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IDGLOBAL Announces Financials for the First Three Quarters of 2007
IDGLOBAL Announces Financials for the First Three Quarters of 2007.
About this update from Idglobal Corp.
[{"type":"text","content":"IDGLOBAL Announces Financials for the First Three Quarters of 2007\n\nKELOWNA, British Columbia, January 11, 2008 - (BUSINESS WIRE) - IDGLOBAL (Pink Sheets: IDGJ - News) has completed and filed its financial statements for the first three quarters of 2007. These statements can be viewed in their entirety at www.pinksheets.com. Financial results for Q4 2007 as well as audited full year 2007 financial statements shall be provided in Q1 2008. \n\nFor the first three quarters of 2007, IDGLOBAL reported revenue of $421,509 compared to $55,525 for 2006, a 759% increase. Total expenses were reported as $821,409 compared to $476,609 for 2006. The increase in expenses for 2007 is a direct result of an aggressive tradeshow and conference schedule and the addition of employees to facilitate the growth in its client base and sales infrastructure. Revenue is anticipated to show further increases in the final quarter of 2007 and into fiscal year 2008 as new clients are added and projects are implemented. \n\nFor fiscal year 2008, IDGLOBAL anticipates a break-even financial condition. Financial results may vary given successful client acquisitions, however, IDGLOBAL management prefers a conservative opinion in providing the markets with forward looking financial guidance. IDGLOBAL management shall update its financial guidance to investors as material events occur. \n\nIDGLOBAL would also like to announce that Mr. Marc Hamilton, the company's COO, has taken on the role as the Chief Financial Officer (CFO) as well and shall over see the financial infrastructure and reporting for IDGLOBAL. Mr. Hamilton's experience in this idiom is extensive and provides IDGLOBAL with the expertise required for continuous financial disclosure as required to be a reporting OTC:BB issuer.\n\nIDGLOBAL shall update investors as to the status of its OTC:BB application as it develops.\n\n\nAbout IDGLOBAL Corp. (www.idglobalcorp.com) \n\nIDGLOBAL provides a range of leading technologies specifically designed to provide private enterprise and governments 100% solutions to their Counterfeiting infections and Loss Prevention / Anti-Theft security programs. IDGLOBAL's Nano-Molecular Markers / Tags? are specifically designed for global anti-counterfeiting applications and its IDFORENSIX? products provide Loss Prevention / Anti-Theft solutions for the annual $800 billion Ant...