IDG Holdings Inc. announced that effective immediately Richard Ko and Peter Born have been appointed as directors of the Company. Messrs. Ko and Born fill the vacancies created by Kim Johnson and Stephen Diakow who have resigned as directors of the Company. Following the appointments, the board of directors of the Company consists of Mark Ferguson, Richard Ko and Peter Born. It is not anticipated that any of the current directors of the Company will remain with the Resulting Issuer following completion of the Proposed Transaction.