IDGlobal Corp (IDGC)

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$IDGC IDGlobal Corp. Announces Corporate Subsidiary Update for QHP.AI and UTXO Technologies, Inc.

https://www.accesswire.com/773310/IDGlobal-Corp-Announces-Corporate-Subsidiary-Update-for-QHPAI-and-UTXO-Technologies-Inc

DOWNERS GROVE, IL / ACCESSWIRE / August 9, 2023 / IDGlobal Corp. (OTC:IDGC) IDGlobal Corp. is pleased to announce the QHP and Energypro beta test results for new clients with an average of a 13 percent energy savings and median commercial facility size of 49,000 square feet. This current revenue producing segment has prompted the expansion of the QHP team to establish our own call center to accelerate performance for our Energypro joint venture.

UTXO is still focused on making acquisitions in the Information Technology & Renewable Energy Sectors. The Company in conjunction with QHP.AI implemented a strategy to drive cost savings beyond energy into strategic sourcing and has recently connected with additional "Best in Class" service providers to enable our new clients to improve their operational results. "Our value stream model has expanded to enable organizations to pinpoint optimization opportunities throughout their procurement and production process to deliver meaningful savings, quickly." states IDGC CEO Sebastien C. DuFort.

IDGlobal Corp. will have additional corporate updates and has retained counsel and auditor to explore potential Split-Off opportunities. A split-off is a corporate reorganization method in which a parent company divests a business unit using specific structured terms. There can be several methods for structuring a divestiture. Split-offs, spinoffs, and carveouts are a few options, each with its own structuring.