$IDGC: ID Global Corporation Provides an Investment Portfolio Update, with Recent Additions - Our Growth Continues
Date : 03/27/2014 @ 3:10PM
Source : PR Newswire (US)
Stock : Idglobal Corp. (PC) (IDGC)
CHICAGO, March 27, 2014 /PRNewswire/ -- ID Global Corp. (OTC: IDGC) is pleased to provide an investment portfolio update to its shareholders. That update includes new assets, adding to its current portfolio, which includes Phyhealth Corporation (OTC:PYHH):
PYHH:
Promissory Notes totaling $640,000
Secured Promissory Note $250,000 (Secured by IP and personal guarantee.)
Assignment of claims of $120,000 in the form of receivables.
Sebastien DuFort, president and CEO stated "The acquisition of these assets is another step in building our long-term portfolio; and more importantly, assisting the companies in the recovery of the assets. By implementing a hands-on approach we are positioning IDGC to see a return on both time and capital dedicated to these transactions."
About Phyhealth Corporation
Phyhealth Corporation is engaged in developing community health plans owned and operated in partnership with the participating physicians based on a health maintenance organization license. Its community health plans are structured to integrate various financial and reimbursement components of healthcare delivery; align the financial incentives of participants; and enable physicians to assume end-to-end management of healthcare for their patients. The company also owns and operates diagnostic and therapeutic sleep centers for the diagnosis and treatment of sleep disorders, including sleep apnea. Phyhealth Corporation is based in Alpharetta, Georgia.
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.
SOURCE ID Global Corp.
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