Northern Cheyenne Nation Appoints IGDC Exclusive Financial Advisor; IGDC To Advise Tribe on Strategic Business Development.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- Indigenous Global Development Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :IGDC IGDC Internet Global Development Corporation ) today announced the formal signing of a contract appointing Indigenous Global Development Corporation as the senior financial and strategic economic advisor for the Northern Cheyenne Nation. This appointment authorizes IGDC to exclusively develop a strategic financial business plan to create economic self-sufficiency including long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. restructuring on behalf of the tribe. The IGDC planning includes upgrading the tribe's timber mill to meet the high demand for timber, a 30-megawatt wind energy project, development of 900 new homes, financing of approximately $330 million for the development of two tribal casinos on tribal lands in Colorado and near the Wyoming border in Montana and a 100 million board-feet land trust. IGDC and the Northern Cheyenne is also seeking methods and funding for its present healthcare programs to address the high incidence of diabetes in the Northern Cheyenne community. Although the Northern Cheyenne Tribe has vast hydrocarbon resources they can develop to address their high unemployment rates, health problems and dependent impoverished conditions, it has chosen to take a development direction using alternative energy resources that would be more environmentally responsible and culturally appropriate for attaining socio-economic self-sufficiency and independence. "The Northern Cheyenne is pleased to find a Native American owned and managed company that can work with us as we aggressively move to create jobs and opportunities for our people," said Geri Small, Chairperson of the Northern Cheyenne Nation. "I'm excited about this native partnership to create a new and prosperous Cheyenne Nation. "This partnership will create a substantial economy for the Northern Cheyenne and move this tribal nation toward economic self-sufficiency," stated Deni den·i n. pl. deni See Table at currency. [Macedonian.] Leonard, Chairman and Chief Executive Officer, Indigenous Global Development Corporation. About Indigenous Global Development Corporation Indigenous Global Development Corporation (IGDC) is the first majority owned publicly traded Native American corporation. IGDC's goal is to provide strategy, financial and investment tools to deliver economic development, empowerment and financial self-sufficiency for Native Americans across the U.S. and for indigenous people worldwide. Investment financing, tribal energy creation and pharmaceutical development for Native American communities are its primary tools to create positive change in Indian Country. Its parent company is United Native Depository Corporation. You can find more information about Indigenous Global and United Native Depository Corporation at www.igdc1.com and www.undc1.com. About the Northern Cheyenne Nation The Northern Cheyenne Nation is a federally recognized Indian Tribe INDIAN TRIBE. A separate and distinct community or body of the aboriginal Indian race of men found in the United States. 2. Such a tribe, situated within the boundaries of a state, and exercising the powers of government and, sovereignty, under the national organized under an amended Constitution and Bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an and Corporate Charter approved pursuant to the Indian Reorganization Act Indian Reorganization Act, legislation passed in 1934 in the United States in an attempt to secure new rights for Native Americans on reservations. Its main provisions were to restore to Native Americans management of their assets (mostly land); to prevent further of 1934, 25 U.S.C. subsec. 462 et.seq. The Northern Cheyenne Reservation is located in Rosebud and Bighorn Bighorn, river, United States Bighorn, river, 461 mi (741 km) long, formed in W central Wyo. by the confluence of the Wind and Pop Agie rivers and flowing north to join the Yellowstone River in S Mont. counties in southeastern Montana and comprised of 442,056 acres. Note to Editors: Copyright (C) Indigenous Global Development Corporation, 2004 |
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