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Altenesol LLC Selects AMCS Corporation

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AMCS Corporation

135 Rte. 202-206, Bedminster, NJ, 07921, USA

Original Press Release

Altenesol LLC Selects AMCS Corporation

Press release date: May 21, 2014

ORLANDO, Fla. — IAHL Corporation (Other OTC: IAHL) is pleased to announce that its subsidiary, Altenesol LLC, has selected AMCS Corporation (AMCSCORP.com) as the Lump Sum Turnkey (LSTK) Equipment Procurement and Construction (EPC) plant supplier for its 180,000 gallon per day Nataly 1 Liquefied Natural Gas (LNG) Plant in El Viajano, Colombia. AMCS is a global supplier of industrial gases and process plants, providing technology, equipment and engineering services. AMCS has successfully executed turn-key projects in North America, Europe, the Far East, the Middle East, Australia-New Zealand and more importantly South America, with considerable experience in Colombia. The AMCS team is comprised of a diverse and experienced group of engineering professionals holding many key technology patents. They are recognized as industry experts with hundreds of years of combined experience. Their track record of success draws from their core competencies and fundamental abilities which include:

• Global Reach. Proven, demonstrated ability to execute projects anywhere in the world with an installed project base covering 30+ countries.
• End-to-End Project Management. From concept through commissioning, each project is managed by time-lines, budgets, and project priorities.
• Design Innovation. Ability to conceptualize, design, engineer, and tailor solutions to meet specific customer requirements.
• Solution Focused. Supporting customers with project focused teams experienced in the planning, design, engineering, and management of projects and facilities. Each project is executed to maximize plant profitability.

AMCS engineers have patented a number of process designs for the process industries, LNG, and industrial gas manufacturing plants. Their engineers have created many innovations in cryogenic process technologies. These engineers enable AMCS to provide the most cost effective and highly customized plant solutions for its clients.

"AMCS is proud to be an integral part of this landmark project, which combines a number of process technologies in addition to its power island design requirement. We look forward to a mutually beneficial relationship. We see an increasing global demand for small to medium scale LNG plants, and AMCS, with its innovative LNG plant technology, is well positioned in this market," said Ishmael Chalabi, CEO of AMCS.

Stuart Jara, company executive, commented, "Altenesol has established itself as the LNG leader in Colombia and the surrounding areas. I am pleased to be an integral part of the process to ensure the right plant LSTK EPC partners were considered and the right partner was selected. AMCS has the right technology, the right experience, and shares the same vision which makes them the right partner for the project."

"Having AMCS become part of this venture solidifies the strength of our project both for the company and our investors. Stuart Jara's efforts provided an excellent bridge between our companies and their visions for the project. We are excited to move forward and execute the project with AMCS at our side. Nataly I total volume ten year take-or-pay commitments are moving forward to contractual stages from memorandum of understanding (MOU) stages. We are now processing and discussing indications of interest for an additional 180 thousand gallons per day," said Nelson De La Nuez, CEO of Altenesol/IAHL.

Contact:
Info@altenesol.com

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