Thursday, July 13, 2017 2:31:50 PM
7:00 AM ET 7/13/17 | GlobeNewswire
ID Global Corp. (OTC:IDGC) is pleased to announce that it has signed a binding Memorandum of Understanding (MOU) with Corr Brands, Inc. (CBI) to establish a co-development agreement, which includes manufacturing and distribution, on all of CBI's products and provide assistance in raising capital, advisory, branding and website services to 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. The flagship brands are Ginseng Rush(R) (www.americanginsengrush.com) and Apple Rush(R) brands (www.applerush.com), but also include Green Rush and Hard Rush(TM), and Corr's Naturally Zero (TM) (All Natural Zero Calorie Soda).
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 a group of Coca-Cola Bottlers. The new mode of operation is to concentrate efforts in a targeted, low overhead manufacturing, marketing and additional product development endeavors.
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