The news is that the news is unverfiable. No comment from the HBK store's CEO on their usage of IDWD. The PR doesn't offer enough facts, just stretches out the claims of a special dividend to come.
IDS Worldwide, Inc. Updates Dividend Payment Thursday December 15, 11:30 am ET
IDS Updates Dividend and New HLS Contracts.
ORLANDO, FL--(MARKET WIRE)--Dec 15, 2005 -- IDS Worldwide, Inc. (Other OTC:IDWD.PK - News) today announced that HLS division has been awarded the fire and security contracts for the HKB Department Store Chain in Asia. HKB currently has 18 box type stores of approximately 400-500 thousand square feet and are contracted to expand under the JC Penney and Levi store brands to 140 additional stores this year. IDS beat out other industry leaders such as Brinks and Phoenix Security in winning this major contract. IDS is very pleased that HKB showed its confidence in our HLS division over these leading competitors. The closing of this contract was a significant factor in allowing IDS to pay a special one time dividend to its common stockholders. IDS previously stated its plan to pay a one time dividend with a value of between $.87 and $1.01 per share. The closing of the HKB contract was the final step in concluding this transaction and IDS will now shortly come to its decision on the ex-dividend date
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