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IAS COMMUNICATIONS, INC. ACQUIRES AN INTEREST IN TWO PRODUCING OIL AND GAS WELLS IN TEXAS
For Immediate Release: April 7, 2005. Vancouver, BC - IAS Communications, Inc. (OTC BB: IASCA) is pleased to announce it has agreed to purchase an interest in two small producing oil and gas wells in Burleson County, Texas from a private company. The consideration will be 1,000,000 shares of IAS Communications. One of the wells has a working interest of 6.65% and the other has a working interest of 15.5%. The wells are operated by Anadarko Petroleum Corporation, which is one of the largest independent oil and gas exploration and production companies in the world.
IAS Communications, Inc. is currently seeking to acquire additional oil and gas interests in North America.
ON BEHALF OF THE BOARD OF DIRECTORS
"John Robertson"
John Robertson
President
Contacts: IAS Communications, Inc.
John Robertson, 1-800-665-4616
Statements in this press release regarding IAS Communications, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including the impact of competitive products and pricing, the need to raise additional capital, uncertain markets for the Company's products and services, the Company's dependence on third parties and licensing/service supply agreements, and the ability of competitors to license the same technologies as the Company or develop or license other functionally equivalent technologies.
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