IA Global, Inc. Announces Board Changes and CEO Appointment

IA Global, Inc. (NYSE AMEX US:IAO) announced today that it has reconstituted its Board of Directors and appointed a new Chief Executive Officer. On September 4, 2009, Jack A. Henry, Michael Garnreiter and Greg LeClaire were appointed to the Company’s Board of Directors, effective immediately and Brian Hoekstra, an existing director, was appointed as the new permanent Chief Executive Officer. Messrs. Henry, Garnreiter and LeClaire will serve on the Board until the Company’s 2009 Annual Meeting of Stockholders.

As part of the process of reforming the Company’s management structure, the Board also reconstituted its standing committees. To this end, each of Messrs. Henry, Garnreiter and LeClaire will serve on the Company’s Audit, Compensation and Nominating and Corporate Governance Committees. Mr. Garnreiter will chair the Audit Committee, Mr. LeClaire will chair the Compensation Committee and Mr. Henry will chair the Nominating and Corporate Governance Committee.

With the filing of the Company’s Annual Report on form 10-K with the Securities and Exchange Commission on September 3, 2009, the resignations of Masazumi Ishii and Derek Schneideman from the Board, as well as Mr. Schneideman’s resignation as CEO, have become effective. Mark Scott will continue as the Company’s Chief Financial Officer.

"With a newly invigorated management team, including the continuity provided by Mark Scott, a brand new board of directors, as well as investors that have committed financial support, the Company is poised to rebuild itself,” stated Brian Hoekstra, the Company’s new Chief Executive Officer. "Each of the new directors brings to bear significant experience in operating, overseeing and growing successful companies. Moreover, they possess skills and expertise, whether it be in accounting, finance or operations, of which management can avail itself and that will serve the Company and its investors well in our endeavor to rebuild this Company,” added Hoekstra.

Mr. Henry has served on the board of directors of White Electronic Designs corp. (NASDAQ: WEDC) since January 2004 and currently serves as the Chairman of its Audit Committee and is a member of its Compensation and Operations Review Committees. Mr. Henry has also served on the board of directors of Grand Canyon Education, Inc. (NASDAQ: LOPE) since November 2008 and currently serves as the Chairman of its Audit Committee. He also currently serves on the boards of directors of several private companies previously served on the boards of directors of four other public-reporting companies. Mr. Henry began his career with Arthur Andersen in 1966, and in 2000 retired as the managing partner of the Phoenix, Arizona office. He then formed Sierra Blanca Ventures LLC, a private investment and advisory firm. Additionally, he serves as President of the Arizona Chapter of the National Association of Corporate Directors. Mr. Henry holds a Bachelor’s degree in Business Administration and a Master’s degree in Business Administration from the University of Michigan.

Mr. Garnreiter is currently President of Rising Sun Restaurant Group, L.L.C., a private restaurant operating company and has held that position since August 2006. From April 2002 through June 2006, Mr. Garnreiter was Executive Vice President, Treasurer, and Chief Financial Officer of the Main Street Restaurant Group. Mr. Garnreiter is a director of Taser International (NASDAQ: TASR), Knight Transportation Inc. (NYSE: KNX) and Amtech Systems (NASDAQ: ASYS). Mr. Garnreiter previously served as a general partner of the international accounting firm of Arthur Andersen from 1974 through March 2002. Mr. Garnreiter holds a B.S. degree in accounting from California State University at Long Beach and is a Certified Public Accountant.

Mr. LeClaire has served as a director and Audit Committee Chairman of LiveDeal, Inc. (NASDAQ: LIVE) since May 2008. He also currently serves as a financial, operational and strategic development consultant in the technology sector. Mr. LeClaire was Chief Financial Officer and Corporate Secretary of ClearOne Communications, Inc. (NASDAQ: CLRO), a manufacturer and marketer of audio conferencing and related products from September 2006 to May 2009. From April 2006 until August 2006, Mr. LeClaire served as Vice President – Finance and Administration for LiveDeal, Inc., a private Internet classifieds company that LiveDeal, Inc., the public company, acquired in 2007. Prior to that, Mr. LeClaire was Vice President and Chief Financial Officer of Utah Medical Products, Inc. (NASDAQ: UTMD), a multi-national medical device corporation. Mr. LeClaire has significant experience in the areas of finance and accounting, SEC reporting, Sarbanes-Oxley compliance, budgeting and financial management. He holds a Master of Science degree in management from Stanford University’s Graduate School of Business and a Bachelor of Science degree in accounting from the University of Utah.

Mr. Hoekstra has more than 27 years of professional experience including corporate management, strategic planning and business development, as well as extensive technical expertise in lasers, optics, solar, and materials processing. For the past 10 years, he was the CEO of Applied Photonics, Inc., a leading laser solutions provider for the flat panel display industry with an installation base located primarily in Asia. From February 1998 until September 1999, Mr. Hoekstra was Vice President of Technology at Accudyne Corporation. From 1992 until 1998, he held various corporate positions specializing in marketing, technology transfer, and commercialization. From 1986 until 1992, he was the Deputy Director of a NASA Commercial Center. From 1983 until 1986, then Captain Hoekstra was a leading researcher at the Air Force Materials Laboratory at Wright Patterson AFB. Mr. Hoekstra graduated from Illinois Institute of Technology with a bachelor’s degree in physics in 1981. He has been an independent director of Amtech Systems, Inc. (NASDAQ: ASYS) since February 19, 2007.

About IA Global, Inc.

IA Global, Inc. ("IA Global”) is a Business Process Outsourcing ("BPO”) and Financial Services corporation targeting the B2B and B2C markets in the Asia Region, the US and Australia. The Company is seeking to expand its investments in the BPO, B2B and Financial services sectors. In Japan, IA Global is 100% owner, except as disclosed, of Global Hotline, Inc., a BPO organization, operating several major call centers providing primarily outbound telemarketing services for telecommunications and insurance products. In the Philippines, IA Global operates as Global Hotline Philippines Inc., a BPO organization, providing inbound and outbound telemarketing services, and collocation facilities to a variety of industries. In the Asia region, the Company has equity investments of 20.25% in Slate Consulting Co Ltd. and 12.6% in Taicom Securities Co. Ltd., except as disclosed.

For further information, contact:
Investor Relations
IA Global, Inc.
101 California Street, Suite 2450
San Francisco, CA 94111
415-946-8828 (t)
415-946-8801 (f)
ir@iaglobalinc.com
www.iaglobalinc.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains 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) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and the statements are based on facts and factors as we currently know them. Forward-looking statements are subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be beyond the control of IA Global. Specifically, we are exposed to various risks related to legal claims, our need for additional financing, our level of indebtedness, our NYSE AMEX listing, our investment in Taicom Securities Co Ltd., declining economic conditions, our Global Hotline business, our controlling shareholder groups, the sale of significant numbers of our shares and a volatile market price for our common stock. Readers are urged not to place undue reliance on these forward-looking statements which speak only as of the date of this press release. We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.