IDS Worldwide, Inc. Receives NASDAQ Approval to Begin Trading Under New Symbol IDWD IDS Worldwide, Inc. Begins Trading Under New Symbol
ORLANDO, FL -- (MARKET WIRE) -- 10/19/2005 -- IDS Worldwide, Inc. (OTC: IDWD) today has begun trading under the new symbol assigned by NASDAQ (IDWD). In conjunction with this name change, CUSIP Number change and Trading Symbol change is a mandatory call by the DTC of all common stock of the old CUSIP Number. This mandatory call will not affect IDS shareholders holding stock in their brokerage accounts. Only brokerage customers who have borrowed the stock must now close and balance these transactions.
This mandatory call will allow IDS to determine the exact number of common shares to receive the special one time dividend related to the buyout of the Company's HLS Division. IDS will maintain ownership in the new entity owning the HLS division so this accurate count of common stockholders and audit of the breakout of the HLS division is necessary to determine the final valuation of the special dividend.
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.
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