CybeRelease: (OTC: IDWD) IDS Announces Record Date for Qualification of 995ad.com Spin- Off
(CybeRelease, November 21, 2006) - Lake Harmony, PA - IDS Worldwide, Inc. (OTC PK: IDWD) HLS has informed IDS that it will proceed with the tender offer of $2.35 per share for the outstanding shares of IDS common stock following the completion of the spin-off of IDS 995ad.com division. IDS 995ad.com division is a separate asset that is not part of the HLS $2.35 cash buyout of IDS common shares. HLS also informed IDS that it expects the previously issued special dividend to begin trading after fiscal year end December 31, 2006.
IDS yesterday announced the record date for shareholders to qualify for the shares pertaining to the 995ad.com spin-off for November 30, 2006. To qualify shareholders must already own the shares or purchase the shares three trading days prior to November 30, 2006 to allow for the settlement of the trade (shareholders should note that November 23, 2006 will not count as a settlement day). IDS will determine through information provided by the company transfer agent to compile a list of shareholders who qualify for the 995ad.com spin-off as of the aforementioned record date.
To read the complete release, go to http://biz.yahoo.com/iw/061121/0187200.html.
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