FORT LAUDERDALE, Fla., Sept. 15, 2005 (PRIMEZONE) -- Total Identity Corp ("TIC") (Pink Sheets:TIDC) announced today that it is moving the corporate office to North Carolina and naming new management for its wholly owned subsidiary, Yard Sale Drop Off(tm) ("YSDO"), a trading assistant and Power Seller with eBay (Nasdaq "EBAY"), in preparation for the planned spin-off.
TIC is relocating the corporate office of YSDO to Ashville, North Carolina and naming Richard Dwyer as the new President effective September 20, 2005. Mr. Dwyer will become the CEO and COB when the spin-off is complete. Mr. Dwyer was instrumental in the development of YSDO and was the creator of the YSDO Commerce Management Suite proprietary software. Mr. Dwyer is currently working with the programmers putting finishing touches on CMS version 1.1 which will be submitted to eBay prior to the end of the month.
TIC will have no role in management or a seat on the Board when the spin-off is complete. YSDO will act as its own entity when Mr. Dwyer assumes the role of President.
About Yard Sale Drop Off:
YSDO has created a solution that enables licensees to operate out of their home or add to their current business and the licensee can operate on a part-time or full-time basis. Essentially YSDO gives the licensee the ability to go into business and grow it with very little capital and their total investment is less then the cost of a one week vacation. For a very limited time YSDO is offering a $500 gift card so licensees can purchase goods to sell on eBay to kick off their business.
YSDO motto: "We turn your hidden treasures into cash!"
Certain information contained in this news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these statements are made to convey the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual company results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. A more extensive listing of risks and factors that may affect the business prospects of the company and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.