ID GLOBAL SOLUTIONS CORPORATION (OTCBB:IDGS) ANNOUNCES THE ACQUISITION
OF FIN HOLDINGS INC. ADDING TO IDGS’S ADVANCED BIOMETRIC AND SECURE CREDENTIAL
TECHNOLOGIES
ORLANDO, FLORIDA – February
16, 2016 - ID Global Solutions Corporation (OTCBB:IDGS) ("IDGS"
or the "Company"), a leading provider of Secure Biometric Identity
and Electronic Transaction Solutions, announces its acquisition of FIN
Holdings Inc. ("FIN") and its wholly owned subsidiaries, ID Solutions
Inc. a Delaware Corporation specializing in field proven, cutting-edge
biometric fingerprint software technology and algorithms, as well as Cards Plus
SA, a South African company which provides unique secure credential products
and solutions to government customers in Africa.
The acquisition enhances IDGS’s
current Transaction Security and Financial Inclusion platforms with highly
accurate, fully integrated biometric fingerprint verification and backend
matching capabilities. Recently tested by the U.S. Government National
Institute of Standards, ID Solutions' proprietary fingerprint technology performed
in certain cases ahead of other leading fingerprint biometric companies from
around the world. This biometric
technology has also been successfully deployed by the U.S. government as a back
office AFIS solution that is used to ensure the identity of transportation workers
throughout the country, as well as in U.S. commercial markets and by other governments
worldwide in order to verify identity and secure physical and digital access.
With the addition of the
Cards Plus portfolio of physical cards and card personalization solutions, IDGS
can now provide government and commercial customers with a complete solution
for their identity programs and financial payment systems.
The purchase price of $9,000,000,
which is paid in the form of common stock of IDGS, will result in IDGS issuing 22,500,000 shares of IDGS common stock to the FIN shareholders. For more information on the acquisition, please
refer to IDGS’s Form 8-K as filed with the Securities and Exchange Commission
contemporaneously with the issue of this press release.
Thomas Szoke, IDGS's Chief Executive Officer,
stated, “Enhancing our Secure Biometric
Identity and Electronic Transaction platforms with state of the art,
high speed biometric fingerprint processing and verification technologies, delivers
enhanced security to our customers, while providing easy to use and trusted methods
of real-time identification. Identification is essential to realizing the
opportunity that global connectedness provides, so that more people may participate
in the new economy regardless of where they live or their financial status.
Full News Release at http://www.investorideas.com/CO/IDGS/news/2016/02162.asp
ID Global Solutions Corporation (OTC: IDGS)
Secure
Biometric Identity and Electronic Transaction Solutions
IDGS provides Secure Biometric Identity and Electronic
Transaction Solutions enabling
public safety, integrity and financial inclusion in a digital and mobile
economy. Founded to pioneer innovative digital identification solutions,
the Company is focused on addressing the growing need for highly secure and
convenient methods for protecting consumers’ digital presence during electronic
transactions
Contact
Thomas Szoke,President and CEO
Corporate Phone: (407) 951-8640
Forward Looking Statements
This
news release may contain forward-looking statements that are based on IDGS’s
expectations, estimates and projections regarding its business and the economic
environment in which it operates. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult to control
or predict. Therefore, actual outcomes and results may differ materially from
those expressed in these forward-looking statements and readers should not
place undue reliance on such statements. Statements speak only as of the date
on which they are made, and IDGS undertakes no obligation to update them
publicly to reflect new information or the occurrence of future events or
circumstances, unless otherwise required to do so by law.
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