CybeRelease: (OTC: IDWD) Updates 995ad.com Equity Purchase
(CybeRelease, April 17, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) today announced that it has received a buyout offer for the 995ad.com portal. IDS executives have scheduled a 12:00 EST conference call tomorrow to receive the buyout conditions. This offer in no way indicates that IDS executives have changed the previous released business plan to take 995ad.com public thru its own IPO.
In the past month offers to purchase a minority interest and now 100% of the 995ad.com portal has required the Board of IDS to determine if it is in the best interest of long term shareholders to accept this vastly increased offer.
IDS executives currently value the 995ad.com portal in excess of $100 Million and since the buyout is substantially higher, IDS is considering putting the offer to a shareholder vote to determine shareholders wishes for immediate gain or as is IDS business plan to hold its technology and assets for more substantial long term gain.
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