ORLANDO, Fla., Sept. 9, 2005 (PRIMEZONE) -- IDS Worldwide Solutions, Inc. (Pink Sheets:IDWS) announced today that IDS CEO, Patrick Downs, was interviewed on the Money TV show for updates on the Company's Stock Buyback Program and Planned Registration of IDS wholly owned subsidiary 995ad.com as a new public corporation and the corresponding stock dividend to current shareholders of IDS common stock as of the effective registration date. The interview can be accessed via the following link: http://www.emergingcompany.com/volume9week35.htm . The interview is towards the end of the program.
The 10 million shares of IDS common stock purchased under the Stock Buyback Program will be retired to the treasury as authorized but not outstanding shares. During the interview IDS CEO, Patrick Downs, stated, "I have personally retired 7 Million of my 33.5 Million Shares of IDS Restricted Common Stock as part of the previously announced stock buyback program to the company treasury at par value of $.001." In the future, IDS may use these shares for a number of current objectives including, but not limited to, acquisitions and a common stock dividend.
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 has retained counsel to file a registration statement for its wholly owned subsidiary, 995ad.com. Upon effective registration statement, 995ad.com will trade on the OTCBB as a wholly owned, publicly traded subsidiary of IDS Worldwide Solutions, Inc. (Pink Sheets:IDWS) (http://www.ids-worldwide.com). Common stockholders of IDS Worldwide Solutions, Inc. will receive a pro-rata number of shares of 995ad.com pursuant to each individual investor's holdings as of the effective date of the registration statement of 995ad.com.
IDS' CEO, Patrick Downs, further stated, "IDS believes that due to the diverse holdings of the company, it is appropriate to separate the Homeland Defense Division and the 995ad.com Portal and Data Centers into two separate public entities. IDS feels this will greatly enhance shareholder value in both stocks and provide a clearer picture to the investment community of IDS' diverse operations."
For further information: http://www.ids-worldwide.com and http://www.995ad.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.