Item 2.01 Completion of Acquisition or Disposition of Assets

IA Global, Inc. (the "Company" or "IAO") announced that it sold its 25.0% interest in GPlus Media Co Ltd ("GPlus") to the management of GPlus on March 6, 2009. The company received approximately $75,000 and expects to report an operating loss of $40,000 and a loss on sale of $1,280,000 during the three months ended March 31, 2009.

A copy of the Amendment to Share Exchange Agreement dated March 6, 2009 is filed hereto as Exhibit 2.1 and is incorporated herein by reference.

Item 8.01 Other Business

IA Global Inc. (the "Company" or "IAO") announced a revised Golden Century Wealth Investment (HK) Ltd ("GCWI") offer to acquire 51% or more of the outstanding stock of the Company at $0.20 per share that was received March 5, 2009. The revised structure includes (i) a loan of 100 million Yen or approximately $1 million at current exchange rates by March 16, 2009; (ii) a preferred stock equity investment by April 24, 2009, of 300 million Yen or approximately $3 million at current exchange rates, which is convertible into common stock at $.20 per share; and (iii) the merger of ZRD and BS-HD, operating entities of GCWI, into IA Global on an agreed DCF valuation. The offer date anticipates the signing of contracts by April 30, 2009 and is contingent on the completion of due diligence, signing of contracts and the closing of financing by April 30, 2009. GCWI has retained US counsel for this transaction.

A copy of the press release, dated March 11, 2009, announcing the revised GWCI acquisition offer is attached hereto as Exhibit 99.1 and incorporated by reference herein.