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IDWD - IDS and HLS Finalize Buyout Terms and Deliver Instructions to Legal Advisors to Develop Tender Offer Documents
Tuesday August 15, 12:37 pm ET


IDS and HLS File Necessary Paperwork for UAE Major Expansion


ORLANDO, FL--(MARKET WIRE)--Aug 15, 2006 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) today announced that IDS and HLS have reached and accepted the final terms for the $2.35 cash offer for all the outstanding common stock of IDS Worldwide, Inc. IDS insiders will receive preferred stock and bonds in return for their respective IDS Worldwide, Inc. common shares. IDS and HLS have developed the final terms and instructions to enable their respective legal advisors to complete the necessary tender offer documents needed to file with the appropriate government agencies.
Additionally, IDS and HLS have completed the necessary Real Estate Purchases and Government filings to launch one of the most aggressive expansions ever in Dubai, UAE. IDS and HLS would like to extend their great appreciation to Sheikh Mohammad Khalifa Al Jumairi (http://www.lands.ae) for his great assistance with the Government Authorities of Tatweer (A Member of Dubai Holding) (http://www.tatweerdubai.com) for filing the necessary closing documents for this real estate purchase. IDS and HLS have purchased the land adjacent to the new Dubai Convention Center located in the new multi-billion dollar development just launched under the project title "The City." The City development is located in the heart of Dubai's emerging financial district and located on Emirates Road, the most influential business section in Dubai. The HLS corporate website (http://www.hlsworldwide.com) has a map showing the location of the new "The City" development where the headquarters and convention center are to be located.

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HLS Security Division has already been awarded 240 security and fire installations to begin immediately. IDS programmers and engineers have been in Dubai the past two weeks building a nationwide Security Monitoring Network mirroring the successful operations in Pakistan. IDS was informed this week that it is the fastest growing security company in the Asia Region.

This major investment in Dubai, under planning for the last 2 years, is launching a massive development and new business subsidiaries for IDS and HLS. This land purchase, unlike other land deals in Dubai, is not a 99 year ground lease, but a freehold purchase giving complete title to the land. Additionally, with IDS connections in the UAE we will be able to begin construction of the new 250,000 sq. ft. headquarters immediately as opposed to the normal 18 months waiting period for most development projects in Dubai. IDS executives have extended their stay in Dubai for another week to file the government paperwork to launch a new company IDS Consultants Worldwide LLC.

IDS Consultants Worldwide LLC. will assist companies throughout the world wishing to do business in the UAE and more specifically participate in the over $100 Billion of Development Projects underway in Dubai. IDS has already received requests from companies around the world for assistance in participating in various governments tenders currently under bid and has scheduled meeting this week signing the 1st clients for this new company. IDS Consultants Worldwide LLC will offer in-house lawyers, architects, engineers and real estate personnel to facilitate companies worldwide in successfully expanding their operations to the UAE. IDS Worldwide Consultants LLC is uniquely situated, due to relationships developed in both the government and private sector in Dubai over the last 7 years, and additionally due to the location with the new Dubai Convention Center, to assist companies desiring to conduct trade shows in Dubai and/or establishing profitable business ventures in the UAE.

IDS Consultants Worldwide LLC. will occupy office space and share research and development facilities in the new HLS headquarters in Dubai. IDS scientists and engineers who developed the biometric flash drives, biometric cell phone and technologies not yet released to the public will relocate to Dubai when construction of the research labs in the new HLS headquarters are completed. IDS software teams will remain in Pakistan developing new technologies to create additional revenue streams. IDS developers have already completed and refined the next technology to be released to the public and most likely to be the next division taken public. IDS has developed a software program (which is currently being used on www.hlsworldwide.com website) called Real Time Assistant (RTA) which allows real time communication, document transmittal and electronic online applications. This software program is similar, but with increased functionality, to Live Person™ Software sold by Live Person, Inc., a publicly traded company with a current market capitalization over $150 Million. IDS programmers developed this software in less than 6 months and a cost of less than $250,000. IDS will market RTA for 50% less per license than Live Person Software. An example of how the software works is best demonstrated in this example: An apartment complex leasing office utilizing RTA software would hear a door bell chime on the leasing office computer when a prospective tenant was viewing their online ad and/or website. The office leasing personnel would immediately be able to communicate with the prospect (similar to MSN Messenger) in real time. Continuing, if the prospect was interested in a 3-bedroom apartment, the leasing office would be able to immediately "push" to the prospect computer the 3-bedroom floor plan in PDF format that could be printed out. Finally, if the prospect wished to fill out an application for the apartment, the leasing office could activate an electronic application form on the prospect screen which the leasing office could begin to fill out for the prospect right before their eyes. This proprietary software does not require the apartment leasing office or the prospective tenant to have or load any software to use the RTA functions. The RTA software is embedded either on the apartments website or any online ad.

IDS will begin marketing this software to the Real Estate and Apartment Communities beginning in September. Last year Ebay paid approximately $415 Million to acquire Rent.com web portal which serves over 12 Million Apartments each month. Rent.com charges apartment complexes $375 for each lease generated thru the Rent.com site. IDS will market the Real Time Assistant (RTA) to the same clients for only $50 per month and will not take any of their leasing revenue. Conservative 1st year estimates of only capturing 10% market share of these apartment complexes will generate additional annual revenue of approximately $60 Million with Gross Profit Margins of 85%.

IDS software programmers and hardware engineers have several other software products in development, including an additional two that will be released to the market in the 3rd quarter of 2006.

IDS would like to reiterate, as previously stated, that the 995ad.com division will not be part of the HLS buyout offer. Steps are currently being taken to separate this division as its own company prior to the closing of HLS $2.35 per share cash buyout.

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.



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IDS Worldwide, Inc.
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http://www.hlsworldwide.com



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Source: IDS Worldwide, Inc.