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TAMPA, Fla., Dec. 20 /PRNewswire-FirstCall/ -- IA Global Inc. (Amex: IAO)
announced projected revenues of $12-$15 million for the three months ended
December 31, 2005 at current exchange rates as compared to $11,802,000 for the
same period in 2004. Sales for 2005 are projected at $43.2-$46.2 million at
current exchange rates as compared to $31,550,000 for the same period in 2004.
The companys President, Mark Scott, said, "We are pleased to announce
that Global Hotline had a strong fourth quarter. The acquisition of Global
Hotline closed June 15, 2005 and this is our second full quarter with their
results. Rex Tokyo was impacted by order delays from its major customer and
lower than expected sales. In addition, overall sales were impacted by 6.1%
due to the exchange rates during the quarter."
We expect to release our results for the three months ended and year ended
December 31, 2005 by March 31, 2006.
About IA Global Inc.
IA Global, Inc. is a public holding company focused on acquiring primarily
Japanese companies that operate in the gaming, entertainment and technology
areas. We own 60.5% equity interest in Rex Tokyo Co Ltd, which is a supplier
and installer of parts to the Pachinko and slot machine gaming industry in
Japan. Rex Tokyo supplies items such as automatic medal dispensing machines,
automatic cigarette butt disposal systems, Pachinko balls and other Pachinko
accessory products as well as numerous new Pachinko and slot machines. We own
100% of Global Hotline, Inc., which operates call centers and is a reseller of
telephone and broadband lines in Japan.
For further information, contact:
Mark Scott, President and CFO
IA Global Inc.
550 N. Reo Street, Suite 300
Tampa, FL 33609
813-261-5157 (t)
813-261-5158 (f)
scott@iaglobalinc.com
http://www.iaglobalinc.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: This press release contains 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) regarding us and our business, financial
condition, results of operations and prospects. Forward-looking statements in
this report reflect the good faith judgment of our management and the
statements are based on facts and factors as we currently know them.
Specifically, the statements in this press release concerning the projected
revenues for the three months and year ended December 31, 2005 are forward-
looking statements. Forward-looking statements are subject to risks and
uncertainties and actual results and outcomes may differ materially from the
results and outcomes discussed in the forward-looking statements. Readers are
urged not to place undue reliance on these forward-looking statements which
speak only as of the date of this press release. We undertake no obligation to
revise or update any forward-looking statements in order to reflect any event
or circumstance that may arise after the date of the press release.
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