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9:37 AM IDS Worldwide, Inc. Updates Special Dividend Payment Decision
IDS Worldwide, Inc. Updating Special Common Stock Dividend and Ex-Dividend Date
ORLANDO, FL, Oct 17, 2005 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (OTC: IDWS) today updated the Company's previous Press Release that it has concluded the negotiations for the buyout of the Company's Homeland Security Division (HLS) with the closing deal determined to be now valued at $41,500,000 before certain closing costs.
IDS also previously announced that the Board of Directors has decided to use 100% of the proceeds from the buyout for a one-time special dividend paid to common stockholders of IDS Worldwide, Inc. stock after various closing costs. IDS has been advised by Counsel that audits for the breakout of the Homeland Security Division (HLS) must be completed to determine the exact dividend after closing costs and corporate tax considerations for the one-time special dividend payment to the common stockholders of IDS Worldwide, Inc. These steps are required since IDS Worldwide, Inc., under the negotiated buyout terms, is not selling the entire HLS division and the IDS will maintain ownership in the new entity.
IDS auditors of its overseas HLS Division operations are scheduled to be completed this week and then will be combined and audited by US Tax Counsel. US Tax Counsel will take approximately 10 days for this review. Certain final closing agreements have now upgraded the range of the one-time special dividend value to the shareholders to $.87 and $1.01 per common stock share of IDS Worldwide, Inc.
Finally, IDS counsel has informed the Company that under Rule 10b-17 there is a 10-day window prior to "any dividend record date." Therefore, any investors buying the stock up to the ex-dividend date will be eligible to receive the full value of the one-time special dividend. Due to tax considerations faced both by the Company and individual common shareholders, IDS Board of directors has decided to solicit shareholder input thru a shareholder vote subsequent to the completed breakout audit of the Homeland Security Division (HLS) regarding the timing of the payment of the special one-time dividend payout and the structure of said payout. All shareholders will receive the proper documents via mail from IDS Worldwide, Inc. though the Company's Transfer Agent. IDS feels it is more equitable to allow all shareholders to determine and assess the tax implications and timing of the one-time special dividend that will affect each shareholder.
IDS is not issuing any additional shares of IDS Common Stock in connection to this transaction so there will be no dilution to common stock holders of IDS Worldwide, Inc. IDS has not concluded the negotiations for licensing the technology of the Company's various Biometric Technologies and this will not delay the closing but will conclude as a separate transaction.
For further information: http://www.ids-worldwide.com and http://www.995ad.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Contact:
IDS Worldwide, Inc., Orlando
info@ids-worldwide.com
SOURCE: IDS Worldwide, Inc.
CONTACT: mailto:info@ids-worldwide.com
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Computers and Software:Networking
Computers and Software:Peripherals
Computers and Software:Hardware
Computers and Software:Software
Government:International
Government:Local
Government:National
Government:Security (law enforcement, homeland etc)
Government:State
Manufacturing and Production:Forest and Paper Products
Manufacturing and Production:Machinery and Tools
Manufacturing and Production:Mining and Metals
Manufacturing and Production:Packaging and Containers
Manufacturing and Production:Textiles
Computers and Software:Internet
Oh they've slowed alright. Many of the stocks are dead these days, unlike before the summer. I mean you can't just have companies withdrawing hundreds of millions from the penny markets to pay off their debts and expect everything to be dandy. Those 200+% you speak of only 10% of the shareholders will benefit from, the rest are f'cked.
No wonder the penny markets have been slow in the last couple of months
Sh.t!!! DRDF has an accumulated deficit of $111 million and paid $82 million of that with the market's money. The company is still over $30 million in the hole. RUN! RUN! You guys have to be careful with these companies that have huge debt and run hundreds of percentages in a day. It's all a setup for the MM's to dump massive amounts of shares on the market.
IDWS little pull back EOD. Could be in anticipation of news.
IDWS volume now 1.2 mil. Good price @ 0.48.
IDWS looks ready for the next leg. Vol 1.1 mil.
IDWS good buy opp. here. Volume 1.023 mil.
DDSI hitted, ooops no, hits 0.0006
LOL sorry that should have been hits LOL
DDSI once hitted 0.0035+
DDSI looks like a repeat of the last run from this level
HMSG getting some attention
DDSI getting a lot of buzz
Is TWOG safe? News is same as last week and volume is low.
DDSI ut! Got a lot of 9 mil hits yesterday.
IDWS breaking past 0.60
Yep IDWS seems the shorters have been containing her
Thanks. Keep an eye out on IDWS, it is far from over.
IDWS looking good. 2.4 mil traded today. Been having strong volume and strong runs for a couple of days now. The march is still far from over.
Man why are known bashers even allowed to post here? BAN THEM! BAN THEM!
The cash dividend is for the sale of the homeland security division, which brought in $41.5 million. The other stock dividend that is to be issued later is for the spin off of the 995ad.com division. Let's face it, insiders will be benifiting the most from the dividends, since they own 94% of the OS. At least we can have a piece of the pie by buying IDWS.
Signing off. C ya later.
What else can it be? They stated the dividend will be between $0.87 and $1.01!
A nearly 200% cash dividend LOL Technically worth 10 times more than the current price with an EPS of 0.21-0.23
IDWS that is a nice chart
IDWS break 0.60! BRAEK OUT! BREAK OUT!
IDWS hits 0.60!!! Ready for break out!
IDWS still bellow 10% of technical worth
IDWS at HOD; Vol half float at 1.25 mil
IDWS 0.53 ready to challenge HOD
IDWS looks ready for break out. Volume 1 mil/float 2.5 mil.
ZENX WTF it will be making min $65 mil in Q3 and Q4. Is that common? And the float is only 19 mil.
IDWS best value out there. Not only EPS 0.21-0.23, but $1 dividend and a $41 million sale. I say MAN!!! And I mean Man!!!
IDWS IDWS IDWS TO DECALRE A 0.87-1.01 DIVIDEND WOWWWWWWWY BIG NEWS OUT TODAY:
IDS Worldwide, Inc. Updates Closing of HLS Division Buyout
IDS Worldwide, Inc. Updating Special Common Stock Dividend and Ex-Dividend Date
ORLANDO, FL, Oct 13, 2005 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (OTC: IDWS) today updated the Company's previous Press Release that it has concluded the negotiations for the buyout of the Company's Homeland Security Division (HLS) with the closing deal determined to be now valued at $41,500,000 before certain closing costs..
IDS also previously announced that the Board of Directors has decided to use 100% of the proceeds from the buyout for a one time special dividend paid to common stockholders of IDS Worldwide, Inc. stock after various closing costs. IDS has been able to determine the one time special dividend value to be higher than the previously announced range of $.37 to $.87. Certain final closing agreements have now upgraded the range of the one time special dividend value to the shareholders to $.87 and $1.01 per common stock share of IDS Worldwide, Inc. IDS hopes to conclude in the next 48 hours discussion with Tax counsel to determine the exact dividend after closing costs and corporate tax considerations. In any event the value will be at least $.87 per common stock share.
Finally, IDS counsel has informed the Company that under Rule 10b-17 there is a 10 day window prior to "any dividend record date." Therefore, after the one time special dividend value is determined after tax questions completed in the next 48 hours the ex-dividend date will be set and any investors buying the stock up to the ex-dividend date will be eligible to receive the full value of the one time special dividend.
IDS is not issuing any additional shares of IDS Common Stock in connection to this transaction so there will be no dilution to common stock holders of IDS Worldwide, Inc. IDS has not concluded the negotiations for licensing the technology of the Company's various Biometric Technologies and this will not delay the closing but will conclude as a separate transaction.
For further information: http://www.ids-worldwide.com and http://www.995ad.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.
Contact:
IDS Worldwide, Inc., Orlando
info@ids-worldwide.com
SOURCE: IDS Worldwide, Inc.
CONTACT: mailto:info@ids-worldwide.com
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Financial Services:Venture Capital
Government:Security (law enforcement, homeland etc)
Repost on IDWS: Cash is king. Buybacks and cash dividends are what the markets are intended for. Both pump an influx of cash onto the market, which keep the market healthy and growing. A stock dividend is less desirable not only because it puts a strain on the market, but also because a cash dividends attract more shareholders because they are a guaranteed dollar value. You can't simply dump $40 million worth of shares onto the market and expect each shareholder to receive $1 per share; no way, especially during this tough time. Be happy all you'll lose is the tax percentage. A lot of corporations are starting to make big bucks, and I hope they share the profits with the rest of us; it will be the fair thing to do. IDWS should be commended for what it is doing, and hopefully it is an example to the other sucessful companies.
Cash is king. Buybacks and cash dividend are what the markets are intended for. Both pump an influx of cash onto the market, which keep the market healthy and growing. A stock dividend is less desirable not only because it puts a strain on the market, but also because a cash dividends attract more shareholders because they are a guaranteed dollar value. You can't simply dump $40 million worth of shares onto the market and expect each shareholder to receive $1; no way, especially during this tough time. Be happy all you'll lose is the tax percentage. A lot of corporations are starting to make big bucks, and I hope they share the profits with the rest of us; it will be the fair thing to do. IDWS should be commended for what it is doing, and hopefully it is an example to the other sucessful companies.
Man expenses must be going through the roof. This company needs to do more in less time. Can't wait to see what the K1 has in store for the company.
TWOG accidentally sold that one, hoping to get back in soon.
TNOG going to the sh.tters. Expected well completion today, and a $150K/month profit. Been too long on completing that well; expenses must be going through the roof. Wouldn't be surprised if they diluted some. Hope by the time TNOG becomes a real company, we haven't moved on to alternative energy. LOL
IDWS has no comparisons in the pennies.
ZENX amazing value.
ZENX very nice news! I'm in. IDWS on a dip with half the float traded already.
IDWS went from last trade @ 0.40 to 0.48