$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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