DEERFIELD BEACH, Fla., July 27, 2005 (PRIMEZONE) -- IDS Worldwide Solutions Inc. (Pink Sheets:IDWS) is new to StockMarketNewsAlert.com. IDS Worldwide Solutions Inc. launched its Homeland Security Division in the first quarter of 2005. This division supplies both IT and perimeter security to the government and private sector. IDS' product line includes both biometric and wireless GSM security software, hardware and monitoring. The IDS Homeland Security division also provides security site assessment for both IT and facilities security.
According To D. Baker at First Equity Group, Inc., recent news flow from the company has been very positive. The company recently announced that its IDS Homeland Security Division, under an Exclusive Territory Agreement with Digital Securities Controls, Ltd., a division of Tyco International, has received a record-number 4,000 new client orders in the current quarter representing a 2,600 percent increase over the second quarter of 2005.
First Equity Group is looking for continued positive news in the months ahead. We remain optimistic on the company's near-term prospects.
It has been reported in a recent study that the Department of Homeland Security's spending on biometrics systems integration totaled $650 million in 2004 and is projected to reach $1.9 billion by 2011. In May 2005, the Real ID Act was passed as a rider to an appropriations bill to fund the Iraq war and for tsunami relief. Under the act, each licensed driver will receive on their driver's license a national identification number, which he or she will have to provide to use any federally regulated service, such as airlines or banks. It has also been reported that biometrics will be used as part of the new federal identification process.
Patrick Downs, CEO of IDS, stated, "IDS is pleased with the market's rapid acceptance of our homeland security products and our quality of service. IDS' HLS Division also provides its customers with armed response through our private security guards. IDS owns and operates a 32,000 square foot high-tech monitoring center for its customers and is exploring monitoring services with additional strategic partners in the security industry."
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