Business
IDGLOBAL Announces New Symbol/ Reverse Split
IDGLOBAL Announces New Symbol/ Reverse Split.
About this update from Idglobal Corp.
[{"type":"text","content":"IDGLOBAL Announces New Symbol/ Reverse SplitJuly 1st, 2008 IDGLOBAL (Pink Sheets:IDGJ - News) announced that effective today its new Trading Symbol is IDGC as a result of a 1-for 16 reverse split of its common stock. The Board of Directors approved the 1-for-16 reverse split of its common stock, following approval by the Company's majority of stockholders on June 6, 2008. The Company states \"The reverse split was done in the best interests of the stockholder and was a strategic move to boost the per-share price for the company to continue to grow the revenues to support ongoing sales and marketing efforts.\"Fractional shares of stock will not be issued as a result of the reverse split. Security Transfer Corp will act as the agent for the purpose of implementing the exchange of stock certificates in connection with the reverse split. The exercise or conversion price and/or the number of shares of common stock issuable under the Company's outstanding warrants and options will be proportionately adjusted to reflect the reverse stock split.About IDGLOBAL Corp. (www.idglobalcorp.com) IDGLOBAL 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 Anti-Counterfeiting and Loss Prevention markets. IDGLOBAL is a forward looking company with a robust R&D program and product development and integration program for the purpose of providing next generation Nano based and leading edge Anti-Counterfeiting products and Security solutions. Nano-Molecular?, Nano-Molecular Markers?, Nano-Molecular Tags? and IDFORENSIX? are registered trademarks of IDGLOBAL Corp. All Rights Reserved. This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such fo...