ID Global Corporation Executes Termination of Agreement and Mutual Release with World of Marihuana Productions, Ltd.
25 Marzo 2015 - 8:28AM
InvestorsHub NewsWire
ID Global Corporation Executes
Termination of Agreement and Mutual Release with World of Marihuana
Productions, Ltd.
Chicago, Illinois -- March 25, 2015 -- InvestorsHub
NewsWire -- ID Global Corp. (OTC:
IDGC) is pleased to announce that it has executed a Termination
of Agreement and Mutual Release with World of Marihuana
Productions, Ltd.,(WOM) relieving IDGC of its obligations through
the original contract to provide funding, advisory and business
development services.
Sebastien DuFort, president and CEO stated "This is a mutual
release due to delays in WOM getting their Medical Marijuana
licenses as well as other mutual delays in overall progress on the
stated project. It makes sense to divest the small amount of
capital and time invested at this point until the company can live
up to its projections and execute on its vision. We remain open to
other opportunities in the medical marijuana space but will only
consider companies that are further developed and less vulnerable
to the legal barriers associated with the industry.”
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.
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