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Press Release Source: IDS Worldwide, Inc.


IDS Worldwide, Inc. Updates SEC Rule 10b-17 Filing and 995ad.com IPO Plans
Thursday March 23, 9:10 am ET


IDS Announces New Record Date for Special Dividend


ORLANDO, FL--(MARKET WIRE)--Mar 23, 2006 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) previously announced that in discussions with the NASD certain components of the HLS transactions could not be completed in time to meet the 10-day notification requirement under SEC Rule 10b-17 and still maintain the record date for the Special Dividend previously announced as March 17, 2006. If IDS were to maintain the record date of March 17, 2006 certain closing transactions not completed at this time would have caused substantial shareholders dilution if closed after the ex-dividend date.
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IDS has previously informed the NASD that it would delay the record date for a short period of time in order to complete all aspects of the HLS transaction before the special dividend payout to insure its objective of long-term shareholder value. IDS legal and accounting advisors have now determined that all components of the HLS transaction will be completed in its entirety to comply with all aspects of SEC Rule 10b-17 by April 21, 2006. The new record date for the Special Dividend will be one week later on April 28, 2006 with a payment date of May 15, 2006.

IDS CEO Patrick Downs stated, "While IDS understands that its shareholders are anxious for this transaction and special dividend to conclude, IDS did not feel by keeping the record date of March 17, 2006 and declaring the dividend would have provided short-term satisfactions by most shareholders, the same shareholders would have been deeply affected long term by having certain closing conditions conclude post dividend and decreasing long-term shareholder value and/or dilution." IDS is confident that this short-term postponement of the record date has benefited shareholders long-term value for both IDS shareholders and future holders of the HLS common stock.

IDS also announced today that its previously reported plans for an IPO for its 995ad.com division should be concluded with the company's legal advisors in meetings in Palm Beach, Florida on March 29-31, 2006. IDS is currently finalizing negotiations for an equity purchase involving 995ad.com prior to the IPO. These negotiations should be concluded prior to IDS meetings in Palm Beach, Florida next week.

The IPO for IDS 995ad.com division will also involve issuing free trading common stock and warrants in 995ad.com to shareholders of IDS common stock (IDWD) at the time of the filing. The transfer agent will provide IDS with a list of all shareholders at the time of the filing so these shareholders pro-rata shares can be registered with the IPO in accordance with SEC regulations allowing the share to be free trading upon issuance. IDS plans to offer the shares in the 995ad.com IPO at $5.00 per unit consisting of one common share and one warrant with an exercise price of $7.50 valid for 3 years.

For further information: http://www.ids-worldwide.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:
Contact:
IDS Worldwide, Inc., Orlando
[e-mail]



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