IDGlobal Corp (IDGC)

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IDGlobal Corp. Provides Corporate Update Including Joint Venture with ELA Asset Management Group, LLC
Thursday, January 13, 2022 9:35 AM
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Topic: Partnerships
ID Global Corporation
ID Global Corporation
DOWNERS GROVE, IL / ACCESSWIRE / January 13, 2022 / IDGlobal Corp. (OTC PINK:IDGC) is pleased to announce a signed Joint Venture Agreement between wholly-owned subsidiary Azure Blockchain, Inc. and ELA Asset Management Group, LLC. The long-term goal of the joint venture is to vertically integrate crypto mining operations end to end, including electricity generation to mined cyber currency. Operations will support owned mining and services to mining customers. The Company will also look to have tactical ownership of assets, based on risk and financial return metrics.

Noveda had a 208% increase in year over year revenue and we continue to expand the corporate portfolio with customers. The upgraded software will be ready to implement at the end of Q1 2022 and we are working on multiple licensing agreements in the global marketplace to broaden the Noveda footprint.

The Company CEO, Sebastien C. DuFort stated, "The Company is excited to finally find a partner with bona-fide experience and access to the industry, we will be exploring various metaverse opportunities, and updating shareholders multiple times in the near future."