IDG Holdings Inc.
NEX BOARD : IDH.H

IDG Holdings Inc.

April 03, 2006 17:46 ET

IDG Holdings Announces Possible Impediment in Proposed Sale of Integral Designs

CALGARY, ALBERTA--(CCNMatthews - April 3, 2006) - IDG Holdings Inc (TSX VENTURE:IDH) ("IDG") today announced that it has encountered a possible impediment to the proposed sale of its principal operating subsidiary Integral Designs, to Five Keys Inc, a California private company. Five Keys has alleged that Evan Jones, President of Integral Designs and a director of IDG, has hampered their ability to complete the purchase and smooth takeover of Integral Designs. Consequently the board of IDG has placed Evan Jones on probation for possible conduct contrary to the best interests of shareholders. The board of IDG is reasonably confident that these issues can be resolved, and therefore the special meeting of shareholders scheduled for April 10 will proceed, whilst negotiations with Five Keys and investigation of the conduct of Evan Jones continue.

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

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

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