LONG BEACH, NY November 16, 2017 — authID.ai (authid.ai) [OTC:IDGS] (formerly known as ID Global Solutions Corporation), a provider of secure, biometric identification, identity management and electronic transaction processing services, today announced that it has changed its trading symbol to “IDTY”, effective Friday, November 17, 2017. Philip Beck, Chairman and CEO of authID said “In a world that is increasingly digital and mobile, “Identity” is paramount. Our identity transaction platform creates a trusted transaction, embedding authenticated identity and event details with a digital signature and using a participant’s mobile device to approve everyday transactions. Our vision is to enable an Identity Network that is as ubiquitous as today’s electronic payments system.” Mr. Beck added “Changing our symbol to “IDTY”, representing identity, aligns our trading symbol with our mission, delivering Identity as a Service to secure everyday transactions.” In addition to the change in symbol the CUSIP of the Company’s common stock has been changed to 46264C107. There are no other changes to the Company, or its securities.
authID is a provider of secure, biometric identification, identity management and electronic transaction processing services. authID is headquartered in New York and has the following operating subsidiaries: MultiPay S.A.S. in Colombia www.multipay.com.co and Cards Plus S.A. in South Africa. www.cardsplus.co.za. Our identity transaction platform creates a trusted transaction, embedding authenticated identity and event details with a digital signature and using a participant’s mobile device to approve everyday transactions. Our platform is being designed to use biometric and multi-factor identity management solutions, which are intended to support a wide variety of electronic transactions. We believe that it is essential that businesses and consumers know who is on the other side of an electronic transaction and have an audit trail, proving that the identity of the other party was duly verified. We are therefore developing solutions on our identity platform intended to provide our customers with the next level of transaction security, control and certainty for everyday transactions.
Further information on authID can be found at authid.ai or contact us at email@example.com.
Philip D. Beck, Chairman, CEO & President
Stuart P. Stoller, CFO PhilipBeck@ipsidystaging.wpengine.com StuartStoller@ipsidystaging.wpengine.com