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The corrected release reads:
IDGLOBAL PROVIDES CORPORATE UPDATE
IDGLOBAL (Pink Sheets: IDGC | Quote | Chart | News | PowerRating) is pleased to provide a corporate update to investors.
2008 proved to be a progressive year for IDGLOBAL as the company has been actively seeking alternate diversification opportunities, while concluding the Trade Show schedule for 2008.
On November 18th IDGLOBAL released the news of our Letter of Intent with G2 Petroleum, LLC of Midland Texas to acquire a Working Interest in the Diamond Springs Prospect located within the Wind River Basin, Wyoming. IDGLOBAL has since closed the transaction with G2 Petroleum, LLC and now owns a 10% working interest in the Diamond Springs Prospect located in the Wind River Basin, Wyoming.
IDGLOBAL anticipates the security market place to be stable during 2009 and will continue to attend annual key events.
IDGLOBAL Executive Management
About IDGLOBAL Corp. (www.idglobalcorp.com)
IDGLOBAL provides a range of leading technologies specifically designed to provide private enterprise and governments 100% solutions to their Counterfeiting and Loss Prevention / Anti-Theft security programs. All Rights Reserved.
About G2 Petroleum (www.forceenergycorp.com)
G2 Petroleum LLC of Midland, Texas, holds 3,300 acres of prospective oil and natural gas property in Freemont County, Wyoming. Geological reports provided to Force Energy provide an estimated recoverable reserve of approximately 4.3 Million barrels of oil for the Diamond Springs Prospect.
The Diamond Springs Prospect is comprised of 3 independent but geologically similar prospective locations within the 3,300 acre track and is situated in close proximity to productive oil and gas fields. The Northwest, North, and West Diamond Springs are shallow drilling prospects of 200' to 1,100' in depth, with a possible 72 drilling sites between the three locations based on 40 acre spacing.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of IDGLOBAL Corp. to be materially different from the statements made herein.
SOURCE: IDGLOBAL Corp.
IDGLOBAL Corp. Marc Hamilton, 250-862-8933
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