IDH.H IDG Holdings Inc

IDG Holdings Inc ("IDG") (NEX BOARD:IDH.H) today announced that in connection
with its shareholder meeting convened for November 27, 2008, it will be
proposing that shareholders authorize management to effect a
four-old-for-one-new share rollback (consolidation). The rollback is being
suggested in light of current financial challenges to the market. The Board will
retain the discretion as to whether and when to implement the rollback, subject
to regulatory approval. Other matters scheduled for the shareholders meeting
include annual matters such as election of directors, appointment of auditors
and ratification of the share option plan.


IDG is listed on the TSX NEX Exchange and trades under the symbol "IDH.H".

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