Business News

VERSA CARD, INC., Formerly Intrepid Global Imaging 3D, Inc., Completes Acquisition of Asian Based Smartcard Company

Wednesday 30. April 2008 - The Philippines Based Company Has Extensive Strategic Ties To Commercial, Banking And Governmental Interests Throughout Asia

VERSA CARD, INC., formerly Intrepid Global Imaging 3D, Inc. (BULLETIN BOARD: IGLB) today reported that it completed the acquisition of 100% of the stock of First Versatile Smartcard Solutions Corporation (“FVS”), a private Philippine company solely owned by the MacKay Group Limited, a Hong Kong company (MKG) pursuant to a Stock Purchase Agreement (the “SPA”). The Company will be filing the required 8K and any other related documents in a timely manner.

The transaction as described in the Stock Purchase Agreement has been completed as of April 28, 2008. The transaction was not a “merger” but an acquisition by the Company of 100% of the issued, authorized and outstanding shares of FSV such that FSV is now a wholly owned subsidiary of the Company.

The initial announcement of an agreement between these parties (the “Merger Agreement”) had initially been included in an 8-K filed November 27, 2007 stating that the Company had entered into a Material Definitive Agreement. The parties terminated the Merger Agreement and executed the Stock Purchase Agreement. The material consideration terms of the Merger and Stock Purchase agreements are substantially similar. The main change is in the form. All steps required to complete the transaction have been taken and have been fully approved and ratified.

The Company now has an entirely new Board of Directors and Officers.

The Board of Directors consists of three (3) members: James R. MacKay (Chairman), Zacarias Rivera and Dr. William Donovan. James R. Mackay is the Chief Executive Officer and Dr. William Donovan is the Company’s Secretary.