sunny here's the meat of the PR regarding the dividend -
ORLANDO, FL, Oct 13, 2005 (MARKET WIRE via COMTEX) -- IDS Worldwide, Inc. (IDWS) today updated the Company's previous Press Release that it has concluded the negotiations for the buyout of the Company's Homeland Security Division (HLS) with the closing deal determined to be now valued at $41,500,000 before certain closing costs.
IDS also previously announced that 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 after various 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, Inc. IDS hopes 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.
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