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$IDGC ID Global Corporation Signs Binding Memorandum of Understanding with Corr Brands, Inc. IDGC

Jul 13, 2017
OTC Disclosure & News Service

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LOCKPORT, Ill., July 13, 2017 (GLOBE NEWSWIRE) -- 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® (www.americanginsengrush.com) and Apple Rush® brands (www.applerush.com), but also include Green Rush and Hard Rush™, and Corr’s Naturally Zero ™ (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.

About ID Global Corporation

ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities Worldwide. IDGC seeks, through debt and equity investments, controlling interests i and/or minority stakes in joint ventures and licensing agreements with established companies within the Consumer Goods Industry

Forward-Looking Statements

This press release contains statements which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of ID Global Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


Contact:

Sebastien C. DuFort, CEO
ID Global Corporation
630-532-3625
Website: www.idglobal-corp.com
Email: [e-mail]
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Copyright © 2017 GlobeNewswire. All Rights Reserved


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

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