CybeRelease Announces IDS Worldwide Declares Special Dividend And Buyback
( CybeRelease.com, February 1, 2006 ) - Lake Harmony, PA - CybeRelease reports IDS Worldwide Solutions, Inc. (Other OTC: IDWD) announced today that the company, under its previously announced stock buyback program, has repurchased 10 million shares of IDS common stock in a series of open market and private transactions. IDS’ stock buyback program has reduced the outstanding common shares of the company by approximately 20 percent. IDS previously announced its guidance for the company’s first year as a publicly traded company with revenues of $25 million - $30 million and EPS of $.21 - $.23. IDS Board of Directors has approved a Special Dividend valued between $.87 and $1.01 based on various closing parameters from the sale of a minority position in IDS Homeland Security Division (HLS). Following the completion of the sale IDS Homeland Security Division will trade separately as an OTCBB stock with IDS still owning the majority of the shares of HLS.
For more information, go to http://www.cyberelease.com/idwd2106.htm .
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