CybeRelease: (OTC: IDWD) Updates Buyout Offer for All Outstanding Shares at $1.75 per Common Share
(CybeRelease, July 6, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) IDS announced today that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock. HLS executives have stated the company would meet or exceed the offer of WSA, but still keep the division of 995ad.com as a separate asset to be spun-off later thru its own offering. IDS executives yesterday had talks with both companies and those talks were abruptly postponed further, until today when HLS made an offer to form a joint venture with Worldwide Security Acquisitions and proceed jointly with an increased buyout offer.
HLS and WSA executives informed IDS executives at 11pm. EST that the two companies will meet again this morning to continue their negotiations. IDS executives informed both parties that no sale would be considered that included the 995ad.com unless the offer was in excess of $5.00 per share. IDS feels it would not be in the interest of common stockholders to sell 995ad.com at this young growth stage of the division. HLS and WSA combined revenues for 2006 currently exceed $60 Million and combined assets in excess of $10,000,000, neither company carries any debt.
To read the complete release, go to http://www.CybeRelease.com/idwd7606.htm.
CybeRelease Gainers are Blue Dolphin Energy Company (Nasdaq: BDCO), Datalink Corporation (Nasdaq: DTLK), Neurogen Corporation (Nasdaq: NRGN), Immersion Corporation (Nasdaq: IMMR), EDAP TMS S.A. (Nasdaq: EDAP), Stratagene Corporation (Nasdaq: STGN), Allos Therapeutics, Inc. (Nasdaq: ALTH) and Mikron Infrared, Inc. (Nasdaq: MIKR).
CybeRelease Decliners are Trident Microsystems, Inc. (Nasdaq: TRID), Atheros Communications, Inc. (Nasdaq: ATHR), EMCORE Corporation (Nasdaq: EMKR), Olympic Steel, Inc. (Nasdaq: ZEUS), Quest Software, Inc. (Nasdaq: QSFT), Airspan Networks Inc. (Nasdaq: AIRN), Syntax-Brillian Corporation (Nasdaq: BRLC) and Marvell Technology Group, Ltd. (Nasdaq: MRVL).
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. A third party has hired and paid CybeRelease $995.00 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.