IDS Informed by HLS That the First Anticipated Filings Have Been completed Fortune 500 Portal Executives Arrive in Orlando Tuesday to Sign Major Agreements
ORLANDO, FL -- (MARKET WIRE) -- 10/30/06 -- IDS Worldwide, Inc. (PINKSHEETS: ID D) has been informed by HLS Worldwide that the first filings related to the multiple acquisitions and mergers have now been filed. These complex interrelated transactions can now move forward at a rapid pace.
HLS, IDS and other parties to the acquisitions will release major signed agreements this week, including the aforementioned deal involving one of the world's leading public portal companies this week, with multiple major contracts signed this week. Over the coming days this various agreements will add greater clarity to the acquisitions and mergers IDS and HLS have been working during the past year.
The various agreements to be signed with various Fortune 500 and government agencies this week are adding enormous value for all shareholders. These agreements will allow the registration of the dividend to go forward as well as the HLS buyout of IDS common shares for $2.35 per share. These agreements have allowed HLS and the soon-to-be-combined companies to attract top executives of major public companies to run the combined operations starting immediately and coordinating the move of the surviving public company to the NASDAQ in the coming year. Audited financials of the combined companies are being presented for the new CFO's review and approval upon the signing of the various agreements this week.
IDS requested that HLS wait for the various signatures tomorrow before releasing the exact details of the completed agreements and then IDS will jointly release to the public the names of all pertinent parties to the various contract. IDS is aware that the shareholders would like this information as soon as possible and therefore will release to the public immediately upon final signing each of the expected 3-4 agreements to be signed in the next 72 hours. IDS stated that these agreements have been finalized in their entirety and greatly exceed any expectations both in the Fortune 500 companies and executives that have seen their vision and agreed to these deals and the vast increase in both revenue and EPS going forward.
Forward-Looking Statements
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.
Contact: For further information contact: IDS Worldwide, Inc. info@ids-worldwide.com http://www.hlsworldwide.com
Market Data 
Markets 
AI
