CybeRelease: (OTC: IDWD) To Increase Stock Buy Back
(CybeRelease, May 30, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC: IDWD) previously reported that the company held an overseas telephonic board meeting between IDS Worldwide, Inc. and HLS Worldwide, Inc., the company acquiring a substantial portion of IDS Homeland Security Division. HLS Worldwide, Inc. revealed their company plans to allocate funds from the initial profits of the 1st 500,000 units sold of the HLS Biometric 384-Bit Encryption USB Flash Drive to purchase up to 2,000,000 shares up to a limit of $2.00 as market conditions permit. HLS executives also stated that it reserved the right to exceed this amount, both in regards to amount of shares and share price if market conditions and growth in sales of the HLS Flash Drive continued its rapid acceptance in the market. HLS Worldwide, Inc. executives also stated during the call they would inform IDS Board of Directors before it surpassed these current guidelines.
IDS Worldwide, Inc. has now been informed of HLS Worldwide, Inc. intention to surpass its original announcement of acquiring 2,000,000 shares of IDS Worldwide, Inc. common stock up to and including purchasing 100% of the outstanding shares of IDS Worldwide, Inc. . HLS Worldwide, Inc. will now complete the necessary documentation to IDS Worldwide, Inc. and its advisors. IDS Worldwide, Inc. has narrowed its choice of advisors to Goldman Sachs and Morgan Stanley. IDS will make its advisors choice final this week to review the latest offer and make a report back to the IDS Board of Directors.
To read the complete release, go to http://www.CybeRelease.com/idwd53006.htm
CybeRelease Gainers are ADE Corporation (Nasdaq: ADEX), Marsh Supermarkets, Inc. (Nasdaq: MARSB), CollaGenex Pharmaceuticals, Inc. (Nasdaq: CGPI), Vical Incorporated (Nasdaq: VICL), Pacific Ethanol, Inc. (Nasdaq: PEIX), Napster, Inc. (Nasdaq: NAPS), The9 Limited (Nasdaq: NCTY) and Multi-Fineline Electronix, Inc. (Nasdaq: MFLX).
CybeRelease Decliners are Level 3 Communications, Inc. (Nasdaq: LVLT), Webzen Inc. (Nasdaq: WZEN), Lam Research Corporation (Nasdaq: LRCX), Kirin Brewery Company, Limited (Nasdaq: KNBWY), Powerwave Technologies, Inc. (Nasdaq: PWAV), Conexant Systems, Inc. (Nasdaq: CNXT), Comtech Group, Inc. (Nasdaq: COGO) and TD Ameritrade Holding Corporation (Nasdaq: AMTD).
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