IDGLOBAL Reports Net Loss For 2006
KELOWNA, British Columbia - IDGLOBAL, a leader in proprietary security products for Anti-Counterfeiting and Loss Prevention, reported revenue of $397,814.24 USD and total expenses of $675,264.91 USD for a net loss of $277,450.67 USD.
IDGLOBAL Management is pleased with its revenue results so early into the company’s existence. In Q1 and Q2 of 2006, IDGLOBAL was engaged in activities designed to build a strong, dynamic and efficient corporate, sales and management infrastructure. In Q3 and Q4, 2006, IDGJ Management was able to penetrate key markets and develop corporate relationships that form the initial and long-term success in proliferating its deliverables across a multitude of Corporate Idioms.
“One of the things that most influenced my decision to be a part of the IDGLOBAL team was the level of care and prudence IDGLOBAL Management has displayed in operating and growing the business as one can see on IDGLOBAL’s balance sheet. Maintaining and improving IDGLOBAL’s current ratio of 12 to 1 are one of my goals through growing revenues and retaining earnings while always watching our fixed and variable cost structure. In less than a year, the IDGLOBAL team has been able to implement their business model and develop impressive revenues early in the company’s infancy. They have also developed intense industry excitement across multiple sectors internationally as evidenced by the number of trials and discussions underway with various Corporations and business leaders. Fiscal year 2007 will mark IDGLOBAL’s first full year of executing their business plan and I am excited to lend my experience to accelerate revenues in the most cost effective way,” says Marc Hamilton IDGLOBAL’s COO.
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