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Our Mission
We are a global services company. We have historically had a strong presence in the Pacific Rim region and a dedicated focus on leveraging our existing business with complementary opportunities through a merger and acquisition strategy. Our mission is to identify and invest in business opportunities, apply our skills and resources to nurture and enhance the performance of those businesses across key business metrics, and to deliver accelerating shareholder value.
We plan to acquire or invest in growth and commodity businesses in the service, technology and energy sectors, including oil & gas, solar, and other energy markets at discounted prices. We expect to focus on growth opportunities with businesses that require improvements in management, financial processes and liquidity to be successful. We expect to focus on sectors that would benefit from the infrastructure and business processes of IA Global. In addition, we expect to leverage our Asian presence with US-based companies and investors seeking to expand their Asian presence.
On December 8, 2009, the Company deconsolidated the operations of Global Hotline, effective as of July 1, 2009. As a result, the Company accounted for Global Hotline as a discontinued operation for periods ending after July 1, 2009. Our reported net profit (loss) will improve by $10.1 million for the nine months ended December 31, 2009 and our stockholders’ deficit as of December 31, 2009 will decrease by $10.1 million as a result of recording the deferred gain from the forfeiture of Global Hotline operations that was recorded during the three months ended September 30, 2009.
Business Process Outsourcing
In the Philippines, we acquired 100% of Shift Resources Inc. on April 10, 2008 and Asia Premier Executive Suites Inc. on May 27, 2008, multi-service call center operations that have now been merged into a single company operating as Global Hotline Philippines.
To view the Global Hotline Philippines website, Click
Here
Proposed Korean VC Investment
On December 18, 2009, the Company received an investment of 200 million Yen, or approximately $2.2 million at current exchange rates, from the Inter Asset Japan LBO No. 1 Fund. The Company has tentatively allocated $2.0 million of the investment to establish a venture capital fund in South Korea, and it expects to use the remaining $0.2 million for working capital purposes. The Company's $2.0 million will be part of a larger, Korean government-backed venture fund that is expected to raise approximately $30 million in its first round of financing by early 2010. TOZAI Holdings Inc. ("TOZAI"), a company traded on the Korean Kosdaq stock market under the symbol "037700" with successful experience in investing in high-technology ventures in Korea, is facilitating the Korean government licensing and funding.
The venture fund is expected to facilitate high-tech manufacturing of solar, LCD, and touch panels in Korea. This is the Company's first step toward strengthening its position in global technical, financial, energy, and commodity markets. TOZAI and the Company intend to partner to build a solid foundation that utilizes the low-cost, highly skilled technology base in Korea to capture emerging business opportunities worldwide.
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