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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