FORT LAUDERDALE, Fla., April 13, 2009 (GLOBE NEWSWIRE) -- Information Architects Corp. (Pink Sheets:IACH) announced today that, effective April 15, 2009, William Craig, through a Consulting contract, will assume the role of Acting Chief Executive Officer (ACEO) as well as Acting Chairman of the Board of Directors. Steve Adelstein, who has been serving the Company as CEO and Director since September 16, 2008, will resign both positions as of this press release.
William Craig, ACEO, states, "It is now time for the shareholders to unite and help IA bring back shareholder value. We appreciate Steve's contribution to the company during his short tenure and for assisting us in positioning the company to undertake a new business strategy going forward." Craig will be bringing many professionals to help as officers, directors, auditors and legal aid to assist IA back on a fast track to profits and shareholder value.
Mr. Craig continued, "IA needs to look at individual's shares as an ownership position in IACH. As an owner, the individual can be part of the marketing of all of the new products of IACH. Inform friends, family, brokers, neighbors and co-workers about IA because networking is key. All owners should be communicating with everyone on their emails and phone books. Within the next 30 days, IA will be setting up a web site, which will request input for the company from all present and future shareholders. This web site is designed for many potential ideas. If an individual has a company or knows someone that does that would into the puzzle of IA, do not hesitate to leave suggestions on the message boards about it. All ideas will be welcomed. IA is concerned with what will benefit the company and what will help maintain shareholder value. IA encourages all shareholders to partake in the growth of the company, since they directly benefit from the success of the company. Furthermore, IA will set up an incentive program for those ideas that will help with the escalation of the 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.