CHICAGO, June 16, 2014 /PRNewswire/ -- ID Global Corp.
(OTC: IDGC) is pleased to announce that it has signed a binding
Memorandum of Understanding (MOU) with Corr Brands, Inc. (CBI)
which will commence with an ownership stake, and begin
due-diligence towards a joint venture whereby IDGC will provide
assistance raising capital, advisory, and/or merger and acquisition
services.
Sebastien DuFort, president and
CEO, stated, "We have been in discussions for some time with the
board of directors at Corr Brands, Inc. We are pleased to
finally see this come to fruition and are looking forward to
working with them to achieve their long term vision for the
company."
About Corr Brands, Inc.
Corr Brands, Inc. is an Illinois corporation founded originally in
1978 as CORR'S Ginseng Beverage, Inc, the new holding company for
intellectual property (IP) of Robert J.
Corr and his family. The flagship brands are Ginseng
Rush ® and Apple Rush ®.
Additional Brands include Green Rush ™ and Hard Rush ™.
The Corr family recently licensed Apple Rush ® and Ginseng
Rush ® Brands, with a worldwide license granted to bottle and sell
beverages and consumer edibles with the Brands, Apple Rush ®
and Ginseng Rush ®. Additionally CBDs from cannabis are used
to benefit a line of cannabis infused beverages and edibles in the
future. Hard Rush™ is a sparkling beverage combination of super
fruits with 8% alcohol.
CBI is a long-lived company that over the years has licensed its
IP to various third party concerns, including Quaker Oats, Co. and
PepsiCo. Inc. and others. The new mode of operation is to
minimize external influences and concentrate efforts in a targeted,
low overhead manufacturing and marketing endeavor.
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 debt
and equity investments, minority positions as well as controlling
interests in established companies and 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,
sdufort68@gmail.com, 630-532-3625
SOURCE ID Global Corp.