Hospitality Development Group, Inc., a wholly owned subsidiary of Ideal Group of Companies (OTCID: IDGR), Appoints Real Estate Legend Gerald Guterman to its Real Estate Advisory Board

Veteran Developer with Over Six Decades of Landmark Transactions to Advise the Company’s Real Estate Growth Strategies

ANDERSON, SC— May 21, 2026 —Hospitality Development Group, Inc. (HDG), a wholly owned subsidiary of Ideal Group of Companies (OTCID: IDGR) (the “Company”), today announced that Gerald Guterman, an accomplished real estate developer and investor, will be joining its Advisory Board to assist with various strategies for IDGR’s Real Estate Projects. Mr. Guterman and the Advisory Board will advise on planning, development, and execution of the Company’s real estate portfolio.

“We are honored to welcome Gerald Guterman to our IDGR family,” said Charles Cardona, Chief Executive Officer. “His unparalleled track record of value creation and financial discipline is a great addition to our real estate initiatives. This appointment marks another transformative moment for the Company.”   

About Gerald Guterman

Gerald Guterman is an international real estate developer and investor with a career spanning more than six decades. He is one of the largest multi-family apartment owner/conversion specialists in the United States, having owned, operated, and converted more than 78,000 apartments, and is widely regarded as the country’s most prolific condominium converter, having converted more than 26,000 rental apartments to condominium and cooperative ownership across sixteen states.

Mr. Guterman’s landmark transactions include negotiating the largest single direct purchase of office properties in FDIC history — a portfolio of more than 3,250,000 square feet across eight states, later known as the Mack-Cali REIT — as well as the acquisition of the hotel portfolio that became Wyndham Hotels and Resorts. His development work includes Roosevelt Island’s residential housing in New York and the 1,808-acre Harris Branch planned community in Austin, Texas.

A defining characteristic of Mr. Guterman’s career is his strict financial discipline: since 1997, all property acquisitions made by Mr. Guterman personally and through Guterman Partners, LLC have been completed entirely without debt. He is currently Chairman and CEO of Guterman Partners, LLC, which he founded in 1969 and continues to control today.

“I am excited to join HDG and the Ideal Group of Companies’ Real Estate Advisory Board and to apply the experience I have built over six decades to help create outstanding, lasting value for investors and stakeholders,” said Gerald Guterman.

About Ideal Group of Companies, Inc.

Ideal Group of Companies, Inc. (idealgroupcorp.com) is a dynamic and growing enterprise focused on strategic acquisitions and operational excellence across multiple sectors. Through its Hospitality Development Group and   Oxygen Mortgage subsidiaries, and an expanding portfolio of commercial real estate, mining, and technology holdings, IDGR is committed to creating sustainable value for shareholders through disciplined capital deployment and operational execution. Headquartered in Anderson, South Carolina, IDGR pursues opportunities that deliver immediate financial leverage and long-term growth potential. For more information, visit idealgroupcorp.com.

Contacts

Ideal Group of Companies, Inc.
Charles Cardona, CEO

ccardona@idealgroupcorp.com

Tel. +1-864-345-8698

Hospitality Development Group, Inc.

Jerrold R. Krystoff, Chairman & CEO

info@hdgusa.com

DISCLAIMER and FORWARD-LOOKING STATEMENTS

Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the Company’s business plans, the effect of acquisitions on profitability, the availability and terms of working capital and construction financing, the effectiveness, profitability, and marketability of the Company’s products; the Company’s ability to protect its proprietary information; general economic and business conditions; and the volatility of the Company’s operating results and financial condition. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about the Company and its industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that its expectations will turn out to be correct. Investors are cautioned that actual results may differ materially from the anticipated results. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.