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.
IDGLOBAL'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.
On 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.
IDGLOBAL 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.
About IDGLOBAL Corp. (www.idglobalcorp.com)
IDGLOBAL 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.
IDGLOBAL's Nano-Molecular Markers? are the equivalent of taking the laboratory into the field and providing a verifiable answer as to a products authenticity in a matter of seconds by utilizing proprietary Nano-Molecular Markers? and handheld scanning technologies. IDGLOBAL provides its Nano-Molecular Markers? on a global basis to combat counterfeiting and can easily be applied to product runs into the hundreds of millions of units at a cost of a fraction of a penny per unit.
The IDFORENSIX? product lines are specifically geared towards loss prevention or corporate asset protection of assets such as tools, equipment up to and including fine art work. Much of corporate losses are due to internal and invasive theft. Applications for these forensic markers include everything from retail theft by consumers and/ or employees to the larger problem of theft in distribution systems and warehouses. The IDGLOBAL IDFORENSIX products mark, protect and identify merchandise and / or equipment to protect against theft. Literally, truck loads of product are stolen from companies that have very few options in proving and finding their stolen merchandise. Whether its boxes of music CDs or high gauge and expensive electrical wire literally removed from power grid systems, it all amounts to billions of dollars in theft and loss. IDFORENSIX products can also mark and protect everything from oil /gas and mining equipment where millions of dollars of field equipment and tools goes missing to forensically marking dozens, hundreds or even thousands of laptop computers in office environments. The IDFORENSIC markers cannot be removed or tampered with once applied and provide a long term and unequivocal ability for an organization to mark, protect and recover stolen articles and merchandise.
Nano-Molecular, Nano-Molecular Markers, Nano-Molecular Tags and IDFORENSIX are registered trademarks of IDGlobal Corp, All Rights Reserved.
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of IDGLOBAL Corp. to be materially different from the statements made herein.
Contact:
IDGLOBAL Corp.
Daryl Regier, CEO, President
Philip Viggiani, VP, Sales Marketing
Marc Hamilton, Chief Operating Officer
Investor Relations Toll Free: 1-866-922-4345
Phone: 250-862-8933
Fax: 250-862-8322
www.idglobalcorp.com