ID Global Corporation Provides Corporate Update
January 08 2014 - 10:24AM
ID Global Corp. (OTC:IDGC) is pleased to provide a corporate update
to its shareholders.
The following is a summary of our recent developments:
- The company signed an exclusive USA distribution agreement with
www.pepperes.com and IDGC receives 50% of the profits.
- The company also exercised its option on Jack Rockwell, Inc.
IDGC will retain 5% ownership with a preliminary valuation coming
in at $2.5 million US. Extensive due diligence on Jack Rockwell,
Inc's two issued U.S. Patents has begun as well as negotiations
regarding further research and development, various production
designs and potential opportunities defining industry and market
segments, manufacturing and distribution.
- The company has settled and written off more than US $200,000
in convertible indebtedness and continues to negotiate and is
closing to finalizing more.
- In the second half of 2013 announced a profit participation
agreement with Atlantic-Pacific, LLC, an Indiana company, in which
the company receives 20% of the profits.
- The company, through consulting work, received both
unrestricted and restricted stock in ticker symbols PHYH and PYHH,
valued in excess of $50,000 to bolster the balance sheet and
diversify holdings.
- The company intends to make a distribution of some of its
interest in its portfolio companies as dividends to shareholders in
2014.
Sebastien DuFort, president and CEO said: "I would like to
thank our investors and shareholders for their patience as we build
a foundation that will help to ensure our long term and sustained
success."
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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