IDS Worldwide, Inc. (OTC: IDWD) Division Agrees to Buy Factory
(CybeRelease, March 30, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) today announced that IDS Homeland Security Division (HLS) in an all cash deal agreed to purchase a 100,000 sq. ft. factory for the production of HLS proprietary Biometric Encrypted USB Flash Drive. This factory will enable HLS to initially produce 500,000 units per month and expansion capability to 1,000,000 units per month in 90 days. HLS will initially hire an additional 150 technical staffers for this new factory.
HLS previously announced that it signed a $50 million Distributor Agreement for North America for the Healthcare Industry to meet HIPAA requirements with Strategic Acquisitions LLC. This agreement covered an initial order of 500,000 units at $100 per unit. Subsequent units will be sold at $125 per unit. HLS will receive a 15% Export Rebate in cash from the Pakistan Government, each month, for the added value from manufacturing operations in the new factory. Combined with the Pakistan 15% Export Rebate and a net profit on this order of $30 per unit, will result in a net profit of approximately $15.5 Million on this initial order. Strategic Acquisitions LLC was also granted first right of refusal for additional biometric technology for the healthcare industry that has not yet been released by HLS. HIPAA legislation now requires healthcare facilities such as doctor offices and hospitals to undertake security measures to assure both the security and portability of a patientís healthcare records. This security and portability cannot be accomplished with outdated security measures such as computer passwords and outdated file protection systems. The average doctorís office contains approximately 10-20 computers, and most hospitalsí computer terminals number in the hundreds.
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CybeRelease Gainers are RF Micro Devices, Inc. (Nasdaq: RFMD), AVI BioPharma, Inc. (Nasdaq: AVII), Acacia Research Corporation (Nasdaq: CBMX), Pan American Silver Corp. (Nasdaq: PAAS), First Horizon Pharmaceutical Corporation (Nasdaq: FHRX), Skyworks Solutions, Inc. (Nasdaq: SWKS), Endwave Corporation (Nasdaq: ENWV) and Sify Limited (Nasdaq: SIFY).
CybeRelease Decliners are Neoware, Inc. (Nasdaq: NWRE), Millennium Cell Inc. (Nasdaq: MCEL), Sanmina-SCI Corporation (Nasdaq: SANM), JMAR Technologies, Inc. (Nasdaq: JMAR), Nanogen, Inc. (Nasdaq: NGEN), American Medical Alert Corp. (Nasdaq: AMAC), Generex Biotechnology Corporation (Nasdaq: GNBT) and Casual Male Retail Group, Inc. (Nasdaq: CMRG).
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