$IDGC - IDGlobal Corp. Executes Blanket Asset Purc
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Posted On: 02/06/2018 2:45:17 PM
$IDGC - IDGlobal Corp. Executes Blanket Asset Purchase AgreementFont size: A | A | A
2:25 PM ET 2/6/18 | GlobeNewswire
IDGlobal Corp. Executes Blanket Asset Purchase Agreement
LOCKPORT, Ill., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire --- After extensive due diligence Farallon, Inc. a wholly-owned subsidiary of IDGlobal Corp. (USOTC:IDGC) is pleased to announce the signing of a blanket Asset Purchase Agreement with an existing quality packaging equipment company, in Addison, IL. The agreement acquires the assets and existing operations at the 10,000 square-foot fully-operational facility which includes 3 quality petroleum-based filling lines and 1 water-based filling line along with a fully-integrated laboratory. The new venture will remain under the Farallon, Inc. name and has first-year projections of $1.8 million. Sebastien DuFort IDGC CEO stated, "Great step in the right direction and we will have a full corporate update in the very near future."
About IDGlobal Corp.
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities Worldwide. IDGC seeks, through debt and equity investments, controlling interests, joint ventures and licensing agreements with established companies within the Medical Marijuana, Consumer and Industrial Products Packaging Industries.
About Farallon, Inc.
Farallon, Inc. will handle the complete Curation, Completion, and Launch of various consumer and industrial products. We will procure the Creative Development and Physical Development to see the product created and produced. We will introduce and facilitate initial and ongoing E-Commerce sales. The Farallon, Inc. team will oversee and direct the services of Design and E-Commerce Professionals to achieve the goals of these products. The Company will continue establishing its customer base throughout North America.
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 or changes to future operating results.
Contact:
Sebastien C. DuFort, CEO
IDGlobal Corporation
Website: www.idgreencorp.com
Email: idgreeninfo@gmail.com
Phone: 630-956-6077
> Dow Jones Newswires
February 06, 2018 14:25 ET (19:25 GMT)
2:25 PM ET 2/6/18 | GlobeNewswire
IDGlobal Corp. Executes Blanket Asset Purchase Agreement
LOCKPORT, Ill., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire --- After extensive due diligence Farallon, Inc. a wholly-owned subsidiary of IDGlobal Corp. (USOTC:IDGC) is pleased to announce the signing of a blanket Asset Purchase Agreement with an existing quality packaging equipment company, in Addison, IL. The agreement acquires the assets and existing operations at the 10,000 square-foot fully-operational facility which includes 3 quality petroleum-based filling lines and 1 water-based filling line along with a fully-integrated laboratory. The new venture will remain under the Farallon, Inc. name and has first-year projections of $1.8 million. Sebastien DuFort IDGC CEO stated, "Great step in the right direction and we will have a full corporate update in the very near future."
About IDGlobal Corp.
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities Worldwide. IDGC seeks, through debt and equity investments, controlling interests, joint ventures and licensing agreements with established companies within the Medical Marijuana, Consumer and Industrial Products Packaging Industries.
About Farallon, Inc.
Farallon, Inc. will handle the complete Curation, Completion, and Launch of various consumer and industrial products. We will procure the Creative Development and Physical Development to see the product created and produced. We will introduce and facilitate initial and ongoing E-Commerce sales. The Farallon, Inc. team will oversee and direct the services of Design and E-Commerce Professionals to achieve the goals of these products. The Company will continue establishing its customer base throughout North America.
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 or changes to future operating results.
Contact:
Sebastien C. DuFort, CEO
IDGlobal Corporation
Website: www.idgreencorp.com
Email: idgreeninfo@gmail.com
Phone: 630-956-6077
> Dow Jones Newswires
February 06, 2018 14:25 ET (19:25 GMT)
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