Ideal Group of Companies (OTC: IDGR), through Hospitality Development Group, Inc., Acquires an 11.93-Acre Commercial NNN and Solar Asset in Norwich, CT

ANDERSON, SC and NORWICH, CT — April 20, 2026 — Ideal Group of Companies, Inc. (OTC: IDGR) (“IDGR” or the “Company”), an integrated holding company focused on real estate development, residential mortgage origination, and related financial services, today announced the acquisition of 40 Connecticut Avenue, Norwich, Connecticut, an 11.93-acre income-producing commercial property. The asset was acquired through Frama Realty Corp, now a wholly owned subsidiary of Hospitality Development Group, Inc. (“HDG”),  a wholly owned subsidiary of IDGR. The acquisition was completed as part of IDGR’s previously announced multi-asset transaction with HDG and represents a meaningful addition to the Company’s commercial real estate portfolio.

The property is anchored by a fully executed 10-year triple-net (NNN) commercial lease with Rushford Center, Inc., a subsidiary of Hartford HealthCare — one of Connecticut’s largest health systems. Rushford Center operates a mission-critical K–8 therapeutic day school program at the site. In addition to the credit-tenant lease, the asset includes an additional 4,500 square feet available for lease and approximately six acres with a commercially approved solar farm and cellular tower, subject to final application and approval — creating additional independent revenue streams.

Strategic Rationale

The 40 Connecticut Avenue acquisition is consistent with IDGR's strategy of building a diversified, income-producing real estate platform supported by credit tenants, long-term lease structures, and value-add development. Management believes the asset offers a compelling combination of contracted cash flow and multi-stream upside that is uncommon in this asset size.

•      Signed, executed 10-year NNN lease with a Hartford HealthCare subsidiary already in place — rent is contracted and currently generating income.

•      Investment-grade tenant profile — Hartford HealthCare is one of Connecticut’s largest health systems, and Rushford Center operates a mission-critical behavioral health program at the property.

•      True triple-net structure — tenant pays all insurance, taxes, utilities, and maintenance, leaving contracted rent essentially as net income to the landlord.

•      Four potential income streams on one asset: NNN lease rent, additional 4,500 sq st available for lease, solar energy revenue, USDA REAP grant proceeds, and cellular tower income.

•      Approved zoning for commercial solar opportunity — zoning approved for a 2,998.6 KW ground-mount system projected to produce approximately 4,090,331 kWh annually, with federal and state incentives designed to make the installation structurally self-financing.

Frama Realty Solar Project — Development Opportunity

In parallel with the NNN lease, IDGR plans to advance the site’s commercial solar opportunity. The proposed 2,998.6 KW ground-mount system has a projected gross cost of approximately $13.0 million, which management anticipates reducing to an estimated net cost of approximately $4.24 million after the 30% Federal Investment Tax Credit, MACRS depreciation benefits, and a potential USDA Rural Energy for America Program (REAP) grant of up to $1.0 million. Based on these assumptions and projected production, the solar component is expected to deliver cumulative cash flow of approximately $59 million over 30 years with a projected cumulative break-even in Year 4.

Path to Shovel-Ready Status

IDGR intends to advance 40 Connecticut Avenue to shovel-ready status by finalizing the solar installation financing structure (including potential C-PACE, tax lease, or bridge-to-permanent options), completing the USDA REAP grant application, advancing engineering drawings and site plan approvals, completing the interconnect application, and producing a combined NNN + solar investor and lender package. The Company is evaluating a working capital facility secured against the asset with a minimum target of 50% loan-to-value of current appraised value (less any existing debt obligations) to fund these activities.

Management Commentary

Charles Cardona, Chief Executive Officer of Ideal Group of Companies, Inc., stated: “The acquisition of 40 Connecticut Avenue is exactly the kind of disciplined, cash-flow-focused addition we want in the IDGR portfolio. We are inheriting a fully executed, long-term lease with a Hartford HealthCare subsidiary — a credit tenant operating a mission-critical program — and we are layering on a fully approved solar opportunity, a cellular tower, and additional leasable space. That combination creates multiple ways for this single asset to generate value for our shareholders over time.”

Jerrold R. Krystoff, Chairman and Chief Executive Officer of Hospitality Development Group, added: “40 Connecticut Avenue shall be an exciting asset in HDG’s diversified portfolio. With the Rushford Center / Hartford HealthCare lease in place, solar approval secured, and the cell tower component on site, this property belongs inside IDGR’s public platform where its full economic profile can be developed and recognized. 

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 Oxygen Mortgage division, its Hospitality Development Group subsidiary, 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 projected economics of the 40 Connecticut Avenue property and the Frama Solar project (including lease income, solar production, cost, tax benefits, USDA REAP grant, carbon credits, utility savings, and cumulative cash flow), 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.