IDGlobal Corp. Announces Subsidiary Noveda Technologies Has 383 Percent Increase in Year Over Year Revenue and Has Retired 1.2 Billion Out of 6 Billion Common Share Goal
IDGlobal Corp. (OTC PINK:IDGC) reported a remarkable 383% increase in year-over-year revenue from its subsidiary Noveda Technologies. Noveda's patented technology aids in reducing energy and water usage while optimizing renewable energy systems. The CFO, Sebastien C. DuFort, highlighted plans for continued growth and the transition to a Software as a Service (SaaS) model. Additionally, IDGC aims to retire 6 billion common shares, having already retired 1.2 billion. This strategic focus positions IDGC for expansion in 2022.
- 383% increase in year-over-year revenue from Noveda Technologies.
- Transitioning to a pure play Software as a Service (SaaS) model.
- Plan to retire 6 billion common shares, with 1.2 billion already retired.
- None.
WHEATON, IL / ACCESSWIRE / October 14, 2021 / IDGlobal Corp. (OTC PINK:IDGC) is pleased to announce its subsidiary Noveda Technologies has a
The Company CFO, Sebastien C. DuFort stated "We are extremely excited about the continued success of increasing revenue along with the multiple upgrades we have made to the operating system in 2021. Our revamped platform to be a pure play Software as a Service (SaaS) provider, has paid off and we plan on the continued expansion of Noveda's footprint worldwide in 2022." "On another note, the company is focused on retiring at least 6 Billion common shares in Q4 2021 and have retired 1.2 Billion common shares thus far."
The company completed a strategic investment in Noveda Technologies in July 2019 and acquired a majority stake in Noveda Technologies as part of this strategic investment in October of 2019.
ABOUT NOVEDA
Noveda Technologies is an innovative leader in real-time, web-based energy and water monitoring. The company's patented software solutions help reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers across commercial, retail, government, education, and utility sectors. Currently, headquartered in White Plains, New York.
IDGC's Plan of Operations.
IDGC is an emerging growth company under the JOBS Act of 2012 and, as a diversified holding company, will focus on emerging and middle-market international investment opportunities through its subsidiaries. IDGlobal Corp. is an organization engaged in the business of fostering early-stage companies through the different developmental phases until the companies have sufficient financial, human, and physical resources to function on their own.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.idglobalcorp.io.
CONTACT
Investor Relations: 855.464.2535, press 1.
SOURCE: ID Global Corporation
View source version on accesswire.com:
https://www.accesswire.com/668096/IDGlobal-Corp-Announces-Subsidiary-Noveda-Technologies-Has-383-Percent-Increase-in-Year-Over-Year-Revenue-and-Has-Retired-12-Billion-Out-of-6-Billion-Common-Share-Goal
FAQ
What is the recent revenue growth for IDGC's subsidiary Noveda Technologies?
What are IDGC's plans regarding common shares?
How is IDGC transitioning its business model?
What sectors does Noveda Technologies serve?
How does Noveda Technologies help its customers?
