CybeRelease: IDS Worldwide, Inc. Informed HLS Finalizes Financing Structure for $2.35 Cash Offer for (OTC: IDWD) Common Stock
(CybeRelease, October 20, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) was informed today that HLS is moving all manufacturing operations to the United States and Hong Kong. This move accomplishes two goals for the company; it meets all requirements for manufacturing under GSA Schedule 70 for its biometric products and allows the company to triple manufacturing capacity immediately to meet increasing demand for its proprietary biometric products from the government and private sectors.
HLS will now have the capacity to manufacture between 1 and 2 million units per month to meet the overwhelming worldwide demand that is increasing daily for their biometric encryption products. The company’s advertising campaign in the Homeland Security Bulletin twice per week has quickly increased awareness throughout government agencies for this new higher level of encryption and biometrics. The biggest demand has been for the HLS biometric encryption mouse and the proprietary time and attendance software that is customizable to assign varying levels of security authentication. HLS received their 1st order from the banking industry this week for system wide implementation throughout every bank branch. The banking industry can use the biometric encryption mouse for all teller stations and safe deposit box entry. The accompanying software allows banks to assign varying level of security authentication, which would prohibit unauthorized transactions.
To read the complete release, go to http://www.cyberelease.com/idwd102006.htm
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