HINSDALE, Ill., May 31, 2013 (GLOBE NEWSWIRE) -- ID Global Corporation (OTC:IDGC) a diversified holdings company with a focus on emerging and middle market investment opportunities in North America is please to provide a corporate update to its shareholders.
There was a change in management and a change in the Company's business model at the end of 2012. One of the first steps new management did was to successfully cancel a majority of prior managements ownership in the existing entity. The company also focused on updating years of outdated financials, also amended the bylaws and articles of incorporation to better suit today's business environment. As we approach mid-year 2013, the business model continues to pursue acquisitions, and with our due diligence files completed we just started the process of forming two wholly-owned subsidiaries that will provide synergy amongst a broad range of industries. As stated before, the new business strategy seeks to capture short and long-term value investment opportunities and maximize shareholder value. We will be providing more content for shareholders via our website and also maintain transparency in the very near future.
ID Global Corp. is investing in emerging and established public and private companies that would benefit from the advantages of having the resources and expertise regarding Management, Finance, Social Media, and both Consumer products and Eco-Friendly processes. The company is positioning itself as being a catalyst between these companies to raise and infuse capital when required, and utilizing a strict criteria and selection process will mitigate risk and allow the company to build and maintain a diversified portfolio.
Sebastien DuFort, president and CEO stated "The Company foresees unlimited possibilities in product development, cost reduction, increased sales potential and marketing resulting in long-term operational and financial stability resulting in an increase in revenue and profit margins."
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.
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.comSource:ID Global Corporation