Message #1 From:
NewsBot Date: November 6, 2006 02:36:00 PM
IDGJ News IDGlobal has Solution for Exxon Mobil
KELOWNA, British Columbia--(BUSINESS WIRE)--IDGlobal (Pink Sheets:IDGJ) has fulfilled the first series of orders
from ToolWatch Corporation. IDGlobal, through its agreement with
ToolWatch, is helping Mobil Producing Nigeria, a subsidiary of Exxon
Mobil Corporation, stop asset losses in its warehouses.
ToolWatch is deploying IDGlobal's theft prevent technologies for Mobil
Producing Nigeria to secure its warehouse stock and assets, which
have a total worth of more than $100 million. These items keep the
company’s oil production up and running,
assisting with everything from facility maintenance to construction
projects. Mobil Producing Nigeria chose IDGlobal's the theft prevention
technologies to deter theft of various items within their warehouse,
including computers, oil pumps and electrical lighting supplies.
Implementation of the forensic identification system and has been
deployed successfully for the past several months.
Nigeria has long been known for its high level of crime, including
theft, especially within the country’s
volatile oil industry. Forced with combating rampant theft by
individuals within and outside the organization, Mobil Producing Nigeria
was particularly attracted to the IDGlobal's energy sensitive molecular
tagging system because the substance is both permanent and tamper proof.
When users apply the taggant to an item, it penetrates the surface to
bind to the substrate at the molecular level. This means the marking
cannot be removed from the object, even if it is melted down. Because it
is tamper proof, it provides a foolproof method of identifying an item’s
proper ownership if it is stolen. Once applied, the marking is invisible
to the human eye, but can be read with a handheld scanner. ToolWatch
utilizes IDGlobal's theft prevention signage for display throughout the
warehouse to notify employees and visitors that all items are identified
with the owner’s mark. This provides an extra
level of theft deterrence.
IDGLOBAL manufactures and sells proprietary security products for
Anti-Counterfeiting and Loss Prevention markets. The principals of
IDGLOBAL have established a multi-year track record aiding in the
protection of corporate assets such as tools, raw materials, inventory,
computers, works of art, sports memorabilia, diamonds, etc. for many
major companies across North America. IDGLOBAL operates in Canada and
the U.S.A. The Company is reviewing key alliance and acquisition
opportunities to help it fast track growth and profitability.
About ToolWatch Corporation
Founded in 1991, ToolWatch is the world’s
leading provider of tool tracking and management systems, combining
easy-to-use ToolWatch data collection devices with a powerful database
system. Its technology enables the tracking and management of equipment
inventory from the office, tool crib or any field location, delivering
significant savings of both time and money to companies of all sizes. In
addition to its core competency of tool and equipment management,
ToolWatch systems also facilitate billing, purchasing and theft
prevention functions. ToolWatch has more than 6000 installations in 20
countries around the world. Its client base includes General Electric,
AT&T, J.E. Dunn, Parsons Electric, Inc., Peter Kiewit Sons', Inc.,
Turner Industries Group, L.L.C., Caterpillar, Chrysler Motors, Lockheed
Martin, Proctor and Gamble, Lucent Technologies, W.G. Yates & Sons
Construction Co. and Walt Disney World. For more information, visit www.toolwatch.com.
This press release contains forward-looking information within the
meaning of section 27A of the Securities Act of 1933 and section 21E of
the Securities Exchange Act of 1934 and is subject to the Safe Harbor
created by those sections. This material contains statements about
expected future events and/or financial results that are forward-looking
in nature and subject to risks and uncertainties. Such forward-looking
statements by definition involve risks, uncertainties and other factors,
which may cause the actual results, performance or achievements of
IDGLOBAL Corp to be materially different from the statements made herein.