Can you say gappage .25*.29
Oct 10, 2005 8:03:03 PM
Oct 10, 2005 (M2 PRESSWIRE via COMTEX) --
MarketGainer.com strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. MarketGainer.com has identified the following company based on these criteria. IDS Worldwide Solutions (OTCPK: IDWS), a company that has over a decade of experience in the design and implementation of custom software solutions both for small companies and large scale global corporations.
IDS Worldwide Solutions is continuing to prosper as the share value is up over 6% on 614 000 shares trading hands in the marketplace. The company's share price made solid leaps forward every day of last week and the same trend is being passed on to the start of this week. The share value is currently positioned at $.24, an increase of 5 cents from the closing price on Friday. The rise in the company's stock is evident today as a result of this morning's press release by IDS Worldwide Solutions announcing that none of IDS Office Towers or Manufacturing Facilities incurred any damage from this past weekend's earthquakes in the Pakistan and India regions.
The earthquake, measuring 7.6, has been deemed as the country's worst natural disaster. The company's operations are not adversley effected in spite of the recent tragedy in the region.
IDS also announced today the Board of Directors is continuing its discussions regarding the issuance of a special dividend payout to the common stockholders of IDS Worldwide, Inc. from the proceeds of the sale of IDS Homeland Security Division. IDS will discuss dividend options with Legal and Tax Counsel today. IDS believes a special dividend to common stockholders is the best way to increase shareholder value. The exact special dividend value has not been calculated but will range from $.37 to $.87 per common share. IDS will announce the completion of the Division sale and dividend plans after its meetings with counsel.
IDS saw its share price rise in substantial fashion last week because of news regarding the two buyout offers for the company's Homeland Security Division. IDS requested both bidders to turn in their final offers by close of business October 7, 2005. The company will accept the higher of the two offers currently on the table. This deal is expected to close in the coming week regardless of which offer is accepted.
Market Gainer will monitor the financial developments pertaining to this global company as it looks to come to a decision on the buyout offer and the special dividend payout to its common stockholders from proceeds of the aforementioned sale of its Homeland Security Division. IDS could receive another wave of investor interest upon the release of more news in the coming weeks.
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