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IA Global Increases Revenue Guidance

20 September 2004

BURLINGAME, California – (PRESS RELEASE) -- IA Global Inc. (Amex: IAO) announced that revenues would be $8,400,000-$9,000,000 for the 3rd quarter of 2004 at current exchange rates. Previous guidance released in our July 27, 2004 earnings press release was $7,000,000 to $8,000,000.

The company's CEO, Alan Margerison, said, "We are pleased to announce our increased revenue guidance for the 3rd quarter of 2004. Rex Tokyo had a stronger than expected quarter due to the opening of two new sales offices. The quarter ending September 30 is typically their lowest quarter due to reduced new store openings in Japan. We expect to release our results for the quarter ending September 30, 2004 in late October 2004."

IA Global, Inc. is a public holding company focused on acquiring Japanese and US companies that operate in the entertainment, media and technology areas. We hold a 60.5% equity interest in Rex Tokyo Ltd., a supplier and maintenance contractor of parts to the Pachinko and slot machine gaming industry in Japan. Through our 67% equity interest in Fan Club Entertainment Ltd., we provide advertising, publishing and data management services to the official Fan Club in Japan for Marvel Entertainment Inc. and Marvel Characters Inc. We hold a 95% equity interest in QuikCAT, a leading multi-media compression technology company, which has developed several patent video, picture and audio compression algorithms (codecs).

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