IDGlobal Corp. announced to shareholders that Mr. Dean Philpot, President of IDGLOBAL's Oil and Gas division has been appointed to the Board of Directors of IDGLOBAL. Since taking over the oil and gas division for IDGC, Mr. Philpot has taken on several immediate strategic initiatives. As an immediate example, he recently outlined a plan to utilize the current oil/gas ratio discrepancy to the advantage of IDGC and its shareholders. As well, Mr. Philpot's entrepreneurial skills include his talent for creating start ups that became multi-million dollar developments while training over 12,000 distributors world-wide.

IDGlobal Corp. announced the appointment of Mr. Dean Philpot as the president of IDGLOBAL's Oil and Gas division. Philpot began his career in the oil patch working for the family businesses, Master Drillers Inc. and Standard Energy. Master Drillers operated 5 contract rotary drilling ring in the Ft. Worth Basin and in West Texas based out Mineral Wells, Texas. Standard Energy drilled and developed more than 60 wells in Young, Throckmorton, King, Palo Pinto and Cotton County Oklahoma. Eventually Mr. Philpot formed a partnership in Dallas to broker and buy producing properties as well as drill and develop others. Later, Mr. Philpot worked for Consolidated Oil & Gas Inc. (Humble, TX) and them became president of Hidalgo Exploration & Production Company Inc. of Kingwood, TX. During this 30 year career he personally leased over 100,000 acres of land in Texas and Oklahoma and has been involved in the drilling of over 150 oil and gas wells.

IDGlobal Corp. (IDGC) announced that its management is currently seeking additional oil and gas assets within the Permian Basin to compliment their already existing oil and gas portfolio. It added, “While securing financing during this difficult time, IDGC Management is forced to identify creative outlets to secure potential acquisitions while the price of crude is still depressed from earlier highs that have reached $147 per barrel seen in 2008 in order to capitalize on the current contango curve in the oil futures.” IDGC Management added, “The priority to secure additional oil and gas assets within the Permian Basin is critical to our short term growth strategy. We feel that it is imperative to secure debt financing to purchase these potential acquisitions for two specific reasons. The first being that although debt financing will burden our balance sheet, it will also be a non-dilutive process for our IDGC shareholders. Additionally, we feel the price of crude will follow its current contango environment allowing IDGC to be in the position to capitalize on the upswing of crude pricing. The firm added, “As evident by the current crude pricing environment, many current acquisition opportunities exist within the Permian Basin. IDGC Management is currently working diligently to capitalize on these opportunities in order to provide potential shareholder appreciation.”