IDWS UNBELIEVE: TO PROVIDE $1 DIVIDEND: IDS Worldwide, Inc. Announces Closing of HLS Buyout
IDS Worldwide, Inc. in a Letter to Shareholders to Be Released on October 12, 2005 Announcing HLS Buyout and Special Common Stock Dividend
ORLANDO, FL, Oct 11, 2005 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (OTC: IDWS) today announced that it has concluded the negotiations for the buyout of the Company's Homeland Security Division (HLS) in a deal valued at $40,000,000 before certain closing costs..
IDS also announced today the Board of Directors has decided to use 100% of the proceeds from the buyout for a one time special dividend paid to common stockholders of IDS Worldwide, Inc. stock. The letter to the shareholders will explain the payouts and ex-dividend date. The shareholders will be informed of these details in the letter to be released on October 12, 2005. IDS also announced now that the Company has concluded this transaction, IDS will now move to conclude quickly the spin-off of 995ad.com as a majority owned subsidiary to trade under its own stock symbol on the OTCBB.
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.
SUBJECT CODE: Computers and Software:Internet Computers and Software:Networking Computers and Software:Peripherals Computers and Software:Hardware Computers and Software:Software Government:International Government:Local Government:National Government:Security (law enforcement, homeland etc) Government:State Manufacturing and Production:Forest and Paper Products Manufacturing and Production:Machinery and Tools Manufacturing and Production:Mining and Metals Manufacturing and Production:Packaging and Containers Manufacturing and Production:Textiles
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