Business
<b>IDGLOBAL Provides a Financial Update and Reaffirms Financial Targets</b>
IDGLOBAL Provides a Financial Update and Reaffirms Financial Targets.
About this update from Idglobal Corp.
[{"type":"text","content":"IDGLOBAL (Other OTC:IDGJ.PK - News) announced today that it was close to completing the necessary steps in implementing policies, procedures, redundancy and oversight to its financial systems to ensure compliance with US GAAP reporting rules and guidelines as well as ensure a systematic and seamless internal financial tracking and reporting infrastructure as it relates to becoming a reporting listed company. IDGLOBAL's first two quarters of fiscal year 2007 are nearing completion for release as well as is the fiscal year 2006 final audit. Management of IDGLOBAL would like to ensure that every financial release made by the company is accurate and compliant to GAAP.\n\nIDGLOBAL's is completing its first quarter ending March 31, 2007 and second quarter ending June 30, 2007 so it is reported with confidence as to its content and ensures timely and accurate financial releases thereafter.\n\nOn July 26, 2007, IDGLOBAL released that it anticipates over $1 Million in revenue over the next 12 months in its IDFORENSIX? Anti-Theft / Loss Prevention product line, which represents a 300% growth in that division. As well, on August 10, 2007, IDGLOBAL discussed the dramatic growth in its Nano-Molecular Marker? anti-counterfeiting products used in combating counterfeiting infections and that IDGlobal's revenue continues to grow significantly providing a solid base for profitability in fiscal year 2008 or sooner. The Management of IDGLOBAL reaffirms this outlook.\n\nIDGLOBAL believes up-listing itself to become a reporting issuer is in the best interests of shareholders as well as growing the business and views a successful listing as a critical part to the overall success of the company. As well, when the up-listing is completed, IDGLOBAL shall make available its' financial statements to shareholders and begin the timely and regular disclosure process to investors on a go forward basis.\n \nAbout IDGLOBAL Corp. (www.idglobalcorp.com) \n\nIDGLOBAL has two primary divisions, its Nano-Molecular Markers / Tags? used in anti-counterfeiting applications and its IDFORENSIX? products utilized in Loss Prevention / Anti-Theft for the annual $800 billion Anti-Counterfeiting and Loss Prevention markets.\n \nIDGLOBAL's Nano-Molecular Markers? are the equivalent of taking the laboratory into the field and providing a verifiable answer as to a products authen...