IDG Holdings Inc.
NEX BOARD : IDH.H

IDG Holdings Inc.

February 01, 2007 17:48 ET

IDG Holdings Announces Closing of Sale of Integral Designs

CALGARY, ALBERTA--(CCNMatthews - Feb. 1, 2007) - IDG Holdings Inc ("IDG") (NEX BOARD:IDH.H) today announced that the sale of Integral Designs, its principal business operations, has finally closed. IDG's remaining net assets now comprise approximately $650,000 in cash and short-term investments, and a loan receivable of $270,000, and it has approximately 8.4 million common shares outstanding.

IDG has received and is considering various proposals for a reverse-takeover or investment in an entirely new type of business.

IDG is listed on the TSX Venture NEX Exchange and trades under the symbol "IDH.H".

The TSX Venture NEX Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information