IDS Clarifies Stock and Cash Distributions
Tuesday August 22, 2:56 pm ET
HLS and IDS to Release Pre-Market Update on Wednesday Morning
ORLANDO, FL--(MARKET WIRE)--Aug 22, 2006 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) reported earlier today that the 995ad.com division is concluding final negotiations to merge with a fully reporting publicly traded company in the next few days. 995ad.com will be the surviving company and will distribute shares to IDS common stockholders on a 1:1 basis for each share owned of IDS common shares at the time of the closing date. IDS shareholders must own the stock 3 days prior to the closing date to allow for the settlement of the trade in their respective accounts.
IDS has received requests to clarify certain points. Every investor purchasing IDS common stock (IDWD) will be eligible to receive the $2.35 cash per share from HLS, the 995ad.com distribution shares and also the HLS dividend shares already received for stock holders who previously qualified. It is necessary for IDS to separate the 995ad.com division into its own public company prior to HLS cash buyout of $2.35 per share.
Further, HLS and IDS will release a joint press release pre-market tomorrow after conclusion of Wednesday morning meeting in Dubai (Dubai time which is 8 hours ahead of United States EDT).
