Business
IDGLOBAL Posts Full Year Audited 2006 Financials
IDGLOBAL Posts Full Year Audited 2006 Financials.
About this update from Idglobal Corp.
[{"type":"text","content":"IDGLOBAL Completes and Posts Full Year Audited 2006 Financials\n\nKELOWNA, British Columbia--(BUSINESS WIRE)--IDGLOBAL (Pink Sheets:IDGJ - News) has completed its 2006 Audit and has posted the information on Pinksheets.com. Final 2006 financial statements took longer than expected to ensure that the prior year's dealing with the shell company involved in IDGLOBAL's reverse merger, revenue recognition, and other matters associated with compliance with the Sarbanes - Oxley Act and being a reporting issuer were completed with 100% efficiency and accounting systems in place so that future quarterly financial filings can be reported in a timely manner. \n\nFor the full year 2006, the IDGLOBAL reported revenue of $389,605.24 USD ($412,669 Cdn). Net loss for full year 2006 was $445,876.00 USD ($506,061 CDN) A year over year comparison is not possible as fiscal year 2006 marks IDGLOBAL's first full year of operations. \n\nIDGLOBAL Management is extremely pleased with its revenue results for full year 2006 so early into the company's existence. In the first six months of 2006, IDGLOBAL was engaged in activities designed to build a strong, dynamic and efficient corporate, sales and management infrastructure. In Q3 and Q4, 2006, IDGLOBAL Management was able to begin executing its business plan and penetrate key markets and develop corporate relationships that form the initial and long-term success for rapid sales growth and revenue growth. \n\nIDGLOBAL is nearing completion of its financials for Q1 and Q2 2007 and is preparing its application for up-listing to the OTC:BB.\n\nFiscal year 2007 has seen IDGLOBAL grow significantly in revenue and client acquisition. On August 10, 2007, IDGLOBAL announced that its roster of clients for its Nano-Molecular-Markers? have grown significantly in fiscal year 2007 and continues to engage in multiple pilot projects with future growth prospects irrespective of the short term economic conditions. Since the August 10 news release, IDGLOBAL's new client additions, client inquiries and requests for demonstrations and pilot project testing for its Nano-Molecular Anti-Counterfeiting Solutions continue to increase and grow in size and scope at a pace that is unprecedented in its operating history.\n\nAbout IDGLOBAL Corp. (www.idglobalcorp.com) \n\nIDGLOBAL provides a range of leading technologies specifically ...