IDG Holdings Inc.

IDG Holdings Inc.

November 13, 2008 11:43 ET

IDG Holdings Announces Proposed Share Consolidation

CALGARY, ALBERTA--(Marketwire - Nov. 13, 2008) - IDG Holdings Inc ("IDG") (NEX BOARD:IDH.H) today announced that in connection with its shareholder meeting convened for November 27, 2008, it will be proposing that shareholders authorize management to effect a four-old-for-one-new share rollback (consolidation). The rollback is being suggested in light of current financial challenges to the market. The Board will retain the discretion as to whether and when to implement the rollback, subject to regulatory approval. Other matters scheduled for the shareholders meeting include annual matters such as election of directors, appointment of auditors and ratification of the share option plan.

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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