ATLANTA, Jan. 31, 2014 (GLOBE NEWSWIRE) -- Physicians Healthcare Management Group, Inc. (OTC
HYH) announced today that it has decided to pursue a new business model to focus its management capabilities to industries beyond healthcare. To support this strategy, PHYH has reorganized its management and operating activities.
Robert Trinka, Chairman and CEO of PHYH, stated that, "we are seeking to partner and invest in companies with the right foundational and growth characteristics that are operated by "hands on" managers with close ties to their businesses. We intend to build a diversified portfolio of operating companies, and we will rely on the current management of the companies to grow and develop their operations with our support." He added, "the overarching objective is to create an operating platform that will deliver strong growth and provide an opportunity to create value."
To support this strategy, PHYH has retained ID Global Corporation (OTC:IDGC) (IDGC). Sebastien DuFort, CEO of IDGC stated, "IDGC and its management team and financial relationships will contribute its background in managing and supporting business enterprises and ten years' direct experience running small public companies." Mr. DuFort added, "I am extremely pleased to be part of the new PHYH and to help develop exciting opportunities with operating companies that have a need to raise capital, but may not have the public company management knowledge, experience and financial resources to 'go public' on their own."
PHYH's immediate plans include concentrating on updating its financial statements, including audits; and building on its previous Form 10 filing, to qualify PHYH for trading on the OTC:BB markets.
About Physicians Healthcare Management Group, Inc.
Physicians Healthcare Management Group, Inc. (PHYH) is positioned as a holding company that focuses on investing its management and capital resources in early-stage growth companies that seek to benefit from becoming a public company, but lack the public company management expertise and financial resources to operate a fully reporting, publicly traded company on their own. PHYH will target companies that have the right growth and profit characteristics covering a wide range of industries.
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 as 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 Physicians Healthcare Management, Inc. 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.
CONTACT: Sebastien DuFort, CEO
ID Global Corporation
Tel: 630.532.3625
Website: www.idglobal-corp.com
Robert Trinka, CEO
Physicians Healthcare Management Group, Inc.
305-607-0741
rtrinka@phyhealth.com
