Infrastructure Developments Corp (fka IDVC)

[mgland]

11/17 corporate update worth repeating......
http://www.idvc.us/Nov-24-2017-update.pdf

November 24, 2017
Dear Stakeholders,
This letter is being sent to all shareholders of Infrastructure Developments Corp.
(“IDVC or the “Company") to update you on current activities. We have received many
inquiries recently about our relationship with
SingleShot Entertainment, Inc., (“SSE”) and our
other business activities. I also notice divergent, misleading and even false information being
passed on by parties that are not affiliated with IDVC. I wish to clarify certain issues.
The Company has
not filed its annual report for full year 2016 on SEC Form 10K, nor
its reports for March, June and September 2017 quarters on SEC Form 10Q. The Company’s
auditor since 2011 was subject to investigation by the US SEC starting in the beginning of
2017, an
d was eventually banned from auditing US public companies in October 2017 by the
US Public Company Accounting Oversight Board (“PCAOB”). This investigation and sanction
caused the auditor to be unavailable and unable to audit and review the Company’s fina
ncial
statements since early 2017. The sanction by the PCAOB had nothing to do with the reported
financial statements by IDVC over the past years. It was a conclusion made on the processes
and methods of the auditing firm itself during audits of 4 differ
ent companies.
IDVC cannot publicly report its financial statements and activities until it retains a new
auditor to re
-
audit the 2015 financial statements and audit the 2016 and 2017 financials. We
are working on retaining a new firm to carry out thes
e audits and reviews. In the meantime,
the Company continues in good standing in Nevada, operating and accounting for its activities,
and still trades on the US OTCQX market under the symbol IDVC. There are no restrictions
on our business activities or m
edia disclosures.
IDVC does not owe any stock to any investors other than the 3 current board members.
We are aware of past relationships between one of IDVC’s investment partners and some of
our stockholders, and we are willing to assist if possible in
arranging stock to be delivered to a
few of our shareholders who are owed. A list of our admin staff and contact information is
included at the end of this letter.
In early 2017, IDVC entered into an MOU with SingleShot Entertainment, Inc.,
(“SSE”)
another Nevada company. The basis of the MOU is a license agreement whereby
IDVC will handle a significant share of the global marketing and distribution of products owned
by SSE, in return for a percentage of revenue from such distribution. Two of the
3 board
members of IDVC occupy 2 of the 5 seats on the board of SSE, as a condition of the MOU. On
closing of a formal agreement between IDVC and SSE, an amount of 200,000,000 shares of
IDVC common stock will be issued to SSE to “pay for” the global licen
se. Conditions for
closing are IDVC being up to date on its public disclosures to the SEC, and SSE being in
position to generate revenue from sale of its products. Both conditions are expected to be
precedent by March 2017. There will be no merger of ID
VC and SSE, nor common control
and consolidation. The SSE business model is far too large and scalable to be vended into a
small OTC public shell.
SSE management and staff have no involvement in any relationship between IDVC
and its stockholders, and wi
ll not respond to inquiries regarding IDVC stock sent to SSE.