Item 8.01 Other Business

On April 9, 2009, IA Global Inc. (the "Company" or "IAO") announced that the loan of 100 million Yen or approximately $1 million at current exchange rates that was due by March 16, 2009 has not been paid by Golden Century Wealth Investment (HK) Ltd ("GCWI"). The offer date expires April 30, 2009.

On March 2, 2009, the Company announced a revised 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 included (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 discounted cash flow 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.