IDG Holdings Inc.
NEX BOARD : IDH.H

IDG Holdings Inc.

March 22, 2007 18:51 ET

IDG Holdings Advised of Proposed Change of Control

CALGARY, ALBERTA--(CCNMatthews - March 22, 2007) - IDG Holdings Inc (NEX BOARD:IDH.H) ("IDG") today announced that it has been informed that five principal shareholders representing over 4.4 million or 53% of the 8.4 million outstanding IDG common shares, have signed an agreement to sell their shares in an exempt take-over bid offer made by Vancouver businessman, Xen Stefanopoulos, who will be involving other investors in the purchase prior to closing. The closing date is set for on or before April 30, 2007.

The directors of IDG understand that the new controlling shareholders intend that IDG will invest in a new business venture after closing, subject to TSX Venture Exchange approval. A further announcement will be made in the near future.

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

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

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