DENVER, Jan. 4, 2016 /CNW/ -- ID Watchdog, Inc. (TSX VENTURE: IDW) (PINKSHEETS: IDWAF) ("ID Watchdog" or the "Company"), provider of consumer-facing identity theft protection and resolution services, announced today that effective January 1, 2016 (the "Effective Date") it has retained Mr. Randy Haag to provide investor relations services to the Company. The investor relations program is designed to create awareness for the Company within the financial community and to assist the Company in expanding its shareholder base by introducing the Company to brokerage firms, institutional investors, family offices and accredited investors with whom Mr. Haag has a relationship.
"Mr. Haag has over 30-years of experience working with micro-cap companies and will be a great resource in helping the Company increase awareness of and interest in the Company and to assist management in communicating its growth strategy and key initiatives for growth through his extensive network of potential investors," said Michael Greene, CEO of the Company.
The Company has retained the services of Mr. Haag for an initial period of three months (the "Initial Term"), which shall automatically be renewed for successive one month terms following the expiration of the Initial Term, unless terminated upon written notice by either party after the expiration of the Initial Term.
Mr. Haag shall be compensated U.S. $5,000 per month for his services. In addition, Mr. Haag will be granted an option to purchase up to 1,000,000 of the Company's Ordinary Shares. The options are priced at U.S. $0.11 per Ordinary Share, vest at a rate of 25% per calendar quarter during the term of the arrangement, and are subject to the terms and conditions of the Company's stock option plan and the policies of the TSX Venture Exchange.
Mr. Haag currently owns the following securities of the Company: 750,000 Ordinary Shares; 120 shares of Series C Convertible Preferred; and a total of 2,720,000 warrants to purchase Ordinary Shares with various exercise prices and expiration dates.
About ID Watchdog, Inc.
ID Watchdog was founded in 2005 and is headquartered in Denver, Colorado. The Company provides comprehensive monitoring, detection and resolution for identity theft. ID Watchdog proactively detects identity theft problems at their source and provides immediate resolution services to ensure complete peace of mind for individuals. All the Company's services have been developed with input from industry experts; national consumer advocacy groups; federal, state, and local law enforcement agencies; consumer protection agencies; and adhere to guidelines published by the Consumer Federation of America. For more information, please visit www.IDWatchdog.com.
This news release includes certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 which address future events and conditions which are subject to various risks and uncertainties. The actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. Although the Company believes that its expectations reflected in these forward-looking statements are reasonable, no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed in the company's filings with Canadian regulators at www.sedar.com. ID Watchdog assumes no obligation to update the forward-looking statements of management beliefs, opinions, projections, or other factors should they change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ID Watchdog, Inc.
Jay B. Lewis
Chief Financial Officer
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SOURCE ID Watchdog, Inc.