|Source: Altenesol, LLC
Date: May 16, 2012 10:00 ET
|ORLANDO, Fla., May 16, 2012 (GLOBE NEWSWIRE) — IAHL Corporation (Other OTC:IAHL.PK) is pleased to announce its merger with TransCryogen, LLC (A cryogenics transportation and logistics company –www.transcryogen.com). TransCryogen and Altenesol have been working together as partners where TransCryogen supplied the transportation and logistics for the LNG to be produced by Altenesol’s Colombian plant. “Our companies have worked well together and complement each other. Joining together was the logical step, allowing us to give our customers broader products and services across our respective markets,” commented Stuart Jara CEO of TransCryogen (http://www.linkedin.com/in/stuartjara) who will join the IAHL Board-of-Directors. “The Colombia LNG project is one of the most compelling projects I’ve seen in my career and I am excited to be a part of it,” added Stuart. “Stuart brings a wealth of international corporate experience having run several businesses from mid-market size company to a $1 billion operation. We are very excited about what he brings to our team as we move to the LNG production phase of our operation. TransCryogen brings another substantial revenue stream to IAHL, which will add value and diversification for our shareholders,” said Nelson De La Nuez, CEO of IAHL. No dilution or changes to our share structure was needed to complete this transaction.
Mr. De La Nuez returned on April 26, 2012 from Colombia having multiple meetings with Colombian officials and the LNG off-take customers. “This was a very successful trip as the demand for our LNG far exceeds the 180,000 GPD plant capacity of Nataly 1(LNG Plant one). Meaning that Nataly 2 should follow quickly and the steps to make that a reality are already in motion. Our goal is to have 4 to 5 plants within the next 7 years,” concluded Nelson De La Nuez.
On April 24, 2012 Altenesol met with the Ministry of Mines and Energy (Dr. Tomas Gonzalez Estrada, Vice-minister of Energy) and again our project was praised for its keen ability to provide solutions that bring inexpensive energy to the market. “We are very pleased with the effort Altenesol is making in Colombia bringing such needed alternative form of Natural Gas which enhances the livelihood of the residents in rural areas. This creates a competitive solution to the high prices of Diesel while simultaneously eliminating the pollution issues from the heavy duty transport sector,” said Dr. Gonzales. Another topic of discussion during the meeting was a national LNG Peak-Shaving plan, which can offset any natural gas pipeline interruptions to all the major cities in Colombia.
We thank our investors for their continued support. An IAHL shareholder link will soon be established on altenesol.com with stock information in conjunction with future press releases. We are evaluating two higher level exchanges at this time in preparation for future uplist.
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.