IDG Holdings Inc.
NEX BOARD : IDH.H

IDG Holdings Inc.

December 01, 2006 12:18 ET

IDG Holdings Announces Shareholder Approval of Management Buyout of Integral Designs and Appointment of New President

CALGARY, ALBERTA--(CCNMatthews - Dec. 1, 2006) - IDG Holdings Inc. ("IDG") (TSX VENTURE:IDH) today announced that the management buyout of Integral Designs, its principal business operation, was approved by 100% of the shareholders represented at its annual and special meeting held yesterday. The sale is expected to close shortly.

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

IDG also announced that Glynn Jones has resigned as President, and Timothy Holdsworth, a substantial shareholder and director since 1996, will replace him as President of the company.

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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