Dilution Watching & Huge A/S Warning

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IDDR filed to raise A/S Sept 1, no #s yet

IDdriven files authorized share increase to be prepared

3:26 pm ET September 1, 2017 (Globe Newswire) Print
IDdriven, Inc., (OTC:IDDR), an innovative provider of premises and cloud-based Identity and Access Management ("IAM") solutions, filed today an increase in authorized shares to be prepared for the future.

Today IDdriven filed for an increase in authorized shares not only to be able to deal with market demands, but also to be in a position to start looking at scenarios for potential mergers and acquisitions.

"IDdriven's technology base and the market it operates in, makes the concept of combining forces with other synergistic entities a realistic option," states Arend Verweij, IDdriven's CEO. "We want to make sure that we are ready for the right opportunity when it presents itself."

About IDdriven

With its next-generation IDaaS program of the same name, IDdriven, Inc. is at the forefront of the new breed of Identity Management and Access Governance solutions. Taking the complexity and upfront costs out of implementation, IDdriven automates access security for vulnerable company assets by seamlessly integrating with the solutions from Microsoft, and other cloud providers like Amazon. Founded in 2013, IDdriven is headquartered in Sacramento, California. To learn more, visit: www.IDdriven.com.

Forward-Looking Statement Disclosure

This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond IDdriven's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our software program s, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) we may need to raise capital to meet business requirements. More detailed information about IDdriven and the risk factors that may affect the realization of forward looking statements is contained in our filings with the Securities and Exchange Commission which are available on our website and at www.sec.gov. IDdriven assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Company Contact
E: [e-mail]
T: 415.226.7773
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