CybeRelease: (OTC: IDWD) Receives Increased Offer from HLS of $2.35 per Share
(CybeRelease, July 7, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) IDS reported earlier that HLS has made a counter to the offer received from WSA to purchase IDS Common Stock. HLS executives had 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.
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.
To read the complete release, go to http://www.CybeRelease.com/idwd7706.htm.
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