SALT LAKE CITY, UT / ACCESSWIRE / November 5, 2015 / Infrastructure Developments Corp. (OTC: IDVC and "the Company") announced today that is has entered into a joint venture with EverForce Energy, Inc. to market and distribute magnetic transducer generators ("MTG"s) and other Everforce products in Nigeria, South Africa, and other countries in Africa and the Middle East.
Ontario, Canada based EverForce Energy is focused on creating zero-emissions, high-efficiency, and scalable energy solutions through advanced innovations in engineering. EverForce holds patents on MTG-related technology and solar panel efficiency enhancement technology, amongst others.
"We have worked with EverForce founders in the last 12 months and introduced them to MTG buyers in Africa that resulted in over $10 million in purchase orders," commented IDVC CEO Eric Montandon. "Our contacts in the region will result in increased exposure to this brilliant technology owned by EverForce."
Terms of the joint venture include sharing in sales revenue, license sales revenue, and an option for a future minority equity exchange between IDVC and EverForce. IDVC will also have the opportunity to commission Everforce power plants in the region.
"EverForce has engineering technologies that have been under research and development process for more than 15 years," said EverForce CEO Brooke Askin. "Our product has been tested and proven by institutional users, and we are now in position to sell large output MTG units to the public and private sectors around the world where demand is highest. IDVC has the knowledge of these high demand regions and contacts that can help us accelerate sales."
Infrastructure Developments Corporation:
IDVC is a US publicly listed project management and engineering firm, headquartered in the United States. IDVC's mission is to bring world-class execution to the international construction and project management industry and to expand into selected complementary businesses in high-growth international markets. The Company is currently focusing on marketing efforts for prefabricated housing in North America, the Middle East, and parts of South-East Asia. The Company also offers project management services for various types of construction projects.
Forward-Looking Statements:
A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties including the Company's development, competitive market conditions, and its prospects for securing additional sources of financing as required. The actual results that the Company may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. The Company encourages the public to read the information provided here in conjunction with its most recent filings on Form 10-Q and Form 10-K. The Company's public filings may be viewed at www.sec.gov.
Contact:
Eric Montandon - CEO
Infrastructure Developments Corp.
eric@idvc.us
www.idvc.us
+1 (801) 488 2006
SOURCE: Infrastructure Developments Corp.
