Avalon Technology Grp (fka AVLN)

[sludgehound]

Pre-Market Update August 15,

IDS and HLS to Release Pre-Market Update August 15, 2006

By Market Wire
Last Update: 8/14/2006 12:21:33 PM Data provided by

ORLANDO, FL, Aug 14, 2006 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (PINKSHEETS: IDWD) just announced the conclusion of 16 hours of meetings with HLS in Dubai, UAE. It is currently 9pm in Dubai so HLS will have to wait until morning in Dubai to file necessary documents. Immediately following the official filing of transaction documents with the UAE government, IDS and HLS will issue a joint press release pre-market in the United States with additional transaction details.

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.

SOURCE: IDS Worldwide, Inc.