Business
ID Global Releases Letter to Shareholders
ID Global Releases Letter to Shareholders.
About this update from Idglobal Corp.
[{"type":"text","content":"\nCHICAGO, Aug. 13, 2014 (GLOBE NEWSWIRE) -- ID Global Corporation (IDGC) releases Corporate Update to Shareholders:\n\n\tFellow Shareholders,\n\n\tAs we move into the second half of 2014, I thought it would be a great opportunity to provide an update to our shareholders, partners and supporters about current activities and the execution of our long term strategic plans.\n\n\tID Global Corporation (IDGC) set out this year with a primary focus on reducing its debt and positioning the company to maximize profitability through debt and equity investments, controlling interests in established companies, as well as special situation start-ups.\n\n\tIn the first quarter we were able to settle more than $200,000 in convertible debt and acquire a 5% stake in Jack Rockwell, Inc. (JRI) with an option to acquire up to an additional 15% as we complete our due diligence process.\n\n\tHere are some updates on the JRI opportunity:\n\n\t\n\t\tThe company has a new website: www.jackrockwell.com\n\t\n\t\tThe company retained an Intellectual Property (IP) attorney specializing in providing valuation of IP. Results of the valuation are North of $5 million US\n\t\n\t\tThe company has shifted focus to its IP and a licensing model to be developed by IDGC.\n\t\n\t\tThe company is currently pursuing several licensing opportunities with established coffee roasters, small coffee franchises and others.\n\n\n\tIn the second quarter we began to recognize an opportunity to seek entry into the medical marijuana industry. Through a multitude of contacts and being in the right place at the right time, we are now positioned to become a player in the US market as well as the Canadian market.\n\n\tFirst, through an exclusive licensing agreement, IDGC has aligned, with a US based company that is building a brand of products to include, but are not limited to, coffee, CBD based energy drinks, CBD based chewing gum and other products. We are the exclusive distributor of the GREEN RUSH™ cannabis and CBD products.\n\n\tSecondly, through a partially binding Letter of Intent (LOI), IDGC has positioned itself with an established, licensed grower in Vancouver, BC to exploit our suite of services in a parcel of land to increase cannabis production, as well as revamp their current business plan in an effort to capitalize on the new medical marijuana laws across Canada.\...