IAHL/ALTENESOL Corporate Update
04 Abril 2019 - 7:30AM
InvestorsHub NewsWire
IAHL/ALTENESOL Corporate
Update
ORLANDO, FL -- April
4, 2019 -- InvestorsHub NewsWire -- IAHL Corporation
(OTC:
IAHL) provides Corporate Update as follows:
The
IAHL/Altenesol team thanks its shareholders for their continued
support as we bring LNG to new markets in Colombia. We are
currently involved
in the three separate projects. Our engineering and logistical
phases are in place as we are now waiting for Global pricing to
facilitate the necessary margins
enabling
the Nataly 1 project to the market.
Project 1
Final
negotiations are under way
with one of Colombia's largest multi-billion-dollar oil and gas
providers servicing all aspects of Colombia's energy needs
including
power
generation. Our project will enable the conversion of their natural
gas to LNG and transport it to separate re-gasification
areas for their required application. This will replace the
pollutant bunker fuels and diesel used
is this application for power
generation. We already have trucking in line to fulfill 9
containers a day 360 days a year for a 10-year period.
Details
and agreed pricing will be released when the finalized off-take
contracts have been signed due to
non-disclosure agreements in place.
Project 2
Our
team is working diligently with several Government agencies to
bring final incentives to the Trucking
conglomerates and unions which will directly impact thousands of
trucks across Colombia. The project consists of converting freight
trucks from diesel to LNG and LCNG both supplied by Altenesol to
the market. There will be several smaller plants and
re-gasification
facilities required to service this contract. This will add
numerous revenue streams through the process of converting trucks
from diesel to natural gas. New natural gas trucks will also be
purchased from the cultivated relationships we have
formed
with producers of those products. Altenesol will be responsible for
logistical engineering and the construction of each conversion
facility located on the same land as each plant. Extreme pollution
issues in the major cities of Colombia have
prompted
the government to address this problem. The conditions have now
reached the level where trucking is restricted during certain times
of the day. The current Colombian Governmental Administration has
made this a priority for the advancement in
Clean-Energy
for
their country.
Project 3
Negotiations
are taking place with two of the largest infrastructure providers
of fuel distribution in Colombia to bring the LNG/LCNG option for
the mass transit arena. These conversions will directly impact
thousands of buses
both articulate and single to the government owned and country wide
transit systems which moves millions of people each year. The
necessity to replace the dirty fuels being used has already been
approved by the government and logistical plans to expand
and
redirect new and existing infrastructure is underway. Exact amounts
are being addressed due to the decision of how many buses are
brought into service in each phase of this extensive project. These
providers and the revenue streams will be released
when
the contractual obligations have been executed. The advantage we
have is all the engineering for plants and conversion facilities
are completed. We can adjust volumes up and down as needed to
differentiate for the number of buses
that
come on line.
The
board
has approved a significant repurchase of our common stock up to 5
million shares if we continue to trade at present levels. This will
happen when capital funding has been closed for each of our
projects and all investor obligations have been
satisfied.
We feel
that
this
year will bring the required cash flow and future projected
expansion to begin fully audited financial statements to the market
necessary for up listing. We have been approached by several fund
managers and stock information agencies eager
to become involved with us once those conditions are
met.
The
entire IAHL/ALTENESOL team thanks our investors and shareholders
for their support through a very challenging time in the energy
markets. Current economists we consult with believe the
global
market conditions are poised for a strong recovery due in part to
rising demand, lower supply levels and geopolitical conflicts in
which supply could be interrupted or terminated during this year.
Those factors will increase the price of oil and thus
assist
those companies with alternative solutions to meet those needs. We
feel we have positioned ourselves to take advantage of those
conditions. We intend to have more frequent updates to keep our
shareholders better informed as we move forward this
year.
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.
CONTACT: Info@altenesol.com
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