IA Global's (IAO) CEO Makes Comments at Annual Shareholder Meeting

July 10, 2007 8:53 AM EDT

IA Global, Inc. (Amex: IAO) released the remarks from Derek Schneideman, IA Global\'s Chief Executive Officer, that were made at the company\'s annual shareholder meeting held on June 29, 2007.

"We are very pleased with the progress that the company is making and hold optimistic expectations for the future. We a confident in reconfirming our earlier forecast of a greater than 100% increase in revenues during this fiscal year and we draw shareholders\' attention to the fact that the forecasted revenues do not include any incremental revenues that may accrue from acquisitions.

2007 will be a growth year for IA Global Inc.; while we may sacrifice some degree of profitability we strongly believe that our growth strategy will position the company for impressive gains in 2008.

The additions to our board of directors indicate that the company has created a sufficiently extensive series of acquisitions and is now pre- positioning the operational expertise needed to assimilate new businesses, revenue streams and mergers into our overall corporate model. We are transitioning from a good, albeit, relatively small company into a great company. Our goal to be a billion dollar market cap company before 2010 remains our principal focus."

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