ORLANDO, Fla., May 21, 2014 (GLOBE NEWSWIRE) -- IAHL Corporation (Other OTC: IAHL) is pleased to announce that its subsidiary, Altenesol LLC, has selected AMCS Corporation (AMCSCORP.com) as the Lump Sum Turnkey (LSTK) Equipment Procurement and Construction (EPC) plant supplier for its 180,000 gallon per day Nataly 1 Liquefied Natural Gas (LNG) Plant in El Viajano, Colombia. AMCS is a global supplier of industrial gases and process plants, providing technology, equipment and engineering services. AMCS has successfully executed turn-key projects in North America, Europe, the Far East, the Middle East, Australia-New Zealand and more importantly South America, with considerable experience in Colombia. The AMCS team is comprised of a diverse and experienced group of engineering professionals holding many key technology patents. They are recognized as industry experts with hundreds of years of combined experience. Their track record of success draws from their core competencies and fundamental abilities which include:
AMCS engineers have patented a number of process designs for the process industries, LNG, and industrial gas manufacturing plants. Their engineers have created many innovations in cryogenic process technologies. These engineers enable AMCS to provide the most cost effective and highly customized plant solutions for its clients.
"AMCS is proud to be an integral part of this landmark project, which combines a number of process technologies in addition to its power island design requirement. We look forward to a mutually beneficial relationship. We see an increasing global demand for small to medium scale LNG plants, and AMCS, with its innovative LNG plant technology, is well positioned in this market," said Ishmael Chalabi, CEO of AMCS.
Stuart Jara, company executive, commented, "Altenesol has established itself as the LNG leader in Colombia and the surrounding areas. I am pleased to be an integral part of the process to ensure the right plant LSTK EPC partners were considered and the right partner was selected. AMCS has the right technology, the right experience, and shares the same vision which makes them the right partner for the project."
"Having AMCS become part of this venture solidifies the strength of our project both for the company and our investors. Stuart Jara's efforts provided an excellent bridge between our companies and their visions for the project. We are excited to move forward and execute the project with AMCS at our side. Nataly I total volume ten year take-or-pay commitments are moving forward to contractual stages from memorandum of understanding (MOU) stages. We are now processing and discussing indications of interest for an additional 180 thousand gallons per day," said Nelson De La Nuez, CEO of Altenesol/IAHL.
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. Certain information included in this press release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect. Although IAHL believes that the expectations reflected in such forward-looking information is reasonable, undue reliance should not be placed on forward-looking information because IAHL can give no assurance that such expectations will prove to be correct.