IDGLOBAL Corporation (OTC: IDGJ) is a Kelowna, British Columbia-based company that specializes in high-tech corporate security products and services, specifically those related to brand authentication, anti-counterfeiting and loss prevention.
In 2005, the founders of IDGLOBAL decided that – based on the rapidly growing, global anti-counterfeit and similarly corporate loss prevention markets, the timing was right to pool their unique talents and experience and form an innovative, highly specialized company that could capitalize on this insidious worldwide phenomenon.
IDGLOBAL’s core business growth plan calls for the ongoing development and refinement of cutting edge analysis and identification technologies at the Company’s British Columbia-based, secure research facility. In addition to R&D, IDGLOBAL is diligently pursuing a growth thru acquisition strategy, currently reviewing several target companies it has identified as complementary to its business. Additional target companies may come into focus as IDGLOBAL continues to develop and grow. Perhaps most significant, however, to IDGLOBAL’s ability to succeed and survive through its early growth stage is what the Company’s primary officers have brought to the table in the area of industry contacts, associations and the specialized co-branding and co-marketing relationships that they have formed. These relational tactics have aptly positioned the Company for success, as they have enabled IDGLOBAL to get in front of and market its comprehensive security solutions to a growing list of big corporation clients.
Although IDGLOBAL is a relatively new company, it has already generated a considerable amount of cash flow and is currently engaged in numerous projects that are in various stages of development for both the anti-counterfeiting and loss prevention divisions of the business.
Brand Authentication / Anti-Counterfeiting
Perhaps the most significant R&D activity to date for IDGLOBAL has been the development–and further development–of ground-breaking tagging and analysis technologies for application in brand authentication/ anti-counterfeiting activities.
IDGLOBAL has developed a unique set of skills in tagging and detecting codes that can be embedded in products. The Company has achieved this through the use of nano-technology and coded tags; what the Company has branded as its ForensiX markers. These ForensiX markers essentially leave their mark by penetrating the surface of a given product or item resulting in an undetectable and permanent tag that can be read by the Company’s proprietary scanners in real time to verify authenticity. Authentication via IDGLOBAL’s ForensiX marker system is always 100% accurate.
IDGLOBAL’s technique of brand authentication and anti-counterfeiting is applicable to nearly any product that is currently being, or is likely to be, counterfeited. See the following table for a list of industries identified by IDGLOBAL as likely candidates for their application:
Target Markets for Brand Authentication / Anti-Counterfeiting Solutions:
* Apparel / Fashion
* Automotive Parts
* Software
* I.D. / Documents
* Military Equipment
* Pharmaceuticals
* Aircraft Parts
* Original Fine Art
* Sports Memorabilia
* Smart/ Credit Cards
While the automobile and aircraft parts industries may seem unlikely targets, in recent years numerous fatal automobile and aircraft accidents have been attributed to counterfeit parts.
Since the beginning, the founders of IDGLOBAL have worked closely with a major player in the analytical instruments sector to develop the specialized analyzers necessary to read its ForensiX markings and essentially facilitate the company’s core business plans.
While IDGLOBAL’s business plan shares common ground and technology with companies in the analytical instruments industry, one of which IDGLOBAL has formed this key manufacturing relationship with, IDGLOBAL views the relationship as strictly beneficial. IDGLOBAL’s niche is the security business. As such, IDGLOBAL will derive most of its revenues from licensing fees, user fees and services within its target markets as opposed to hardware sales–the cash cow of the analytical instruments industry.
Rather than simply marketing anti-counterfeiting products to its clients, IDGLOBAL has developed comprehensive programs that provide a complete forensic trail for the life or ownership of a given company’s asset or product.
Loss Prevention
The newly launched www. idforensix..com
Similar in many respects to the technologies developed by IDGLOBAL for its brand authentication program, IDGLOBAL’s corporate loss prevention programs utilize nano-technology or taggants, as well as the Company’s proprietary ForensiX markers and other similar techniques to virtually eliminate internal corporate theft in any sized corporate environment. Most of the advances IDGLOBAL makes in its anti-counterfeiting development efforts will be similarly applicable to this side of the business.
IDGLOBAL’s Loss Prevention Solutions provide a psychological barrier to theft and nano technologies that furnish its clients with irrefutable evidence for successful prosecution in most instances of theft. The Company’s ForensiX markers can be hidden, as they are typically in anti-counterfeiting applications, or placed in plain sight for an even more effective utilization. These markers are nearly infallible and can withstand nearly anything thrown at them, including abrasion and sanding. To remove IDGLOBAL’s ForensiX marker, a would-be thief would basically have to completely destroy the item in question. This would be fruitless, of course, as it would render the item useless and of no value anyway.
Similar to the anti-counterfeiting side of the business, IDGLOBAL is marketing its loss prevention programs via a “total solutions” package, utilizing industry contacts and proprietary front-end marketing techniques to build an ever growing list of clients.
Target Markets for Loss Prevention Solutions:
* Utilities
* Education
* Oil & Gas
* Original Fine Art
* Equipment Tools
* Health Care
* Construction
* Electronics
* Transit
* Government
Effects of Counterfeiting
ABC News Video: Knockoffs Could Be a Dangerous Purchase
Injury or illness could result from unknowingly using a counterfeit product. View Video
The International Anti-Counterfeiting Coalition (IACC) has published the following statistics regarding the effects of counterfeiting:
* Trademark counterfeiting robs the U.S. of $200 billion annually.
* The size and scope of product counterfeiting has mushroomed in recent years. The U.S. economy is losing hundreds of millions of dollars in tax revenues, and tens of thousands of jobs because of counterfeit goods.
* The computer software, automobile and apparel industries have been particularly hard hit by counterfeiters, although many other businesses are financially impaired by the sale of knock-off merchandise.
* In a survey conducted by the IACC, Fortune 500 companies reported that they spend an average of between $2 – $4 million per year to combat counterfeiting. Some reported spending up to $10 million.
Fakes by the Numbers
$600 Billion
The estimated annual sales in counterfeit products worldwide.
$20 Billion
The minimum estimated loss to American companies from counterfeit products.
$139 Million
The estimated domestic value of all counterfeit goods seized by U.S. Customs in 2004.
550,000
The number of fake watches reportedly seized by Cartier in a recent raid of a Chinatown wholesaler.
68
The percentage of counterfeit goods (ranked in dollar value) seized by U.S. customes that originated in either China or Hong Kong in 2004.
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