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ID Global Corp Announces Corporate Update: Management Structure after Acquisition by Liberty Capital Group of San Diego
ID Global Corp Announces Corporate Update: Management Structure after Acquisition by Liberty Capital Group of San Diego.
About this update from Idglobal Corp.
[{"type":"text","content":"ID Global Corp Announces Corporate Update: Management Structure after Acquisition by Liberty Capital Group of San DiegoDear Shareholder:As previously announced on or about Apr 7, 2019, small business funding specialist, Liberty Capital Group, Inc. is in the process of completing the acquisition of controlling interest from Sebastien DuFort. In that regard, ID Global is pleased to announce a new corporation direction and management changes moving forward.Effective Apr 1, 2019 Global will add two principals of Liberty Capital Group officers and members of the Board of Directors. Harry Orfanos joined ID Global as CEO and Chairman of the Board of Directors and Adrian Dalsey joined ID Global as President and a member of the Board of Directors. Sebastien Dufort will remain a Board member. Management is currently developing a new corporate focus and vision, which it intends to announce when completed.Liberty Capital Group anticipates completing the acquisition of a controlling interest sometime in May 2019. Sebastien DuFort effectively controlled ID Global, its business activities and reporting activities prior to that date. ID Globals annual report for 2018 is under attorney review. Upon completion of that review, ID Global intends to seek approval of OTC Markets to remove the yield sign. Management intends to provide regular communication to ID Globals shareholders on our efforts.Initially, our main corporate vision is expected to focus on the fragmented Internet of Things market, including possibly acquiring companies operating in that industry. Of course, completely acquisitions is dependent on external factors, including raising needed acquisition and working capital. ID Global will look to support innovation and provide management expertise to any businesses so acquired. Management is presently looking for investment opportunities with a focus on operating companies that bring new ideas to IoT development and other areas of technological advancement.ID Globals acquisition strategy will focus on operating companies in which management desire to remain in such capacities post-acquisition. ID Global intends to support any acquisitions and to augment management expertise in an effort to consolidate technology integration procedures and resources. ID Globals goal, with the support of Liberty Capital Group, is to provide acquisit...