CNC Development Ltd. (”CNC” or the “Company”) (OTCBB: CDLVE) (OTCBB: CDLKE) (OTCBB: CDLWE) (fka InterAmerican Acquisition Group Inc.) announced today that all shareholders of Sing Kung Ltd. who were not parties to the stock purchase agreement have subscribed to the exchange offer for CNC shares. As a result, CNC owns 100% of the equity of Sing Kung.

Changes to Board of Directors

Following CNC’s acceptance of the shares tendered in the exchange offer, a requisite majority of CNC Preferred shareholders acted by written resolution to appoint two new members to CNC’s board of directors:

Steven Klein. Mr. Klein is a Partner with Apple Core Holdings, a privately held investment company. Mr. Klein also holds the position of Chief Executive Officer for Apple Core Hotels, a chain of hotels in mid-town Manhattan controlled by Apple Core Holdings. Mr. Klein also serves on the boards of directors of other Apple Core Holdings investments and currently holds two such directorships with Jumpnode Systems, LLC and Meaningful Machines IP, LLC. He is the producer of the movie version of the Broadway play, Passing Strange. Prior to joining Apple Core Holdings Mr. Klein was employed as an attorney practicing tax law at Skadden, Arps, Meagher and Flom LLP. Mr. Klein holds a J.D. from Boston University and a Masters degree in tax law from New York University.

David Miller. Mr. Miller is a Partner with Apple Core Holdings, a privately held investment company. Mr. Miller also holds the position of Corporate Counsel and Chief Financial Officer for Apple Core Hotels. Mr. Miller also serves on the boards of directors of other Apple Core Holdings investments and currently holds two such directorships with Jumpnode Systems, LLC and Meaningful Machines IP, LLC. Prior to joining Apple Core, Mr. Miller was employed as an attorney practicing corporate and transactional law at Williams, Caliri, Miller and Otley LLP, a firm specializing in representing financial services clients. He received a B.S. in Economics from Wharton School of Business at the University of Pennsylvania and a J.D. from Duke University.

Mr. Klein and Mr. Miller were also designated as Class A Preferred Directors together with two continuing Directors, William Morro and Daniel Beharry.

Richard M. Wolfson and Dr. Hermino A. Blanco Mendoza resigned as CNC Directors, creating two Directorship vacancies that were filled by the appointments of Mr. Klein and Mr. Miller.

“We greatly appreciate the service of Mr. Wolfson and Dr. Blanco Mendoza,” said Mr. William Morro, Interim Chief Executive Officer of CNC. “We thank them for continuing to serve as board members until the exchange offer was concluded and replacement Directors were identified and designated by the Class A Preferred shareholders.”

Business Acquisition Program

Effective immediately, CNC has commenced a new business acquisition agenda. The Company is seeking to identify and acquire one or more profitable businesses with enterprise values ranging from $100 million to $500 million and is open to considering acquisitions domiciled outside of China that are not involved in the infrastructure or construction sectors.

Mr. Morro added, “Projected returns on private capital investments in the infrastructure and construction sectors in China appear to have been dramatically reduced due to the recent increase in liquidity in the China market. As a result, we have decided to expand our investment focus to other lines of business. Given the current conditions in the global credit markets, particularly for middle-market companies, we believe that CNC’s potential to access public equity for a newly acquired business could benefit both an acquired business and CNC shareholders.”

Trading Symbols

CNC also wishes to alert shareholders to the change in the trading symbols for its securities that was initiated by FINRA in November:

-- Common shares:               CDLVE
-- Class A Preferred shares:    CDLKE
-- Warrants                     CDLWE

CNC’s shares are quoted on the OTCBB. A complete description of CNC’s securities is available in the Company’s Proxy Statement/Prospectus dated August 7, 2009, and in its subsequent public filings available on the SEC website at: http://www.sec.gov.

About CNC

CNC, registered in the British Virgin Islands, has one operating subsidiary headquartered in Shanghai, P.R.C. that forms and leads consortiums to deliver comprehensive city planning and infrastructure build-outs to selected municipalities throughout China. The Company’s “Build-Transfer” business model allows local governments to overcome financial and project management constraints and to quickly unlock economic development potential and property value. In addition to supporting its clients with municipal development strategies, detailed planning and fully-financed project implementation, the Company also offers municipal government leaders support in obtaining long-term replacement financing and later-phase commercialization and project marketing. CNC’s principal corporate offices are located at 970 Dalian Rd, Suite 909, Shanghai 200092 P.R.C. The address of CNC’s U.S. agent, WHI, Inc. is 410 South Michigan Ave., Suite 620, Chicago, IL 60605. Additional information about CNC is available on the company’s website: http://www.cncdev.com or in IAG’s and CNC’s public filings, available from the SEC website: http://www.sec.gov.

Forward-looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The parties may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements, and investors should not place undue reliance on the forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements made by the parties. CNC assumes no obligation to update the information contained in this press release.

Company Contact:
Mr. William C. Morro
CEO
CNC Development Ltd.
Phone: +1-312-957-4172
Email: wmorro@interamerican-group.com
www.cncdev.com
Investor Relations Contact:
Mr. Crocker Coulson
President
CCG Investor Relations
Phone: +1-646-213-1915 (NY Office)
Email: crocker.coulson@ccgir.com
http://money.cnn.com/news/newsfeeds/articles/marketwire/0571774.htm

Designed to address the needs of complex turning and milling machines for job shops, the Sinumerik 828D combines CNC, PLC, operator panel and axis control for six CNC measurement circuits in a single robust operator panel. Offering intelligent kinematic transformations, an efficient tool management system and 80-bit floating point nano precision, the new control provides performance features previously reserved for the premium CNC control segment.

“The 828D is a new control platform focused on compact class CNC machines, says Jon Cruthers, manager of business development for Siemens. It is used in milling applications up to six axes, and turning applications up to eight axes while also supporting live tooling.”

Cruthers says that to bring advanced features to this compact class machine tool, they have added support for multiple CNC programming methodologies. Along with traditional G Code and ISO code programming, the unit also supports the more intuitive, graphical style programming with Siemens’ ShopMill or ShopTurn graphical workstep programming systems. Any of the programming options can be used interchangeably on a common HMI.

“It gives the user flexibility to program in a format they are used to programming or in a new way which can provide more simplicity and ease of use,” he says.

One capability is Advanced Surface which allows users to do advanced mold and die applications on a simple three-axis milling machine. Advanced Surface provides better surface quality, higher machining speeds and optimizes the drives and control of the tool to achieve an advanced surface finish easily on a mid-range machine.

In addition, 80-bit floating point nano precision provides highly accurate position and speed control, features typically reserved for the higher end CNCs to achieve that level of accuracy.

CNC simulations are also provided, so the user can run a part program in simulation mode on the CNC to get a full 3-D view. Users can zoom in on the part, and it allows the operator to estimate machining time prior to running the part.

One capability that Cruthers says is of great interest is called Animated Elements which creates short movie-like sequences instead of static bitmaps to show what a particular operation, whether it’s a drilling operation or type of motion path, will look like. The movie sequence helps the user see what they have programmed prior to the actual machining of the part.

Another unique feature is Easy Message, which provides the capability to send simple text messages through a GSM modem supplied by Siemens and to any number of users on machine states, tool data, alarms and production states. The feature, for example, enables an operator or job shop manager to set-up a part to run, and when the part is complete, receive a pre-defined text message.

“Many of these features are unique to the 828D,” says Cruthers. “We see that many job shops are moving up into more complex five-axis style machining and are starting to take on more complex machining tasks. This allows an operator that has been working on a very simple three-axis machine to easily move into more complex machining tasks without having to learn a whole new way of machining parts.”

The Sinumerik 828D from Siemens reflects a move to more advanced software features on compact class CNCs.

http://www.designnews.com/article/390770-New_Compact_Class_CNCs.php

MasterControls Inc (MCI) has announced the use of NUM CNC’s circuit boards to retrofit a Gleason 782 gear hobber and continue precision engineering duties long after the original controls became impractical and unreliable.

Jeff Petry, the president of MCI, explained that the organisation selected NUM breakout boards in the new sub-panel to make it easy to restore the machine at a fraction of the cost of replacing the CNC machine tool, which creates a large customer base for the organisation.

He said: “In fact, much to our customer’s satisfaction, we were able to remove all the obsolete control hardware and complete the wiring stages of the installation - including the sub-panel, CNC control, new operator’s panel and the magnetic cabinet - in just over three days.”

Mr Petry added that the overall result was very clean, making it much easier for future maintenance as well.

Earlier this month, NUMcut displayed its toolhead designs at the EMO show in Milan, which promoted the latest advancements in CNC lathes, milling machines and turning centres.

http://www.machinetooldirect.co.uk/machine-tool-news/NUM-CNC-helps-restore-Gleason-gear-hobber-2009-10-.asp

Mainland China –  Dongguan Hengye Machinery Fty offers model HY-W-JH, a quilting machine that supports 360- and 180-degree multispan and independent patterns suitable for use in mattresses, bed covers and sheets, and other household decoration and ornaments. The model’s needle bar and press plate are connected by a camber-free double-swinging device that requires no lubrication or grease, which may soil the quilting materials. It supports CAD-designed patterns and CNC operation for accurate measurements.

The product quilts 2,485×80mm patterns at a speed of 60 to 230m/h. Its main shaft operates at 200 to 980rpm. It moves on the x-axis at distances within 450mm, with 3 to 8mm-long steps. The spacing between needles is 25.4mm, while space between needle rows are 50.8, 76.2 127 and 152.4mm. It uses 24/180, 23/160, 22/140 and 21/130in needles. It runs on 380V, 50Hz or 220V, 60Hz power supply and consumes 7kW of power.

The CE-certified machine measures 4,800×1,600×2,000mm and weighs 4,500kg.

The minimum order is one set, priced at $41,000. Delivery takes 30 days.

http://www.hardware.globalsources.com/gsol/I/Quilting-machine/a/9000000105264.htm

The fact that for MACH 2010 Ward CNC has booked its largest ever stand – a massive 500 m2 – is the latest indication from the Sheffield-based machine tool specialist that, despite what the national media tells us, it is not doom and gloom throughout every manufacturing sector.

Its commitment to next year’s machine tool show is based on a strong order book, an enhanced product range (the recent announcement of its exclusive UK and Ireland distributorship for Hyundai-Kia), expanding sales and service teams, as well as continual investment in its enterprise-wide IT systems.

According to managing director, Simon Whitworth: “Yes, employment has breached two million and, yes, the automotive sector and its supply chain, for example, is struggling. But there is still plenty of good news throughout manufacturing – our order book is proof of that!

“It is clear that Great Britain Ltd. is populated by an army of skilled machinists, who mostly have adopted modern machining technologies and established a niche in complex, small batch machining that is world class in terms of consistent quality and cost-effectiveness for customers in, for instance, the aerospace, medical, motor sport and oil and gas sectors.

“The pressures are relentless on the manufacturing sector – material prices, business rates and health & safety (no win, no fee compensation claims have surely affected us all?).”

Firmly believing that, despite the [worst] efforts of the bankers, companies that are good at what they do will survive, and will continue to prosper, he adds:

“Companies that continually invest in the best equipment they can afford to enable them to produce high-quality parts at the right price are the ones with long-term aspirations – they always have been.

“That’s why Ward CNC continually invests in its future, and in the future of our customers. Our commitment to next year’s MACH is just one part of that. Besides, we’ll need every inch of that expansive stand to adequately display a decent representation of the wide range of machines we offer!”

About Ward CNC
Ward CNC (T.W.Ward CNC Machinery Ltd.), the Ward Plant and Machinery Group, boasts 100 years of tradition, experience and reputation in the supply of new CNC machine tools, high-quality used machine tools, remanufactured and retrofitted CNC machine tools, as well as machine servicing and laser calibration services.

http://www.machinetoolsonline.com/article.mvc/Ward-CNC-Continues-To-Invest-In-Its-Future-0001?VNETCOOKIE=NO

The machine tool seems to have taken backseat these days in the world of prototyping, research, and product development.
The latest solutions in rapid prototyping (RP) certainly have their place - delivering a quick facsimile can really help to sell a design and get marketing people motivated.

Tormach’s PCNC 1100 takes CNC out of the machine shop and gives designers and engineers the ability to prototype with real world materials and tolerances.

However, after the initial excitement wears off, the problem of product engineering remains. Real product testing requires real products. Not aesthetically correct presentation models, but objects made of production materials built to manufacturing tolerances; not the limited materials and tolerances of the RP technology at hand.

Until recently there has been a tremendous gap between the desktop tools of the engineering office and the behemoth CNC tools of a production machine shop. The size, cost and complexity of big CNC machinery generate a cash flow demand that can only be fed by a constant workload.

To make economic sense, the machines need to be in a production environment. They’re simply not suitable for R&D.

What design organizations need is a tool they can afford to keep at-the-ready which is smaller and easy to use, but can also deliver prototype parts that are identical to the future production parts.

The solution is a concept called Personal CNC and is the design philosophy of Tormach’s PCNC 1100 mill. Dimensional accuracy is essential in prototyping. With a rigid cast iron frame, precision ground ballscrews and a 5,000 RPM spindle, the PCNC 1100 can deliver the same accuracy you expect from a production machine.

Typical factory precision is an inherent feature of Personal CNC but a characteristic that continues to challenge RP technologies, even though their price tags can be much higher.

Whether parts are aluminum, plastic, steel, titanium or even composite materials, the days or weeks waiting for outsourced parts can be reduced to a few hours with a personal in house. Your team is more nimble and your project development will be quicker.

The personal CNC is a machine tool right-sized for engineering development. At 1,500 lbs, this is no desktop router, but it’s still easy to move with a pallet jack. It’s simple to operate and easy to maintain because it isn’t burdened with typical factory features like an automatic tool changer. There’s no need for three-phase power or compressed air, and you don’t need a rigger to install the machine.

Versatility is a key. When combined with a simple CAM program, the CNC can perform as an Subtractive Rapid Prototype (SRP) system to make quick plastic models. Combined with a conventional CAM program it can cut tool steel for making production molds. The functionality of a PCNC 1100 can be extended with accessories like a fourth axis, duality lathe, and even a digitizing probe for reverse engineering. Whether projects are simple or complex, a personal CNC brings capability and agility to product design teams, breaking development barriers without breaking department budgets.

http://www.pddnet.com/scripts/ShowPR.asp?RID=26298&CommonCount=0

Vericut 6.2 CNC machine simulation and optimization software features enhancements that increase the ability of manufacturing engineers to develop, analyze, inspect, and document the CNC programming and machining process, according to the manufacturer. It is CNC machine simulation, verification, and optimization software that lets users eliminate manually proving-out NC programs. The program also optimizes NC programs, and simulates all types of CNC machine tools, including those from leading manufacturers such as Mazak, Makino, Matsuura, Hermle, DMG, DIXI, Mori Seiki, and Chiron. The software runs standalone, but can also be integrated with leading CAM systems such as Catia V5, Unigraphics, Pro/E, MasterCAM, EdgeCAM, and GibbsCAM. The “NCProgram Preview” offers an option to process an NC program without simulating material being removed. This “quick check” uses much less memory. When in preview mode, the software displays a tool trace of the NC program over the design model. The Preview checks for collisions, gouges, minimum excess, and instances where axis limits are exceeded. CGTech, Booth D-3035

http://findarticles.com/p/articles/mi_hb4320/is_8_42/ai_n29459688?tag=content;col1