From what is available right now, it's hard to tell whether Patty rolled everything from IT Development Solutions into IDS Worldwide. Regardless, this deal was terminated in July 2005.
In July 2005, the Company terminated its license and distribution agreement, entered into September 2004, with ITD Development Solutions, Inc. (ITD), whereby the Company had granted ITD the exclusive right to manufacture, distribute and sell the NeedleZap unit in Pakistan and the United Arab Emirates. In connection with this agreement the Company entered into a two year consulting agreement with ITD president Patrick Downs for 2,000,000 shares of the Company’s common stock valued at $880,000. At June 30, 2005, the unamortized balance is $531,667. The Company is attempting to recover shares of its common stock representing the unamortized balance.
HLS Worldwide Inc. is a multi-faceted company with locations in the United States, Pakistan, and Dubai. It’s principal divisions are Biometric Flash Drive/Mouse/Medical Security Products, Home and Business Security Operations, CD/DVD Manufacturing and Packaging, Software Product/Solution Development, and International Real Estate/Trade/Supply Consulting. The Company has it’s own manufacturing plants, call centers, warehouses, and executive offices to support it’s highly diversified and experienced management team.
For more information contact us at info@hlsworldwide.com
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