ID Global Corporation Issues a Shareholder Update
Chicago, Illinois--(April 16, 2015) – ID Global Corp. (OTC:
IDGC) is pleased to provide an update to its shareholders. That
update includes details on current portfolio, new direction and
current progress with Corr Brands, Inc. (CBI).
Firstly, we would like to update shareholders on the last
release regarding our new headquarters. The Dolton, Ill. Facility
and the business opportunity turned out to be a false start and we
will not be re-locating. Once due-diligence was completed it proved
to be too much of an investment, of both time and capital, that
IDGC was prepared to make at this time.
Our current portfolio includes assets in Jack Rockwell, Inc.,
Phyhealth Corp. (PYHH), Physicians Healthcare Management Corp.
(PHYH), Texas-Wyoming Drilling (TWDL), United Treatment Centers,
Inc. (UTRM) and the most recent addition of 71,433,289 common
shares in SaviCorp (SVMI) . Total value of portfolio in publicly
marketable securities portfolio is over $300,000.
CBI continues to test their product, Hemp infused Coffee,
through internet sales and seeking the capital needed to scale
production and market the product to a larger audience. IDGC
remains a key partner in the rollout of the product, assisting in
the quest of capital and negotiating new distribution
opportunities.
Sebastien DuFort, president and CEO stated "We wanted to provide
this update sooner but had to close the door on the Dolton project.
The team was truly excited about this opportunity but at the end of
the day the risk vs. reward forced us to take a step back. We will
remain focused on our core holdings and seeking other opportunities
to provide strategic advisory services as well as minority
positions in startups and other early developmental companies.”
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, minority positions as
well 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.
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