CAPE CORAL, Fla., June 25 /PRNewswire-FirstCall/ -- IAHL Corporation (OTC:IAHL.PK) today announced a mutual cancellation of the Thrush Aircraft acquisition. "Thrush Aircraft, Inc., has determined that it is not in our best interest to consummate the sale of its stock to IAHL. The increased demand for the Thrush Aircraft worldwide, and the production resources necessary to fill that demand, will not allow for Thrush or its facilities to be used for other product development. Thrush management and its employees wish IAHL the best in their pursuit of the development of the Integrity program," said William Larry Bays, President Thrush Aircraft, Inc. IAHL is still in the process of multiple negotiations pertaining to aviation related acquisitions/mergers both domestically and internationally in particular. The company is restricted from discussing these deals in depth by several non disclosure agreements at this time; however the company can discuss that these negotiations pertain to licensing agreements regarding certain proprietary technology and a major manufacturing facility abroad. IAHL also is currently in the processes of negotiating $60,000,000 (Sixty Million Dollars) of debt financing, from hedge funds, pension funds and private high net worth individuals. These funds will be in the form of a combination of Dollars and Euros, the company expects to have these funds available in the very near future. "The company needless to say is disappointed regarding the end result of the Thrush Aircraft acquisition, however this is just one of several acquisitions that the company has been working on and we will continue with our other projects and bring them to completion," said Mr. Peter Van Dyke, President, 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 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. DATASOURCE: IAHL Corporation CONTACT: Peter Van Dyke of IAHL Corporation, +1-239-277-3883

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