Stock Guru Profile – IDGlobal – IDGJ
The primary target markets for IDGLOBAL is the anti counterfeiting and loss prevention business, which the founders have been engaged in for the last several years.
IDGLOBAL has a unique Nano-Molecular Marking™ that is embedded in products. This capability allows customers to verify the authenticity, source and proper use of their products, in the field, in real time. According to the International Anti-Counterfeiting Coalition (iacc.org), global trading in counterfeit goods is estimated to have reached $600 billion.
Recently in the New York area, officials arrested 29 people and seized more than $230 million US in fake merchandise. Hundreds of thousands of pieces of counterfeit Cartier, Coach, Gucci, Louis Vuitton, Rolex, Nike, Prada and Chanel goods were found in warehouses, waiting to be distributed to vendors on Canal Street and lower Broadway.
Officials believe the groups involved have imported more than $700 million in fake products during the past 24 months. In Canada, the cost of counterfeit goods is an estimated $20 billion to $30 billion annually.
Brand Authentication and Anit-counterfeiting
IDGLOBAL’s technique of brand authentication and anti-counterfeiting is useful to any product that is likely to be counterfeited (e.g. consumer brands, garments, currency, important documents, toothpaste etc.) or any product that has significant safety related applications (e.g. aircraft parts, military parts). Numerous fatal automobile and aircraft accidents have been attributed to counterfeit parts. While the total market size for line of products is not easily measured due to the scale and economic impact of the counterfeit problem, the potential economic value to IDGLOBAL’s customers is in the hundreds of millions of dollars.
Rather than simply marketing a product to their clients, IDGLOBAL has developed comprehensive programs that provide a complete forensic trail for the life or ownership of an asset or product when implemented as prescribed.
The IDGLOBAL team members have all been chosen for their particular expertise and bring a great deal of know-how and industry persuasion across many fields to the company. The Head office is located in Kelowna, British Columbia and operates out of a facility specifically designed and constructed to meet secure government security standards. All inspections have been completed and the facility is cleared to conduct testing on sensitive government documents.
IDGLOBAL’s “Secure Print” facility Supplier, Pazazz Printing (Montreal Canada, and New York City U.S.A) has opened a corporate office in Shanghai, China to service its clients at a global level. Through its expansion into Asia and its recent series of acquisitions, Pazazz can now manufacture “print” and logistically deliver goods anywhere in the world.
Pazazz has completed two print supply projects for IDGLOBAL in regard to sports licensing products. They can now service any IDGLOBAL clients who manufacture in Asia, giving their present and future clients secure plant integrity for injection of the IDGLOBAL Nano-Molecular Marking™.
Founded in 1992, Pazazz is a full service independent printer. Pazazz and its distinct companies ensure high quality print products and services to their growing number of clients. In 2006 Pazazz received Forest Stewardship Council (FSC) certification and promotes sustainability. Pazazz is a member of Independent Printers Worldwide (IPW) with over 150 independent printers and an excess of 2.2 billion dollars U.S. of print revenue. www.Pazazz.com.
Sixty Percent of All Counterfeiting from China
Most fake products come from the same source, with more than 60 per cent thought to originate in China. You may not have fake Nikes made in the same factory as fake extension cords but those factories are owned or protected by the same counterfeiters, the same criminal groups. Shipping containers are often filled with a variety of products, with electronics and other goods used to stuff the fake purses instead of paper.
Currently sports goods giant Nike Inc. is suing two Chinese shoe manufacturers for unauthorized use of one of its logos, state media reported Tuesday. The U.S. firm alleges the two companies are using its ”Jumpman” logo, which shows a silhouette of basketball star Michael Jordan slam-dunking a basketball, without permission on their products.
Counterfeit goods are widely available in China, although the government says it is making progress in protecting intellectual property rights. A notorious Beijing counterfeit-goods emporium recently ousted 150 merchants in its latest anti-piracy sweep, however, fake goods with foreign brand names continue to remain openly available. Merchants in bazaars routinely sell a range of cheap counterfeit goods with Gucci, Nike, Polo and other major brand names. This popular market is located a stone’s throw from the U.S. embassy and has become a symbol of Chinese inaction on reining in its huge counterfeit goods industry in the face of persistent demands by the United States and other trading partners.
Counterfeit Drugs Are Life Threatening
The purchase of a fake purse or watch funds the people who make counterfeit drugs. Drugs that can kill, according to a B.C. coroner who ruled earlier this month that a 58-year-old woman died last year after ingesting contaminated counterfeit pills purchased online.
Safety concerns are big. Pharmaceuticals may contain no active ingredients. Children’s clothing may not be flame-retardant. And extension cords may be made with a gauge of wire that is safe for a telephone, but not for larger appliances.
The most commonly counterfeited medicines are treatments for life-threatening conditions such as HIV/AIDS, tuberculosis and, especially, drug-resistant malaria. Zheng Xiaoyu, the FDA administrator executed this week, condoned and profited from such fakes.
IDGLOBAL Corp. has been a 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 and have these statements reviewed each quarter by the appropriate auditors, so when the decision is made to move to a higher board, 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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