IDG Holdings Inc.
NEX BOARD : IDH.H

IDG Holdings Inc.

April 12, 2006 11:30 ET

IDG Holdings Announces Risk of Collapse of Proposed Sale of Integral Designs Despite Shareholder Approval

CALGARY, ALBERTA--(CCNMatthews - April 12, 2006) - IDG Holdings Inc. ("IDG") (TSX VENTURE:IDH) today announced that the proposed sale of its principal operating subsidiary Integral Designs, to Five Keys Inc, a California private company, was approved by 89% of shareholders represented in person or by proxy, at the special meeting of shareholders held on April 10.

Unfortunately, an impediment to closing the sale, which was announced in a press release on April 4, remains, and whilst efforts continue to overcome that impediment, it now seems unlikely that the sale will close.

If the sale does collapse, IDG will continue to look for another buyer for Integral Designs, a reverse-takeover, or other opportunities to realize maximum value for shareholders.

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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