CybeRelease: (OTC: IDWD) Updates SEC Filing And 995ad.com IPO Plans.
(CybeRelease, March 23, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) previously announced that in discussions with the NASD certain components of the HLS transactions could not be completed in time to meet the 10-day notification requirement under SEC Rule 10b-17 and still maintain the record date for the Special Dividend previously announced as March 17, 2006. If IDS were to maintain the record date of March 17, 2006 certain closing transactions not completed at this time would have caused substantial shareholders dilution if closed after the ex-dividend date.
IDS has previously informed the NASD that it would delay the record date for a short period of time in order to complete all aspects of the HLS transaction before the special dividend payout to insure its objective of long-term shareholder value. IDS legal and accounting advisors have now determined that all components of the HLS transaction will be completed in its entirety to comply with all aspects of SEC Rule 10b-17 by April 21, 2006. The new record date for the Special Dividend will be one week later on April 28, 2006 with a payment date of May 15, 2006.
For more information, go to www.cyberelease.com/idwd32306.htm.
CybeRelease Gainers are Xyratex Ltd. (Nasdaq: XRTX), GigaMedia Limited (Nasdaq: GIGM), Intrusion Inc. (Nasdaq: INTZ), Level 3 Communications, Inc. (Nasdaq: LVLT), Performance Technologies, Incorporated (Nasdaq: PTIX), Forbes Medi-Tech Inc. (Nasdaq: FMTI), Euro Tech Holdings Company Limited (Nasdaq: CLWT) and EarthLink, Inc. (Nasdaq: ELNK).
CybeRelease Decliners are Scholastic Corporation (Nasdaq: SCHL), Ixia (Nasdaq: XXIA), Tekelec (Nasdaq: TKLC), Broadwing Corporation (Nasdaq: BWNG), J.B. Hunt Transport Services, Inc. (Nasdaq: JBHT), eOn Communications Corporation (Nasdaq: EONC), TOP Tankers Inc. (Nasdaq: TOPT) and UTStarcom, Inc. (Nasdaq: UTSI).
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