the Board until our Annual Meeting of Shareholders in 2007,
at which time the Company anticipates that Mr. Bernstein will be nominated
to serve for an additional term.
Mr. Bernstein has spent the last decade in a variety of legal and
banking positions, concentrating on mergers and acquisitions with a focus
on technology companies. Mr. Bernstein has held positions as an attorney
with Shearman & Sterling and an investment banker with Citigroup as well as
advisory roles with ValueClick Japan, Booz Allen & Hamilton and DKR Oasis.
He was awarded a J.D. from Columbia Law School, where he was a Kaoru
Kashiwagi Scholar in Japanese Law and a Harlan Fiske Stone Scholar, and an
LL.M. from Kyushu University, where he was a Monbusho Scholar. Prior to
Columbia, Mr. Bernstein worked at Marubeni Corporation and received a B.A.
in Government from Dartmouth College. Mr. Bernstein is currently the
President of the Dartmouth Club of Japan and an avid enthusiast for outdoor
activities of any type.
The Company's CEO Derek Schneideman said, "We are pleased to have
Clifford Bernstein join the Board of Directors. He brings extensive
experience in the markets we operate in or desire to operate in. We look
forward to utilizing his legal skills and his experience in merger and
acquisition matters as we grow our Pacific Rim business."
About IA Global, Inc.
IA Global, Inc. ("IA Global") operates as a holding company, executing
to a narrow focused Mergers and Acquisitions strategy in the Pacific Rim
region. Over time, IA Global expects to establish a broadly based network
of subsidiary and majority-owned synergistic and complementary investments
in the Japan, Australia, Singapore, the Philippines, India, and China
markets. IA Global expects to enhance performance across all business
metrics and deliver accelerating shareholder value.
IA Global owns 100% of Global Hotline. Operating exclusively in Japan,
Global Hotline Inc.'s multiple call centers undertake telemarketing of
telecommunications products and services, and a range of insurance products
and services for several major corporations. IA Global owns 36% of
Australian Secured Financial Limited which raises funds through the
issuance of debentures in Australia and provides short term, secured, real
property loans to businesses or investors in Australia.
For further information, contact:
Investor Relations
IA Global, Inc.
101 California Street, Suite 2450
San Francisco, CA 94111
415-946-8828 (t)
415-946-8801 (f)
ir@iaglobalinc.com
http://www.iaglobalinc.com
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: This press release contains 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) regarding us and our business,
financial condition, results of operations and prospects. Forward-looking
statements in this report reflect the good faith judgment of our management
and the statements are based on facts and factors as we currently know
them. Forward- looking statements are subject to risks and uncertainties
and actual results and outcomes may differ materially from the results and
outcomes discussed in the forward-looking statements. Actual results could
differ materially from those projected in the forward-looking statements,
as a result of either the matters set forth or incorporated in this report
generally or certain economic and business factors, some of which may be
beyond the control of IA Global. These factors include adverse economic
conditions, entry of new and stronger competitors, inadequate capital to
support our operations, projections of revenues and profitability for the
significant contracts and the inability to negotiate a favorable settlement
on the penalties. Readers are urged not to place undue reliance on these
forward-looking statements which speak only as of the date of this press
release. We undertake no obligation to revise or update any forward-looking
statements in order to reflect any event or circumstance that may arise
after the date of the press release.
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