Published:
Information Architects Corporation Announces Current Company Status
On December 12, 2005 the NASD approved
Spartan Securities Group, Ltd.'s request for an unpriced quotation and on
December 22, 2005 for a priced quotation of Information Architects
Corporation's common stock (OTC BB: IACH) on OTCBB and the Pink Sheets,
allowed the company's common stock to be traded on the OTCBB Electronic
Bulletin Board.
On November 28, 2005, the Securities and Exchange Commission made final the
decision dismissing the administrative proceedings against IACH.
On November 13, 2005, IACH completed the asset acquisition agreement with
Petroleum Communication Holdings Inc. (OTC: PTLC), formerly known as AIT
Wireless (OTC: ATWL). IACH agreed to assign 51.5% of the James Thronburg
Oil and Gas Lease (See Form 8-K filed by the company on June 27, 2005) in
exchange for 500,000,000 shares of PTLC's common stock and 25,000,000
shares of preferred stock (See Form 8-K filed by the company on November
17, 2005. The board of directors of the company has decided to dividend
directly to IACH shareholders, a portion of the PTLC's stock received by
the company in this transaction.
"We have diligently completed the required SEC filings to have the
company's common stock again listed on the OTCBB while maintaining its core
business and taking advantage of several excellent opportunities that have
greatly increased the company's net assets," said Roland Breton, CEO.
The core business of IACH, through its product Perceptre, is the licensing
to its governmental, business to business, business to consumer and
commercial sector customers of its on-line, pre-employment screening,
background investigation software ordering system. The software consists of
the most well-respected user interface extant in the space for both ease of
use, breadth of information availability as well as speed and flexibility.
In short, Perceptre software has the fastest, least cost and best on-line
ordering system on the market for use by employers, or any other inquiring
entities. Perceptre software will review the records of anyone of interest
in many personnel arenas such as criminal records, civil court records,
motor vehicle records, and, of course, credit bureau records, to name just
a few.
Petroleum Communication Holdings, Inc. was founded in 1999 as AIT Wireless.
Petroleum Communication Holdings, Inc. has a passionate dedication to
quality products and services in both the oil drilling and the
telecommunications marketplaces.
'Safe Harbor' statement under the Private Securities Litigation Reform Act
of 1995: This release contains forward-looking statements that are subject
to risks and uncertainties, including, but not limited to, the impact of
competitive products and pricing, product demand and market acceptance, new
product development, reliance on key strategic alliances, availability of
raw materials, the regulatory environment, fluctuations in operating
results and other risks detailed from time to time in the company's filings
with the Securities and Exchange Commission.
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