"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.
