$IDGC: ID Global Corporation Signs Memorandum of Understanding with Corr Brands, Inc.
Date : 06/16/2014 @ 3:10PM
Source : PR Newswire (US)
Stock : Idglobal Corp. (PC) (IDGC)
CHICAGO, June 16, 2014 /PRNewswire/ -- ID Global Corp. (OTC: IDGC) is pleased to announce that it has signed a binding Memorandum of Understanding (MOU) with Corr Brands, Inc. (CBI) which will commence with an ownership stake, and begin due-diligence towards a joint venture whereby IDGC will provide assistance raising capital, advisory, and/or merger and acquisition services.
Sebastien DuFort, president and CEO, stated, "We have been in discussions for some time with the board of directors at Corr Brands, Inc. We are pleased to finally see this come to fruition and are looking forward to working with them to achieve their long term vision for the company."
About Corr Brands, Inc.
Corr Brands, Inc. is an Illinois corporation founded originally in 1978 as CORR'S Ginseng Beverage, Inc, the new holding company for intellectual property (IP) of Robert J. Corr and his family. The flagship brands are Ginseng Rush ® and Apple Rush ®.
Additional Brands include Green Rush ™ and Hard Rush ™. The Corr family recently licensed Apple Rush ® and Ginseng Rush ® Brands, with a worldwide license granted to bottle and sell beverages and consumer edibles with the Brands, Apple Rush ® and Ginseng Rush ®. Additionally CBDs from cannabis are used to benefit a line of cannabis infused beverages and edibles in the future. Hard Rush™ is a sparkling beverage combination of super fruits with 8% alcohol.
CBI is a long-lived company that over the years has licensed its IP to various third party concerns, including Quaker Oats, Co. and PepsiCo. Inc. and others. The new mode of operation is to minimize external influences and concentrate efforts in a targeted, low overhead manufacturing and marketing endeavor.
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 debt and equity investments, minority positions as well as controlling interests in established companies and special situation start-ups.
- Go IDGC
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$IDGC: ID Global Corporation Retains International Creative Licensing, LLC to Assist in Intellectual Property Valuation
Date : 06/10/2014 @ 7:00AM
Source : PR Newswire (US)
Stock : Idglobal Corp. (PC) (IDGC)
CHICAGO, June 10, 2014 /PRNewswire/ -- ID Global Corp. (OTC: IDGC) is pleased to announce that IDGC has retained International Creative Licensing, LLC., an intellectual property firm, to assist in valuation and licensing of its Intellectual Property (IP) of current portfolio companies. The first company, Jack Rockwell, Inc., currently holds multiple patents for its Farquest™ Machine and is exploring several opportunities regarding its IP.
Sebastien DuFort, president and CEO stated "We are excited to engage a firm that has the ability to help with the valuation process of our portfolio companies assets. This will be a key process in vetting current and future intellectual property to ensure our investment capital sees a return."
About International Creative Licensing, LLC.
International Creative Licensing (ICL) is a boutique licensing and consulting firm specializing in intellectual property portfolio management and brand valuation. Founder Bill Uglow, former Disney executive and Todd Uglow, court approved expert witness in the area of right of publicity law and intellectual property valuation have worked on hundreds of IP projects. Past and present clients include, but are not limited to, Disney, LucasFilm, and the four major US sports leagues; most recently the National Football League.
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, controlling interests in established companies as well as special situation start-ups.
- Go IDGC
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