CybeRelease: (OTC PK: IDWD) and HLS Have Concluded Arrangements for $2.35 Cash Buyout for IDS Common Shares
(CybeRelease, September 19, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) reported today that IDS and HLS have reached agreement on the final wording of the tender documents for the all cash buyout of IDS Worldwide, Inc. common shares for $2.35 per share. IDS executives have also agreed to the final terms for the buyout of their insider stock which will be exchanged for HLS Worldwide stock and corporate bonds. The tender document terms are now ready for the final legal review and submission to the governing agency to proceed with the tender offer. IDS believes that this cash buyout and the previous Special Dividend sufficiently meets the company’s goal of rewarding long term shareholders. HLS continued phenomenal growth rate and new cutting edge technology products being released in October will continue to reward shareholders thru their ownership of the Special Dividend Shares.
Additionally, as previously reported IDS will release details later today upon receipt of signed original documents of the Internet Portal deal signed yesterday.
To read the complete release, go to http://www.CybeRelease.com/idwd91906.htm
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