ID Global Solutions Corporation Becomes Ipsidy Inc.

LONG BEACH, New York, February 7, 2017

Ipsidy Inc., formerly known as ID Global Solutions Corporation, a provider of secure, biometric identification, identity management and electronic transaction processing services, is pleased to announce the following changes as part of a reorganization of the Company.

Effective January 31, 2017, Philip D. Beck was appointed Chairman of the Board of Directors, CEO and President. An experienced payment industry professional and public company executive, Mr. Beck has been working with the Company for nearly a year. Douglas Solomon, the former Chairman remains a director and has been appointed Executive Director, Government Relations and Enterprise Security. Thomas Szoke, the former CEO & President also remains a director and takes up the new position as Chief Technology Officer.

“I am delighted to be joining the Board and taking up the reins as CEO and President,” said Philip Beck, Chairman, CEO & President of Ipsidy. “The need to secure transactions in an increasingly connected world is paramount. We believe that identity management in all its forms is the key to achieving that goal. The new mobile paradigm alleviates the need for expensive hardware to authenticate transactions and this creates access to new opportunities and services for people previously underserved.”

Mr. Beck, has extensive experience in building and operating multi-national, technology platforms and technology services companies. In 1999, Philip founded Planet Payment, Inc., was its first Chairman & CEO until 2014, and was Chairman of the Board until 2015. A NASDAQ listed provider of international payment and transaction processing services, Planet Payment now operates in more than 23 countries. In 2015 he co-founded Bridgeworks LLC, which provides office facilities to emerging companies. As a public and private company board director, Mr. Beck has managed all aspects of raising investment and investor relations. Previously, Mr. Beck practiced for almost 20 years as an international banking and corporate lawyer working with a range of businesses, from start-ups to multi-national corporations. Mr. Beck graduated from London University’s Queen Mary College with a degree in law and is admitted to practice law in England & Wales, the BVI and New York.

Also on January 31, 2017, Stuart Stoller became the Chief Financial Officer of Ipsidy. Mr. Stoller has over 35 years of experience in strategy, finance, accounting, capital markets, systems and operations. Prior to joining Ipsidy, Stuart was the Chief Financial Officer and Director for Test America Laboratories, the largest environmental testing company in North America, Associated Food Store, a specialty distributor of grocery products, and Chief Financial and Chief Administrative Officer of Sleep Innovations, Inc., a leading consumer-driven foam products company. Additionally, he served as Senior Vice President of Strategic Initiatives and Implementation at The New York Times Company and Senior Vice President, Chief Accounting Officer and Corporate Controller at Macy’s, Inc. Mr. Stoller began his career as an auditor in the Deloitte New York audit practice. He is a Certified Public Accountant and has served as a Board Member and advisor for both commercial and non-profit entities.

Doug Solomon will now be focused on promoting Ipsidy’s identity management and security products to Governments, as well as managing the sales strategy for the group’s security services and solutions and closed loop card products to corporate customers in North America and Africa. Tom Szoke will be leading product innovation for Ipsidy’s Identity Management and Security Hardware and Software Solutions and driving the business cases in providing those solutions.