HINSDALE, Ill., June 27, 2013 (GLOBE NEWSWIRE) -- ID Global Corporation (OTC:IDGC) a diversified holdings company with a focus on emerging and middle market investment opportunities in North America, today announced the appointment of Walter Powell III to the Corporate Advisory Board.
Adhering to the company's new business strategy the advisory board will serve to provide key insight and strategic council on the company's efforts to create a portfolio of robust investments for its shareholders.
Sebastien DuFort, President and CEO stated, "Walters' wealth of knowledge and hands-on operational experience will be a tremendous asset moving the company forward on multiple fronts, we are thrilled to have him aboard."
Walter Powell III
Walter "Wally" Powell, III (42), is a second-generation, energy professional with 21 years of comprehensive experience in the crude oil and natural gas exploration and production industry. In addition to being an independent producer of oil and gas, he has provided oil field services, project management and construction services in the Appalachian Basin, Illinois Basin & the Cumberland Plateau and has conducted independent valuations of oil and gas properties in Kentucky, Illinois, Indiana, Tennessee, Texas and West Virginia.
Mr. Powell has structured strategic alliances between a myriad of companies for the purpose of business development, mergers and acquisitions, divestitures, and has arranged conventional and non-conventional finance solutions for various entities. By thoroughly understanding the vertical and horizontal processes of the industry, Mr. Powell has been able to successfully identify synergies between companies and develop strategies for solutions and growth.
Mr. Powell is a 1993 graduate of Transylvania University, Lexington, Kentucky and currently serves as the Chief Operating Officer and Executive Vice-President of Consolidated Oil and Gas Corporation (COGC), Barbourville, Kentucky. COGC is an independent E & P company with operations in Kentucky and Tennessee.
About ID Global Corporation
ID Global Corporation (IDGC) is a diversified holdings company with a focus on emerging and middle market investment opportunities in North America. IDGC seeks, through debt and equity investments, controlling interests in established companies as well as special situation start-ups.
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.