Science & Technology
Science and Technology
Science and Technology
Tue, September 1, 2009
Mon, August 31, 2009 Information Architects: Information Architects Signs Letter of Intent to Acquire CVGV Inc. and Their Product "TIMERKING,&q
FORT LAUDERDALE, FL--(Marketwire - August 31, 2009) - Information Architects Corp. (
TIMERKING offers the next generation of GREEN ENERGY SOLUTIONS to the Pizza and restaurant industries. The TIMERKING is a energy solution that has qualified for the New York State Utility Energy Efficiency Rebate Program, which is a program used to significantly reduce the natural gas usage. Clinton Edwards, President of CVCG, states that there are more than 10,000 restaurants in the Long Island, New York area alone that would qualify for this rebate program. At this time, we have a $1,000 per system rebate and a first time total rebate total of $2,000,000. TIMERKING is also in the process of applying and qualifying for the National Energy Efficiency Rebate Program.
William Craig, ACEO, states that with the millions of Restaurants and Pizza ovens that this acquisition will be utilized for the numbers fall off the chart. We are also speeding ahead with many other new and exciting acquisitions and Partnerships. IA is exploring the many other green solutions as to the TIMERKING in other industries. We all welcome Clinton Edwards as he brings IA the experience needed to move ahead to qualify for the national energy saving programs for its other Green products. The Shareholders of IACH can rest assured that there are some very exciting press releases coming in the very near future. We are exploring many new options in order to use our huge Loss Carry Forwards, owned patents and technologies.
Upon the completion/execution of the definitive agreements and customary closing arrangements, the parties management will release the details of the acquisition.
Nicole Craig, VP, states this will be the next step into a new and broad future for IAGreen and its Owners. We are daily being presented with many new opportunities and new ventures for IA. In today's economy business is far less predictable and many of the old financial models are simply not relevant to what works now. Even the richest companies are currently struggling to reinvent themselves in an effort to create viable, sustainable forward motion. It seems clear that a well structured small company with strong support from already vested stockholders and a trained eye for emerging technology could rapidly consolidate existing opportunities into real value. Some leading "technologists" predict that next ten years will have more positive impact on the Global economy than the last "Industrial Revolution" times 10. Information Architects is positioned to be a profitable part of the "Change Wave" that is already upon us all.
"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.
