CID Holdco authorizes Series C Preferred Stock

CID Holdco authorized 9.6 million shares of Series C Convertible Non-Redeemable Preferred Stock. The action complements the company's existing capital structure and common equity obligations. The Preferred Stock is designated as convertible and non-redeemable. This filing is relevant to the company's anticipated equity financing activities. Issues related to the company's turnkey microsite construction business continue to influence market sentiment. The Series C Preferred Stock designations are subject to the requirements of the Delaware General Corporation Law.