CybeRelease: (OTC: IDWD) and HLS Finalize Buyout Terms and Deliver Instructions to Legal Advisors to Develop Tender Offer Documents
IDS and HLS File Necessary Paperwork for UAE Major Expansion
(CybeRelease, August 15, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (Other OTC PK: IDWD) today announced that IDS and HLS have reached and accepted the final terms for the $2.35 cash offer for all the outstanding common stock of IDS Worldwide, Inc.. IDS insiders will receive preferred stock and bonds in return for their respective IDS Worldwide, Inc. common shares. IDS and HLS have developed the final terms and instructions to enable their respective legal advisors to complete the necessary tender offer documents needed to file with the appropriate government agencies.
Additionally, IDS and HLS have completed the necessary Real Estate Purchases and Government filings to launch one of the most aggressive expansions ever in Dubai, UAE. IDS and HLS would like to extend their great appreciation to Sheikh Mohammad Khalifa Al Jumairi ( http://www.land.ae) for his great assistance with the Government Authorities of Tatweer ( A Member of Dubai Holding) (http://www.tatweerdubai.com) for filing the necessary closing documents for this real estate purchase. IDS and HLS have purchased the land adjacent to the new Dubai Convention Center located in the new multi-billion dollar development just launched under the project title “The City”. The City development in located in the heart of Dubai’s emerging financial district and located on Emirates Road the most influential business section in Dubai. The HLS corporate website (http://www.hlsworldwide.com) has a map showing the location of the new “The City” development where the headquarters and convention center are to be located.
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