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

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Veteran Developer with Over Six Decades of Landmark Transactions to Advise the Company’s Real Estate Growth StrategiesANDERSON, 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 GutermanGerald 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 ...

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