(OTC: IDWD) Receives Final Offer for 33% of 995ad.com valued at $100 Million
(CybeRelease, April 19, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) today announced that it received an offer for a minority interest in 995ad.com that IDS Board of Directors deemed inadequate. In subsequent discussions during the past weeks the offer was increased 40%. . IDS has now received a final offer to purchase 33% of 995ad.com thru the planned 995ad.com IPO at $5.00 per share and one warrant to purchase an additional share at $7.50 for 3 years. IDS original plans will remain in place to distribute 1 share of the publicly traded 995ad.com for every 3 shares of IDS common stock owned at the time of the filing of 995ad.com registration statement.
IDS lawyers will now immediately update the necessary paperwork for 995ad.com public filing to include this new equity ownership. IDS felt that this offer provides the most long-term shareholder value and significant working capital to keep up with the every increase growth of IDS multiple divisions. This offer also allows IDS to retain the majority ownership of the 995ad.com division to maximize total return in the company’s investment.
IDS believes that 995ad.com with its present crisp look, faster loading times (995ad.com now loads as fast as such major portals as Yahoo and MSN) is now reaching the goal to be one of the fastest and well designed portals for buyers and sellers of cars, boats, trucks, cycles, RVs and Real Estate. The 995ad.com portals already offer significant advantages for users with ad savings of up to 500% over other leading portals. IDS is pleased that 995ad.com has been able to achieve in less than 1 year what has taken major competitors 6 years and more to accomplish. IDS engineers will complete loading the new databases (programmed in the advance PG SQL language) this week that will result in search speeds equal to or faster than the leading portals on the Internet.
For further information, go to http://www.CybeRelease.com/idwd41906.htm.
CybeRelease Gainers are Movie Gallery, Inc. (Nasdaq: MOVI), Knight Capital Group, Inc. (Nasdaq: NITE), Illumina, Inc. (Nasdaq: ILMN), Cymer, Inc. (Nasdaq: CYMI), Vitesse Semiconductor Corporation (Nasdaq: VTSS), Abatix Corp. (Nasdaq: ABIX), Alliance Bankshares Corporation (Nasdaq: ABVA) and ABAXIS, Inc. (Nasdaq: ABAX).
CybeRelease Decliners areLeCroy Corporation (Nasdaq: LCRY), USANA Health Sciences Inc. (Nasdaq: USNA), Genzyme General (Nasdaq: GENZ), Scientific Games Corp. (Nasdaq: SGMS), Blue Dolphin Energy Company (Nasdaq: BDCO), Amgen Inc. (Nasdaq: AMGN), Accentia Biopharmaceuticals, Inc. (Nasdaq: ABPI) and Asset Acceptance Capital Corp. (Nasdaq: AACC).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. The company has hired and paid CybeRelease $595.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
- Contact Information
- C. P. Barry
- Media Contact
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.