ID Global Corporation Receives Fees for Services in Connection With PhyHealth Corporation Rescission of Transaction With Ques...
November 08 2013 - 7:00AM
ID Global Corp. (OTC:IDGC) is pleased to announce that pursuant to
its agreement with PhyHealth Corporation (OTC:PYHH) it has
successfully negotiated the rescission of the transaction with
Queste Capital Corporation. Pursuant to the rescission, Queste
Capital Corporation returned the 80,274,933 shares of PhyHealth
Corporation's common stock. Regrettably, Queste Capital Corporation
was unable to facilitate the transactions it anticipated.
As part of the original 80,274,933 share purchase transaction,
Queste Capital Corporation was to pay $425,000 for the shares.
Queste Capital Corporation never paid the $425,000.
ID Global Corp.'s fee for orchestrating this rescission was
1,000,000 shares of PhyHealth Corporation restricted common
stock.
Sebastien DuFort, president and CEO stated, "We are excited to
have coordinated the unwinding of the Queste Capital Corporation
transaction. We look forward to assisting PhyHealth Corporation in
achieving its goals and moving forward as an entity without the
burden of this failed transaction."
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company
with a focus on emerging and middle market investment opportunities
in North America. IDGC seeks, through debt and equity investments,
controlling interests in established companies as well as special
situation start-ups.
Forward-Looking Statements
This press release contains statements which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of ID Global Corporation and members of its
management as well as the assumptions on which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. The company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions,
the occurrence of unanticipated events or changes to future
operating results.
CONTACT: Sebastien DuFort, CEO
ID Global Corporation
Tel: 630.532.3625
Website: www.idglobal-corp.com
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