Attached files

                    LETTERHEAD OF IRON EAGLE GROUP, INC.

Company Contact:
Iron Eagle Group, Inc.
Mr. Jason M. Shapiro, CFA, CPA, J.D.
Chief Executive Officer
Phone:  +1 (917) 969-4845
Email: jasons@ironeaglegroup.com
Website: www.ironeaglegroup.com

FOR IMMEDIATE RELEASE

Iron Eagle Transfers Membership Interests of Delta and Announces
Increased Discussions with Multiple Acquisition Targets

NEW YORK, NY, September 26, 2011 (Marketwire) --- Iron Eagle Group, Inc.
(OTCQB:IEAG), a construction and contracting services provider in the
infrastructure, commercial, and government markets, today announced
that Bruce Bookbinder, the CEO and previous owner of Delta Mechanical
Contractors LLC ("Delta"), has reacquired 100% of the membership
interests of Delta from Iron Eagle.  Iron Eagle also announced that it
has had increased discussions with multiple high quality acquisition
targets focused on infrastructure construction.

Iron Eagle had a $9,000,000 Seller Note related to the acquisition of
Delta in January 2011 that was ultimately due on September 16, 2011.
Iron Eagle had planned to raise the capital to repay the Seller Note
through public and private markets.  Due to market conditions, Iron
Eagle was unable to raise the capital by the due date and Mr.
Bookbinder exercised his right to revert 100% of the membership
interests back to him which also simultaneously extinguished the
$9,000,000 Seller Note.  In the meantime, Iron Eagle, Mr. Bookbinder,
and private investors are in discussions regarding the reacquisition of
Delta by Iron Eagle.

Iron Eagle also announced that it has had increased discussions with
multiple high quality acquisition targets focused on infrastructure
construction. The management of Iron Eagle has reviewed and previously
worked with these companies for an average of over 5 years. Each of
these companies has over 5 years of profitability, strong audited
balance sheets, top tier management teams who want to stay for at least
4 years, and are key players in their region. The total revenue for
these companies is approximately $150,000,000 and $20,000,000 of EBITDA
for the twelve months ending December 2011.  This would be in addition
to the revenue and EBITDA provided by the potential reacquisition of
Delta.  These financial results are provided by the management of the
selling companies and are subject to additional due diligence.  Due to
confidentiality agreements, the names of the companies and terms of any
agreements have not been disclosed.   Note that there is no certainty
that Iron Eagle will close these acquisitions.




2

About Iron Eagle Group, Inc.
Iron Eagle is a leading infrastructure company dedicated to the
rebuilding of America's infrastructure.  Iron Eagle provides
construction and contracting services in both the commercial and
government markets. Iron Eagle's management consists of business
leaders in construction, government contracting, defense, finance,
operations, and business development. Management has a compelling
strategic plan to capitalize on the annual $100 billion market
opportunity in infrastructure construction created by government
spending at the federal, state, and municipal levels throughout the
United States. Through the experience and track records of its
management team, along with a strong and diversified balance sheet,
Iron Eagle believes it will have a major competitive advantage by being
able to provide higher levels of construction surety bonds to support
its infrastructure projects. Iron Eagle will further target additional
growth opportunities through the highly focused bidding of federal,
state, and municipal construction projects as well as working as a
subcontractor to some of the multi-billion dollar prime contractors in
the United States. Additionally, Iron Eagle expects to grow by making
accretive acquisitions in segments of its industry with large growth
potential.

For more information, please visit Iron Eagle's website at
www.ironeaglegroup.com.

Safe Harbor Statement

The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor" for forward-looking statements. Certain information included in
this press release contains statements that are forward-looking, such
as statements related to the future anticipated direction of the
industry, plans for future expansion, various business development
activities, planned or required capital expenditures, future funding
sources, anticipated sales growth, and potential contracts. Such
forward-looking information involves important risks and uncertainties
that could significantly affect anticipated results in the future and,
accordingly, such results may differ from those expressed in any
forward-looking statements made by, or on behalf of, the company. These
risks and uncertainties include, but are not limited to, those relating
to development and expansion activities, dependence on existing
management, financing activities, and domestic and global economic
conditions.