IDGlobal Corp (IDGC)

[ducktor]

It has been more than 180 days....
CARSON CITY, Nev., Dec. 13, 2016 (GLOBE NEWSWIRE) -- IDGlobal Corp. (IDGC) is pleased to announce the signing of a Non-Exclusive joint venture with Dynasonic Solutions, Inc. (Calgary, AB, Canada). The agreement consists of Dynasonic providing use of its existing, proprietary, portable oil/water/solids separator units, and there are various performance-based criteria requirements by both parties. Currently, Dynasonic is operating in Alberta, Canada, as well as in the state of Texas, USA. The agreement calls for the rollout of 6-8 units by IDGlobal Corp. over the next eighteen-months throughout North America, and we anticipate the first unit to be delivered and operational within 45 days. The revenue projections per unit is between $2.4 million US and $5.1 million US, depending on the consistency of the material handled, with IDGlobal Corp. realizing 70% and Dynasonic 30% of revenue.