[ACCESSWIRE]
BANNOCKBURN, IL / ACCESSWIRE / June 7, 2016 / ID Global Corp. (OTC: IDGC) is pleased to provide an update to its shareholders that includes details on current portfolio and the direction the company is taking to create more shareholder value.
Our current portfolio includes assets in Jack Rockwell, Inc, NanoHydroceutical Solutions, Inc. Phyhealth Corp. (PYHH), Physicians Healthcare Management Corp. (PHYH), Texas-Wyoming Drilling (TWDL), SaviCorp (SVMI), and EZ4Media, Inc.
The company recently increased its common stock position in Jack Rockwell, Inc. from 500,000 common shares to 2 million common shares. Jack Rockwell, Inc. has structured JRIP, LLC (NV - LLC) to hold its existing issued Patents that have a current IP Valuation of $5.4 million and is currently working on its Licensing Agreement.
Phyhealth Corp. (PYHH) -1,000,000 common shares ownership.
EZ4Media, Inc. (EZ4), a Nevada Corporation, headquartered in Plano, Texas acquired all the technology, work-product and Intellectual Property assets from Brightscale, Inc. and currently holds these assets in its wholly owned subsidiary Allsearch Semi LLC. EZ4 is a fabless semiconductor company specializes in the design and sale of semiconductor chips while outsourcing the fabrication or "fab" of the chips to a specialized manufacturer called a semiconductor foundry. EZ4 also has a research and development team located at the Politehnica University of Bucharest, Romania. The most recent range of valuations were based on a high, low, and expected value depending on choice of wafer fab technology, and assumptions about the hardware and software resources needed to execute the project are valued between $10 million US and $18.3 million US, with an expected value of $15.4 million US.
Lastly, the company is updating the Q1 2016 Financials, with more details regarding status of holdings for Q1 and Q2 2016. The 2015 corporate tax return has already been filed and we are diligently working with our CPA with the interview process for an auditor.
Sebastien DuFort, Interim CEO stated, "We will remain focused on our core holdings and seeking other opportunities to provide strategic advisory services thru FSG, Inc., as well as ascertaining minority positions in startups, other early developmental companies, as well as working with companies such as EZ4Media in navigating the path to the public marketplace."
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, minority positions as well controlling interests in established companies and special situation start-ups.
Forward-Looking Statements
This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of ID Global Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: ID Global Corporation
