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Jan08
Joint Press statement by the House of Investments and Ayala Corporation regarding the proposed merger of their Education Groups

iPeople, inc. ("iPeople"), the listed holding company for the education sector of House of Investments Inc., a member of the Yuchengco Group of Companies, and AC Education, Inc. ("AEI"), the wholly--owned education arm of Ayala Corporation, have executed a Non-­Binding term sheet for their potential merger.



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