Aspenwood Capital Raises $3.7 Million For ID Watchdog

Funds From Private Placement To Be Used For Working Capital

DENVER, Colo., July 31, 2007 – Aspenwood Capital, a Denver-based investment bank, announced today that it has completed a $3.7 million private placement for Identity Rehab Corporation, d/b/a ID Watchdog (www.IDwatchdog.com)

of Denver, which provides identity theft detection and protection services.

“Given the reputation of ID Watchdog and the growing threat of identity theft, we expected and realized a high level of investor interest for this relatively early stage company,” said Aspenwood Capital Partner Steve Ossello. “Thanks to ID Watchdog’s management team, we were happy to expand the offering to accommodate the additional investor interest.”

The funds, which will be used for working capital, will enable ID Watchdog to launch its highly targeted marketing program, strengthen operations and further grow its subscriber-based business. The funds were raised through the sale of the company’s two-year 9% convertible securities and warrants to purchase common stock.

ID Watchdog is the nation’s only identity theft protection company that provides three-tiered protection for consumers developed with assistance from select government agencies, U. S. Postal inspectors, state and local law enforcement officials, and several state attorneys general. Also, unlike its competitors, the company resolves identity theft problems at their source.

“The private placement was a success for ID Watchdog,” said Justin Yurek, president of ID Watchdog. “Working with Aspenwood, we had the benefit of a local company with an in-depth understanding of our company and how to sell our securities, and strong relationships with institutional and high-net-worth investors accustomed to investing in companies the size of ID Watchdog.”

The securities issued in the private placement have not been registered under the Securities Act of 1933, as amended. Accordingly, these securities may not be offered or sold in the United States, except pursuant to the effectiveness of a registration statement or an applicable exemption from the registration requirements of the Securities Act. ID Watchdog has agreed to file a registration statement covering resale of the securities by the private placement investors. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities.

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About Aspenwood Capital
Aspenwood Capital of Denver, Colo., the Investment Banking Division of Green Drake Capital Corp. (member FINRA), specializes in providing investment banking services to small-cap public issuers and late-stage private companies. Aspenwood Capital focuses primarily on raising capital and providing strategic advice for public companies, as well as taking private companies public through alternative public offerings.

About ID Watchdog
Headquartered in Denver, ID Watchdog is the only identity theft advocacy company that provides patent-pending 360-degree comprehensive detection, protection and resolution for identity theft. The solutions were developed with assistance from the U. S. Postal Inspectors, state and local law enforcement officials and several state attorneys general and have been endorsed by the Arizona and Colorado Bankers Associations. Since credit reports reflect only a portion of identity theft, ID Watchdog Plus™, the company's most comprehensive offering, analyzes thousands of databases in 13 critical areas, including motor vehicle, medical, criminal, Social Security and national security records, among others, and often detects activity before there is any financial or personal impact to individuals. The company's products are available for purchase by consumers or businesses either individually or as an inclusive suite. For more information please visit www.IDwatchdog.com.

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