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MarketGainer.com: Market Gainer Releases Profile for IDS Worldwide Solutions
Oct 13, 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 (OTCBB:IDWS), a company that has invested seven years and millions of dollars in developing technology, infrastructure, personnel, and expertise in today's hottest global growth market segments, as well as engineering, manufacturing, software development, homeland security, and biometric identification systems with operations in the United States, the U.S. Virgin Islands, and Lahore, Pakistan. IDS has experience in all aspects of international trade and supply chain solutions.
IDS is surging ahead in the market today up 38% on just under 1 million shares trading hands. Since Friday of last week the share price for the company has jumped from $.20 to $.36 by the end of the market yesterday. The rise of the company's share value over the last week was in response to IDS's announcement on Tuesday, October 11 that it had concluded the negotiations for the buyout of the company's Homeland Security Division (HLS) in a deal valued at $40 million before certain closing costs. Today's share price is moving upward in a rapid fashion and is currently sitting $.50. Investment in IDS is continuing to shine because the today IDS Worldwide updated Tuesday's Press Release that it has concluded the negotiations for the buyout of their Homeland Security Division with the closing deal determined to be now valued at $41.5 million before certain closing costs.
IDS has been able to determine the one time special dividend value to be higher than the previously announced range of $.37 to $.87. Certain final closing agreements have now upgraded the range of the one time special dividend value to the shareholders to $.87 and $1.01 per common stock share of IDS Worldwide.
IDS plans to conclude in the next 48 hours discussion with Tax counsel to determine the exact dividend after closing costs and corporate tax considerations. In any event the value will be at least $.87 per common stock share.
Market Gainer will be diligent in its efforts to track the latest developments that are emerging from the sale of IDS's Homeland Security Division. There could be a promising future for this diverse company in the coming months.
