IDGJ: Theft Loss BIG Problem and IDGJ Has Theft Loss Solution
StockGuru Profile – IDGlobal – IDGJ
IDGLOBAL recently announced new developments in its IDFORENSIX(TM) products. These products are directed toward Loss Prevention (theft) and provide solutions for clients such as Exxon Mobile. Its marketing success comes through its third-party vendors.
IDFORENSIX(TM) anticipates over $1 Million in revenue over the next 12 months, which would represent a 300% growth in that division. IDGLOBAL’s IDFORENSIX(TM) is directing its efforts toward “a few specific verticals,” such as construction, utilities and oil and gas. Loss at construction and warehouse sites is growing annually.
Loss at Distribution Centers
It is difficult to prevent and detect loss in a warehouse distribution center. There is significant throughput every day at a chaotic pace. Collusion joins internal theft, trucker theft, and administrative/accuracy errors as the leading sources of shrinkage which is what professionals call theft and loss.
Merchandise with high street value is obviously the top choice for these thieves. They target consumer electronics or high-end purses and other clearly desirable items. However, unexpected items which can be easily resold are attractive targets for theft as well, such as baby formula. High theft items from warehouses are generally taken as collusive theft. Collusive theft from warehouses employs the use of unauthorized stickers and codes to get the truck past security guards.
Construction Sites
Construction sites are also a high theft target area; more than $1 billion in construction equipment losses are attributed to theft annually. Stolen machinery produces more claims than any other loss on contractors’ policies.
Equipment that is targeted for theft is both mobile and high-value. High priority theft items from construction sites are tractors, backhoes, any large equipment that can go on a single-axle trailer and can be moved without police escort.
Most of the stolen machinery actually is “mid-sized,” with values from around $30,000 to $90,000. The most frequently stolen piece of equipment, according to experts, is a skid steer loader, a piece of equipment that can perform earth-moving, hauling and other functions. The loader, which costs around $40,000 new, is small enough to be loaded onto a trailer and towed behind a vehicle. Typically the equipment that is being stolen is worth $10,000-to-$60,000 per piece and very few pieces of equipment are ever recovered.
The National Equipment Register recently (NER) noted around 4,000 heavy equipment thefts are reported to his group each year and he suspects the actual number could be much higher. In addition to the direct costs of the loss there are indirect costs, such as production losses and rental expenses.
Because not all thefts are reported and many fall within insurance deductibles or self-insured retentions, the actual number of thefts could be as high as 20,000 to 30,000, NER has suggested. The top five states for theft-Texas, North Carolina, Florida, California and Georgia-also account for one-third of the theft in the U.S. followed by North Carolina and Pennsylvania.
These thieves are professionals and experienced in finding and taking equipment.One of the biggest problems is that it is so easy for a thief to sell stolen property. Thieves can easily print a fake bill of sale on a computer and offer the equipment as a legitimate used piece of machinery and can sell it and no one asks any questions.
IDFORENSIX(TM) produces a high rate of return on capital invested for clients who utilize the forensic markers and client re-order rates in excess of 90% on the IDFORENSIX suite of products indicates good acceptance of the product.
Source: NER
See: www.idforensix.com.
About IDGLOBAL Corp. (www.idglobalcorp.com)
IDGLOBAL has two primary divisions, its Nano-Molecular Markers / Tags(TM) used in anti-counterfeiting applications and its IDFORENSIX(TM) products utilized in Loss Prevention for the $800 billion Anti-Counterfeiting and Loss Prevention markets.
IDGLOBAL Corp. has been publicly traded company since May 2006, and is currently trading under the Pink Sheet stock symbol IDGJ. An essential component of the Company’s business plan is to stay current with its financial statements have these statements reviewed each quarter by appropriate auditors, so when the decision is made to move to the OT6 BB, IDGJ will have all of the required regulatory filings ready to be submitted-along with Form 10-to the SEC.
IDGLOBAL Corporation #6
1925 Kirschner Road Kelowna
BC Canada V1Y 4N7
Phone: (250) 862-8933 Toll Free: (866) 922-4345
Fax: (250) 862-8322 Email: ir@idglobalcorp.com
About IDGJ: Business Description: IDGLOBAL manufactures and sells proprietary security products for Anti-Counterfeiting and Loss Prevention markets. IDGLOBAL has established a multi-year track record aiding in the protection of corporate assets such as tools, raw materials, inventory, computers, works of art, sports memorabilia and brand name goods for major companies across North America.
Disclosure: Pentony Enterprises LLC expects to be compensated $15,000 directly from the company for profile coverage. Pentony Enterprises LLC is not a registered investment adviser or broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Forward-Looking Statements: This release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) BBDS’ ability to manage the future acquisitions and the expansion of operations; (2) BBDS’ ability to obtain contracts with suppliers of raw materials (for our production of biodiesel fuel) and with distributors of our biodiesel fuel product; (3) the risks inherent in the mutual performance such supplier and distributor contracts (including our production performance); and (4) BBDS’ ability to raise necessary financing to execute the Company’s business plans.
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