FORT LAUDERDALE, Fla., Jan. 5, 2012 /PRNewswire/ — Information Architects Corporation (OTC:QB:IACH) Following on the completion of the acquisition of Pan American Fund, LLC the Board of Directors has appointed Peter M. Burgess as Director and CEO of Information Architects Corporation. Mr. Burgess brings over 30 years of experience and skills in all aspects of real estate investment, development, construction, sales and marketing, property management and commercial mortgages. In addition, Mr. Burgess is extremely well versed in accounting and transaction structuring and has been involved in closing over $100,000,000 of construction loans.
Mr. Burgess serves as Chairman/EVP/COO/Fund Manager of Wellesley Asset Secured Portfolio, Inc., a real estate investment fund formed to acquire distressed bank notes and mortgages. The fund specializes in restructuring the notes and selling them into the secondary market realizing an immediate arbitrage. Mr. Burgess is responsible for all day-to-day operations of the fund and under his leadership the fund has had an uninterrupted history of consistent payments to participants. The Pan American Fund, LLC was acquired by IACH from Wellesley Asset Secured Portfolio, Inc.
“Mr. Burgess’ experience and keen knowledge of the business of Pan American Fund with its successful history is the perfect addition to round out the acquisition of Pan American Fund by IACH. His proven record of building a solid foundation and developing assets is the right combination to propel the success of IACH moving forward,” stated Roland Breton President of IACH.
Information Architects Corp. (IACH) is a worldwide Marketing and Distribution company developing and pursuing a plan to contract, acquire and develop business involving real estate financial commercial portfolios.
“Forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Information Architects Corporation disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies, and the purchasing activity or lack thereof by registered web mall members.
SOURCE Information Architects Corporation